← Life Insurance and Term Plans · Lesson 2 of 4
How much cover is enough?
A common rule of thumb is 10 to 15 times your yearly income, plus any loans. A more careful way is the Human Life Value: your future income, family expenses, loans and goals, minus savings and existing cover.
Example (illustration only): someone earning ₹6 lakh a year with a ₹20 lakh home loan may need cover of roughly ₹80 lakh to ₹1.1 crore.
Try the life cover calculator to see your own number.
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