Thirty is the sweet spot for term insurance: you're likely at your healthiest and premiums are at their lowest. Here's exactly how much cover you need, what it costs, and how to buy right the first time.
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📅 Book a Free Call 💬 WhatsApp UsForget the '10× income' thumb rule — it under-insures most people. The proper method:
Example: ₹15 LPA income + ₹50L home loan → roughly ₹2.5–2.75 Cr cover.
| Cover | Healthy male, 30, non-smoker |
|---|---|
| ₹1 Crore | ~₹850–1,100/month |
| ₹2 Crore | ~₹1,600–2,100/month |
Indicative 2026 online term rates; actual premiums vary by insurer, term length and underwriting.
For most earners, no. ₹1 Cr covers barely 6–7 years of a ₹15 LPA household's expenses. 12–15× income is the sound baseline — usually ₹2 Cr+ at this age and income.
Look for claim settlement ratio above 98%, solvency ratio above 1.5, and a hassle-free claim process. The 'best' varies by your age, health and budget — compare 3–4 insurers, not just price.
Some insurers offer increasing-cover options, but the cheapest way is to buy adequate cover now. You can also buy a second policy later as income grows.
Till 60–65 covers your earning years and dependents' dependency period. Beyond that, cover is usually unnecessary if you've built assets.
From our YouTube channel Bima Gyan by ViRa — simple Hindi/Hinglish explainers.
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