How Much Term Insurance Do You Really Need in India?

Term insurance is the cheapest way to transfer large financial risk. The mistake most Indians make is buying a random ₹1 crore cover because it "sounds big".

A practical coverage stack

1. Income replacement: multiply annual income by 10–15× depending on age and dependents.
2. Loans: add outstanding home loan, education loan, and other big liabilities.
3. Goals: add non-negotiable goals (children's education timeline) you want funded even if you are not around.

Use calculators, not guesses

• Financial health check — surfaces insurance gap vs income and dependents.
• Tax regime calculator — if you are optimising take-home and benefits together.

Related reading

- Emergency fund guide — liquidity first, insurance next.