Question 1

How much term insurance do I need?

Accepted Answer

A simple rule: 10–20 times your annual income, plus your outstanding loans, minus your existing investments. A 35-year-old earning ₹12 LPA typically needs ₹1.5–2 crore cover.

Question 2

Should I buy ULIP / endowment / money-back plans?

Accepted Answer

Generally no. They mix insurance and investment and do both poorly. Pure term insurance + mutual fund SIPs almost always give better cover and better returns.

Question 3

Why do I need health insurance if my employer gives me one?

Accepted Answer

Employer cover ends the day you leave the job, and is rarely enough for a serious illness. A personal family floater of ₹10–25 lakh is essential — premiums are far cheaper when bought young and healthy.

Question 4

What is a critical illness rider?

Accepted Answer

It pays a lump sum if you're diagnosed with major illnesses like cancer, heart attack or stroke — over and above your hospitalisation cover. Highly recommended after age 35.

Question 5

How do you decide which insurer to recommend?

Accepted Answer

We look at claim settlement ratio, solvency, premium, policy wording, and customer service — not commissions. The cheapest premium isn't always the best.

Protect your family before you invest.

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