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 top-up is the cheapest route to a crore of cover, because the expensive first layer stays small.
The sizing rule
A base floater plus a large super top-up is the cheapest route to a crore of cover, because the expensive first layer stays small.
Adjusting it for your household
Rules of thumb are starting points. A single-earner family with young children and a home loan needs more than a dual-income household with no dependants. Count what would still have to be paid if the worst happened — EMIs, school fees, living costs — and size the cover against the gap, not against a formula.
Reviewing it as life changes
Marriage, a child, a home loan, a job change, a parent moving in — each of these changes the number. A cover level set once and never revisited is usually wrong within five years.
Where FamTally comes in
FamTally holds every policy the family has — a super top-up policy included — with sum assured, premium, frequency, renewal date and the members it covers. It totals your cover so gaps are obvious, puts premiums into your monthly cashflow, and reminds you ahead of each renewal. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What does a super top-up policy cover?
Claims above a deductible you choose, aggregated across the year rather than per claim.
How much cover should we take?
A base floater plus a large super top-up is the cheapest route to a crore of cover, because the expensive first layer stays small.
What happens if it lapses?
Annual, and it should be renewed in step with the base policy so the deductible logic keeps working.