Young earners with high incomes and few responsibilities can save more than 30 per cent, while those with low salaries and high expenses may save less.
A rider is a supplementary cover which can be purchased with the base policy by paying an additional premium.
>You can buy a life insurance policy for someone else only if you have an insurable interest or expect financial loss from that person's death, points out Tarun Chugh, MD and CEO, Bajaj Allianz Life Insurance, answering insurance questions.