ilmscore | Term Insurance Cover Calculation Predictions
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Term Insurance Cover Calculation

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Recent Predictions

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
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The recommended term insurance cover for an individual named Chandu, based on his age, dependents, and monthly expenses, is 1.9 crore INR.
"the recommended cover for chandu is 1.9 crores"
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
The required term insurance cover for an individual named Bundu, considering his higher monthly expenses due to more dependents, is calculated to be 2.6 crore INR.
"his required cover comes out to 2.6 crores"
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
For a 35-year-old with a 10-year-old son, a spouse, monthly expenses of 60,000, no outstanding loans, and a desired cover until age 60, the recommended term insurance cover is 1.9 crores.
"the recommended cover for chandu is 1.9 crores"
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
For a person with two dependents (5-year-old son, 2-year-old daughter), a spouse, and monthly expenses of 80,000, the recommended term insurance cover is 2.6 crores, assuming other factors are constant with the previous example.
"his required cover comes out to 2.6 crores"
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
If there is a car loan of 20 lakhs, this amount should be added to the term insurance cover calculation to ensure the loan can be paid off without impacting the family's financial stability.
"just add up this 20 lakhs here [...] and then if we hit calculate you can see that the the cover is ..."
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
The term insurance cover calculation already factors in inflation.
"all in all what does this tell you that you need not calculate or recalculate the cover based on inf..."
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...
Car loans should be considered when calculating the required term insurance cover.
"just add up this 20 lakhs here I know that here it mentions that only unsecured loans but I think we..."
CA Rachana Phadke Ranade CA Rachana Phad...
Sep 20, 2024
Pending
Top 5 factors that d...