Is your term insurance cover actually enough?

Summary: Most people choose a term insurance number before they've answered the only question that actually matters. The number isn't the problem; it's that most people pick it without knowing what it's supposed to do.

Summary: Most people choose a term insurance number before they've answered the only question that actually matters. The number isn't the problem; it's that most people pick it without knowing what it's supposed to do. Most people approach term insurance with a number in mind—Rs 50 lakh, Rs 1 crore, or Rs 2 crore. Sometimes it comes from an agent’s suggestion. Sometimes, from what feels large enough. But there is a more important question that rarely gets asked: enough for what? Unless you define what your insurance is meant to protect, any number you choose is arbitrary. And arbitrary decisions in financial protection can be deeply costly. Term

This article was originally published on May 20, 2026.