How much term cover do I need?

A common rule is 10–15× annual income plus loans your dependents should not struggle with. Recalculate at life events.

Credit & loans

How much term insurance cover do you need in India?

Simple rules for term cover — income multiple, loans, dependents — and when 1 crore is marketing, not math.

6 min read · Updated 4 July 2026

Cover should replace income your dependents need and clear debts they should not inherit as stress. Round numbers in ads are not a plan.

Common starting point: 10–15× annual income plus outstanding loans.
No dependents and no co-signed debt: maybe wait.
Review cover when you marry, have kids, or take a home loan.

Common questions

How much term cover do I need?: A common rule is 10–15× annual income plus loans your dependents should not struggle with. Recalculate at life events.

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General education, not personalised financial advice. Rules and rates change — verify the current position before you act.