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Calculate your exact protection gap, shield your dependents, and prevent medical bankruptcy.
Insurance is the transfer of catastrophic financial risk from yourself to an insurance company in exchange for a relatively small premium.
A single medical emergency or the sudden loss of a breadwinner can wipe out decades of savings and investments instantly. Protection must precede wealth creation.
Anyone with financial dependents, outstanding liabilities, or mortal bodies.
Ensure you are enrolled in your employer's group health plan.
Corporate cover vanishes if you lose your job. Buy a base personal family floater policy.
Sum up all your debts, mortgages, and future family expenses.
Purchase a pure term policy equal to 15-20x your annual expenses plus liabilities.
Enhance your health cover cheaply using a high-deductible top-up plan.
Reassess your coverage when you get married, have children, or take on a mortgage.
Estimate the coverage you require to protect your family and liabilities.
Based on 12x annual expenses + clearing outstanding debts.
Standard recommended floor to avoid dip into capital reserves.
Understanding risk transfer and the true cost of being uninsured.
Why you should never mix insurance with investments.
Understanding coverage limits, network hospitals, and exclusions.
Moving beyond the "10x salary" rule of thumb to exact liability mapping.
How to get ₹1 Crore health coverage for the price of a ₹10 Lakh plan.
Which add-ons (like accidental disability) are worth the extra premium.
How to ring-fence your life insurance payout from creditors.
How to switch insurers without losing your waiting period benefits.
* Scenarios are illustrative and rely on assumed market conditions.
Term Insurance: High coverage (e.g., ₹2 Cr) for low premium (e.g., ₹15k/yr). No maturity return.
Endowment/ULIP: Low coverage (e.g., ₹15L) for high premium (e.g., ₹50k/yr). Gives "returns".
The amount you pay periodically to keep the insurance policy active.
The guaranteed payout amount in the event of death or a claim.
The amount you must pay out of pocket before the insurance company pays anything.
The time you must wait before specific diseases (like pre-existing conditions) are covered.