How much life cover you need, how to compare quotes and options with worked rupee examples, and what to check before you sign.
The most common mistake in Indian term insurance is not choosing the wrong insurer but buying the wrong amount: a round ₹50 lakh or ₹1 crore picked because it sounds large, without checking it against the family's expenses, loans and goals.
This section works through the numbers. The cover amount guide sets out the expense method and the income-multiple check, and the human life value worked example shows the present-value calculation and how sensitive it is to its assumptions. You can then compare term quotes on premium and shortfall, test buying term and investing the rest, and choose policy term, payment term and payout options.
Two guides deal with protecting the payout itself: the MWP Act policy, which keeps the money away from creditors, and the buying checklist, which covers disclosures, medicals and nominees. The calculators on the tools page let you rerun every example with your own figures.
Cover Calculations and Buying Checklists
Test buy-term-invest-the-rest against an endowment plan at 6%, 8% and 10% returns, with death-in-year-10 outcomes, where to invest the difference and the tax angle.
Cover Calculations and Buying Checklists
Compare term plans on premium, cover shortfall, policy term, riders, payout options and insurer claim data, with a three-quote worked example in rupees.
Cover Calculations and Buying Checklists
Calculate term insurance cover in India from expenses, loans, goals and savings, check it against income multiples and HLV, and pick a policy term, with rupee arithmetic.
Cover Calculations and Buying Checklists
Work out your human life value for term insurance in India using income, personal spending, salary growth and a discount rate, with the formula and a sensitivity table.
Cover Calculations and Buying Checklists
How Section 6 of the Married Women's Property Act, 1874 puts a term policy in trust for wife and children, keeps it from creditors, and what you give up.
Cover Calculations and Buying Checklists
Choose cover until 60, 65 or 75, regular or limited pay, annual or monthly premiums, and lump sum, monthly income or mixed payouts, with rupee examples.
Cover Calculations and Buying Checklists
What to check before and after buying a term plan in India, from disclosures and medical tests to income proof, nominee, free look and loan-linked policies.
