The cover that felt adequate when you bought it may no longer be. I help you calculate the right amount, buy from the right insurer, and avoid the traps that cause claim rejections.
Medical inflation, rising home loans, and the growing cost of education mean the cover that felt substantial five years ago leaves dangerous gaps today.
I walk you through this calculation with your actual numbers on a free call. Most people are underinsured by Rs 50 lakh to Rs 2 crore when we do the exercise together.
| Aspect | Pure Term | ULIP / Endowment |
|---|---|---|
| Same cover cost | Rs 10,000/yr | Rs 50,000+/yr |
| Investment returns | None. Invest the saved premium separately. | Bundled, high charges |
| First 5-yr charges | Minimal | Up to 40% of premium |
| Lock-in period | None | 5 years+ |
| Claim settlement | Simple death claim | Complex surrender rules |
When might an endowment or ULIP make sense? Rarely. If you have specific illiquidity requirements or estate planning needs, I will explain the limited scenarios where these products add value.
This policy gives you returns if you survive. Your family gets covered and you also earn.
A Return of Premium term plan costs 4 to 6 times a pure term policy. The premium difference invested in a simple index fund outperforms the returned premium by a significant margin over 20 years.
Rs 1 crore is standard. That is what everyone buys at your income level.
For someone earning Rs 15 lakh a year with a home loan and two young children, Rs 1 crore covers roughly 4 years of obligations. The correct amount is often Rs 2.5 to 4 crore.
Buy from our bank. We have tied up with a top insurer at a special rate.
Bancassurance products are almost always more expensive than buying directly. Banks earn the highest commissions on insurance, which creates a direct incentive to sell the most expensive product, not the most suitable one.
Life and term insurance decisions are made once and live with your family for decades. I treat them accordingly.
I calculate the exact sum insured you need using your real income, liabilities, dependents, and existing assets.
I filter by claim settlement ratio (above 98.5 percent), solvency ratio, and policy terms. Not by marketing.
The most common reason term claims are rejected is incorrect health disclosure at application. I help you disclose accurately and completely.
Lump sum vs monthly income payout. Nominee documentation. I set up the policy so your family can access it without difficulty.
Free 30-minute call. I will run the numbers with you and show you exactly what you should own and why.
Book a Free Life Insurance Review