Insurance cover
Term life and health cover sizing by income, age and family size, plus what to track once the policy is bought.
81 pages in this section.
- How much term insurance at 25, earning ₹50,000 a month Earning ₹50,000 a month at 25 points to roughly ₹90 lakh of term cover — about 15 times annual income, before adding loa...
- How much term insurance at 30, earning ₹50,000 a month Earning ₹50,000 a month at 30 points to roughly ₹90 lakh of term cover — about 15 times annual income, before adding loa...
- How much term insurance at 35, earning ₹50,000 a month Earning ₹50,000 a month at 35 points to roughly ₹72 lakh of term cover — about 12 times annual income, before adding loa...
- How much term insurance at 40, earning ₹50,000 a month Earning ₹50,000 a month at 40 points to roughly ₹72 lakh of term cover — about 12 times annual income, before adding loa...
- How much term insurance at 45, earning ₹50,000 a month Earning ₹50,000 a month at 45 points to roughly ₹60 lakh of term cover — about 10 times annual income, before adding loa...
- How much term insurance at 50, earning ₹50,000 a month Earning ₹50,000 a month at 50 points to roughly ₹60 lakh of term cover — about 10 times annual income, before adding loa...
- How much term insurance at 25, earning ₹75,000 a month Earning ₹75,000 a month at 25 points to roughly ₹1.35 crore of term cover — about 15 times annual income, before adding...
- How much term insurance at 30, earning ₹75,000 a month Earning ₹75,000 a month at 30 points to roughly ₹1.35 crore of term cover — about 15 times annual income, before adding...
- How much term insurance at 35, earning ₹75,000 a month Earning ₹75,000 a month at 35 points to roughly ₹1.08 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 40, earning ₹75,000 a month Earning ₹75,000 a month at 40 points to roughly ₹1.08 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 45, earning ₹75,000 a month Earning ₹75,000 a month at 45 points to roughly ₹90 lakh of term cover — about 10 times annual income, before adding loa...
- How much term insurance at 50, earning ₹75,000 a month Earning ₹75,000 a month at 50 points to roughly ₹90 lakh of term cover — about 10 times annual income, before adding loa...
- How much term insurance at 25, earning ₹1 lakh a month Earning ₹1 lakh a month at 25 points to roughly ₹1.8 crore of term cover — about 15 times annual income, before adding l...
- How much term insurance at 30, earning ₹1 lakh a month Earning ₹1 lakh a month at 30 points to roughly ₹1.8 crore of term cover — about 15 times annual income, before adding l...
- How much term insurance at 35, earning ₹1 lakh a month Earning ₹1 lakh a month at 35 points to roughly ₹1.44 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 40, earning ₹1 lakh a month Earning ₹1 lakh a month at 40 points to roughly ₹1.44 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 45, earning ₹1 lakh a month Earning ₹1 lakh a month at 45 points to roughly ₹1.2 crore of term cover — about 10 times annual income, before adding l...
- How much term insurance at 50, earning ₹1 lakh a month Earning ₹1 lakh a month at 50 points to roughly ₹1.2 crore of term cover — about 10 times annual income, before adding l...
- How much term insurance at 25, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 25 points to roughly ₹2.7 crore of term cover — about 15 times annual income, before adding...
- How much term insurance at 30, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 30 points to roughly ₹2.7 crore of term cover — about 15 times annual income, before adding...
- How much term insurance at 35, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 35 points to roughly ₹2.16 crore of term cover — about 12 times annual income, before addin...
- How much term insurance at 40, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 40 points to roughly ₹2.16 crore of term cover — about 12 times annual income, before addin...
- How much term insurance at 45, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 45 points to roughly ₹1.8 crore of term cover — about 10 times annual income, before adding...
- How much term insurance at 50, earning ₹1.5 lakh a month Earning ₹1.5 lakh a month at 50 points to roughly ₹1.8 crore of term cover — about 10 times annual income, before adding...
- How much term insurance at 25, earning ₹2 lakh a month Earning ₹2 lakh a month at 25 points to roughly ₹3.6 crore of term cover — about 15 times annual income, before adding l...
- How much term insurance at 30, earning ₹2 lakh a month Earning ₹2 lakh a month at 30 points to roughly ₹3.6 crore of term cover — about 15 times annual income, before adding l...
- How much term insurance at 35, earning ₹2 lakh a month Earning ₹2 lakh a month at 35 points to roughly ₹2.88 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 40, earning ₹2 lakh a month Earning ₹2 lakh a month at 40 points to roughly ₹2.88 crore of term cover — about 12 times annual income, before adding...
- How much term insurance at 45, earning ₹2 lakh a month Earning ₹2 lakh a month at 45 points to roughly ₹2.4 crore of term cover — about 10 times annual income, before adding l...
- How much term insurance at 50, earning ₹2 lakh a month Earning ₹2 lakh a month at 50 points to roughly ₹2.4 crore of term cover — about 10 times annual income, before adding l...
- How much health insurance a family of 2 needs in a metro A family of 2 in a metro should start at about ₹10 lakh of floater cover, with a super top-up taking the total towards a...
- How much health insurance a family of 2 needs in a tier-2 city A family of 2 in a tier-2 city should start at about ₹8 lakh of floater cover, with a super top-up taking the total towa...
- How much health insurance a family of 2 needs in a small town A family of 2 in a small town should start at about ₹5 lakh of floater cover, with a super top-up taking the total towar...
- How much health insurance a family of 3 needs in a metro A family of 3 in a metro should start at about ₹10 lakh of floater cover, with a super top-up taking the total towards a...
- How much health insurance a family of 3 needs in a tier-2 city A family of 3 in a tier-2 city should start at about ₹8 lakh of floater cover, with a super top-up taking the total towa...
