How much life insurance do you need?

While most of us end up deciding the sum assured or quantum of the life cover without any logical basis, that's certainly not the best way to do it. An adequate life cover is a subjective thing and varies for everyone depending on their personal circumstances and need. The correct answer to the question would be an amount that is sufficient to provide for the living expenses of the dependents in your absence, till the time they become independent. Besides providing for the living expenses, the cover should be large enough to accommodate for the non-negotiable goals that you would no

This article was originally published on May 03, 2022.