How Much Term Insurance Do You Really Need?

How Much Term Insurance Do You Really Need?

By Niveshkarlo

July 09, 2026

Don't Guess the Amount

Don't Guess the Amount

Many people choose ₹50 lakh or ₹1 crore simply because someone suggested it. Your ideal cover should depend on your income, loans and family responsibilities.

Start With Your Income

Start With Your Income

Life Cover = 10–15× Annual Income If you earn ₹12 lakh a year, your cover may need to be around ₹1.2–1.8 crore.

Then Add Your Financial Goals

Then Add Your Financial Goals

Don't forget expenses your family may face: -Home loan -Children's education -Daily living costs -Future inflation Insurance should replace more than just your salary.

Review Your Cover Regularly

Review Your Cover Regularly

Increase your term cover when you: -Get married -Become a parent -Buy a house -Receive a major salary hike Your insurance should grow with your responsibilities.

Protect Your Family, Not Just Your Income

Protect Your Family, Not Just Your Income

The right term insurance cover is based on your financial responsibilities—not a fixed number. Review your protection before it's too late.

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