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Medical emergencies can be covered using health insurance, Life term insurance is also an addition to ensure the safety. Realistically a medial class person will not need 1 CR as a liquid equity fund to spend in one shot, they would prefer they have a stable monthly/quarterly income coming from those in form of dividend returns or something. So in my case since I have already worked a house in Mumbai, Jaipur till the age of 30. I have rest of my life to build up my equity and retire
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