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Life insurance in Sri Lanka is an important aspect of planning for the uncertain future. The amount of life insurance coverage you need is determined by evaluating several factors:Income Replacement: To provide for your family, the coverage should replace your income for a period of time. This often includes multiplying your annual income by a certain number (e.g., 5-10 times your annual salary).Outstanding Debts: Consider the total amount of debts, such as mortgages, car loans, and credit card balances, that you wou... more
