How Much Insurance Do you Need in India really?

✅ Your ₹10 lakh insurance might feel like enough — but how much insurance do you need really?
Let’s bust the myth that “some insurance is better than none” and show you how to calculate the right coverage for your life.

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🚨 The Problem: Underinsurance is Real

Most people buy term insurance like they’re checking a box.
₹5 lakh. ₹10 lakh. Maybe ₹25 lakh if they’re feeling ambitious.

But here’s the hard truth:
Your family needs a plan — not just a payout.

If something were to happen to you tomorrow, would the insurance you’ve taken truly cover:

• Your home loan?
• Your kids’ education?
• Your spouse’s future?
• The rising cost of living?

Chances are — it won’t.

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📊 So… How Much Insurance Do You Need Actually?

Let’s break it down using a simple, real-life formula:

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✅ Step-by-Step Calculation:

Need Category	Amount (₹)
Outstanding Loans	₹30,00,000
Child’s Education & Marriage	₹40,00,000
Household Expenses (20 years × ₹6L)	₹1,20,00,000
Emergency Buffer	₹10,00,000
Total Insurance Required	₹2,00,00,000

🎯 Rule of Thumb: Your life cover should be at least 10–15× your annual income.

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💡 Term Insurance ≠ Just a Form

Term insurance is not for you.
It’s for the people who depend on you.

When you choose the right cover, you give them:

• Dignity
• Stability
• Financial freedom

Underinsurance, on the other hand, leaves them at risk — even after you’ve gone.

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🧠 Common Myths, Busted

Myth 1: “I already have insurance from my employer.”
→ Truth: That policy ends the day you leave your job.

Myth 2: “₹50L is enough, I’m healthy & young.”
→ Truth: Inflation and future needs make this amount disappear fast.

Myth 3: “Insurance is a waste if nothing happens.”
→ Truth: You don’t buy insurance because you’re going to die. You buy it because your family will live.

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📌 Final Thoughts from Credence Finvest

At Credence Finvest, we don’t believe in selling policies — we believe in protecting legacies.

If you’re unsure about how much term insurance you need, our certified financial planners can guide you with a comprehensive protection plan based on:

• Your current income
• Liabilities
• Goals
• Family needs

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📞 Ready to secure your family’s future the right way?

👉 Schedule a FREE consultation today on https://credencefinvest.in/#contact