I have already exhausted the investment limit as per section 80C. I don't need more.
It's a mistake most people do year after year. Do not confuse premiums paid under sec 80C with adequate life cover. If possible, consult a qualified financial planner who can tell you what insurance you need and how much by looking at your profile and understanding your future aspirations. Your insurance requirement will change according to events in your family like birth of a child, taking of liabilities etc. For example if you have taken a home loan, the policy should cover that.
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