Lazy Lakshman & Smart Sanjay: The Right Insurance cover :)

Author: sonesh123

Date: September 16, 2016

by sonesh123
9-16-16
During the coffee break...
Hey Sanjay, can you guide me on what amount should i invest in an insurance coverage?
Sure. Lakshman, since you are unmarried, you should have a life cover that is 5 times your annual income.
How about you? I guess you are married.
Yes, Hence I have a life cover of about 10 times my annual income.
Great. That means I should stay single to live longer and avoid crazy insurance costs :)