You can use any of the above-mentioned methods to determine your insurance need . However, a simple thumb rule is 10-12 times your annual income, irrespective of your age. So, if you are earning Rs 10 lakhs a year, your minimum insurance coverage should be Rs 1CR to Rs 1.2 CR to stay adequately insured. Aug 21, 2017
How much term insurance do I need?
Mar 07, 2020