How long should you keep your life insurance policy?

You only need life insurance as long as someone depends on your income. So, if you're 35 today and plan to retire by 60 or 65, a life insurance policy for 25 to 30 years makes sense. By that time, your kids will likely be financially independent, your home loan (if any) will be paid off, and your spouse should be secure thanks to your retirement savings. Basically, the very need for insurance disappears. Why longer doesn't mean better Extending your cover well into your 70s or 80s may feel comforting, but it's usually unnecessary—and expensive. Let's look at what a Rs 1 crore term plan costs for a healthy 35-ye

This article was originally published on May 08, 2025.