- How much health insurance a family of 3 needs in a small town A family of 3 in a small town should start at about ₹5 lakh of floater cover, with a super top-up taking the total towar...
- How much health insurance a family of 4 needs in a metro A family of 4 in a metro should start at about ₹12 lakh of floater cover, with a super top-up taking the total towards a...
- How much health insurance a family of 4 needs in a tier-2 city A family of 4 in a tier-2 city should start at about ₹10 lakh of floater cover, with a super top-up taking the total tow...
- How much health insurance a family of 4 needs in a small town A family of 4 in a small town should start at about ₹7 lakh of floater cover, with a super top-up taking the total towar...
- How much health insurance a family of 5 needs in a metro A family of 5 in a metro should start at about ₹14 lakh of floater cover, with a super top-up taking the total towards a...
- How much health insurance a family of 5 needs in a tier-2 city A family of 5 in a tier-2 city should start at about ₹12 lakh of floater cover, with a super top-up taking the total tow...
- How much health insurance a family of 5 needs in a small town A family of 5 in a small town should start at about ₹9 lakh of floater cover, with a super top-up taking the total towar...
- How much health insurance a family of 6 needs in a metro A family of 6 in a metro should start at about ₹16 lakh of floater cover, with a super top-up taking the total towards a...
- How much health insurance a family of 6 needs in a tier-2 city A family of 6 in a tier-2 city should start at about ₹14 lakh of floater cover, with a super top-up taking the total tow...
- How much health insurance a family of 6 needs in a small town A family of 6 in a small town should start at about ₹11 lakh of floater cover, with a super top-up taking the total towa...
- What health insurance actually covers Health insurance covers hospitalisation, day-care procedures and, in most modern policies, pre- and post-hospitalisation...
- How much health insurance a family needs Sizing health insurance is where most households either overpay or under-protect. A family floater sized at roughly ten...
- Tracking health insurance and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual, and lapsing even brie...
- What a super top-up policy actually covers A super top-up policy covers claims above a deductible you choose, aggregated across the year rather than per claim.
- How much a super top-up policy a family needs Sizing a super top-up policy is where most households either overpay or under-protect. A base floater plus a large super...
- Tracking a super top-up policy and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual, and it should be rene...
- What critical illness cover actually covers Critical illness cover covers a lump sum on diagnosis of a listed condition, paid regardless of what the treatment cost.
- How much critical illness cover a family needs Sizing critical illness cover is where most households either overpay or under-protect. Two to three years of income, be...
- Tracking critical illness cover and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual, with a survival perio...
- What term life insurance actually covers Term life insurance covers a lump sum to your family if you die during the policy term. No maturity value, which is exac...
- How much term life insurance a family needs Sizing term life insurance is where most households either overpay or under-protect. Ten to fifteen times annual income,...
- Tracking term life insurance and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Premiums are level for the wh...
- What traditional life insurance actually covers Traditional life insurance covers a mix of a small death benefit and a savings component, usually endowment or money-bac...
- How much traditional life insurance a family needs Sizing traditional life insurance is where most households either overpay or under-protect. Rarely the right vehicle for...
- Tracking traditional life insurance and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Premium due dates matter; sur...
- What personal accident cover actually covers Personal accident cover covers death and disability from accidents, including the permanent disability that health insur...
- How much personal accident cover a family needs Sizing personal accident cover is where most households either overpay or under-protect. Ten times annual income is a co...
- Tracking personal accident cover and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual, and often bundled che...
- What vehicle insurance actually covers Vehicle insurance covers third-party liability, which is mandatory, plus own-damage cover if you buy comprehensive.
- How much vehicle insurance a family needs Sizing vehicle insurance is where most households either overpay or under-protect. Insured declared value should reflect...
- Tracking vehicle insurance and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual and legally required....
- What home insurance actually covers Home insurance covers structure and contents against fire, theft and natural events. Widely under-bought in India relati...
- How much home insurance a family needs Sizing home insurance is where most households either overpay or under-protect. Structure cover at rebuild cost, not mar...
- Tracking home insurance and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Annual, often multi-year for...
- What other policies actually covers Other policies covers travel, gadget, pet, and the assorted covers that arrive bundled with cards and purchases.
- How much other policies a family needs Sizing other policies is where most households either overpay or under-protect. Usually small and situational. The value...
- Tracking other policies and its renewals A policy is only worth what it pays, and it only pays if it is alive on the day you claim. Varies, which is exactly why...
- Sizing critical illness cover on ₹50,000 a month On ₹50,000 a month, critical illness cover of about ₹18 lakh — three years of income — covers the gap health insurance l...
- Sizing critical illness cover on ₹75,000 a month On ₹75,000 a month, critical illness cover of about ₹27 lakh — three years of income — covers the gap health insurance l...
- Sizing critical illness cover on ₹1 lakh a month On ₹1 lakh a month, critical illness cover of about ₹36 lakh — three years of income — covers the gap health insurance l...
- Sizing critical illness cover on ₹1.5 lakh a month On ₹1.5 lakh a month, critical illness cover of about ₹54 lakh — three years of income — covers the gap health insurance...
- Sizing critical illness cover on ₹2 lakh a month On ₹2 lakh a month, critical illness cover of about ₹72 lakh — three years of income — covers the gap health insurance l...
- Never miss an insurance renewal again A lapsed health policy can reset waiting periods you spent years clearing. A lapsed motor policy makes the car illegal t...
- The family cover checklist Most households do not have too little insurance in general — they have the wrong mix, with three overlapping policies i...
- Putting premiums into the monthly budget Premiums are usually annual, which is why they feel like a shock rather than a cost. Spread across twelve months, they a...
- Being claim-ready before you need to claim The worst time to find out where the policy document lives is the day someone is in hospital.