Marriage is the beginning of shared financial responsibility. The moment you marry, someone depends on your income. Here is the ideal insurance portfolio for a newly married couple in 2026.
Step 1: Term Insurance for Both Partners
Both should have individual term plans within 6 months of marriage.
Recommended: LIC Jeevan Amar for each partner
- ▸Age 28, male: Rs 1 crore for 30 years - approximately Rs 7,500-8,500/year
- ▸Age 26, female: Rs 50 lakh for 30 years - approximately Rs 4,500-5,000/year
Start early - premiums are lowest in your late 20s. Every year of delay increases premium by 4-6%.
Step 2: Family Floater Health Insurance
Switch to a family floater - covers both partners (and future children can be added).
Recommended: Rs 10-15 lakh for a young couple. Star Health, HDFC Ergo, or Max Bupa. Annual premium: approximately Rs 12,000-16,000.
Step 3: Savings Plan for Future Goals
Option: LIC Jeevan Labh (936), Rs 5 lakh SA, 25-year term:
- ▸Age 35: approximately Rs 14,000-16,000/year
- ▸Maturity (indicative): Rs 12-14 lakh
Step 4: Critical Illness Rider
Add LIC's New Critical Illness Rider to at least one partner's term plan. Rs 10 lakh lump sum on diagnosis of cancer, heart attack, or kidney failure.
Year 1 Insurance Budget
- ▸His term plan: Rs 8,000
- ▸Her term plan: Rs 5,000
- ▸Family floater health: Rs 14,000
- ▸Savings plan: Rs 16,000
- ▸Total: Rs 43,000/year (Rs 3,600/month)
Comprehensive coverage for under Rs 4,000/month.
Call Ajay Kumar Poddar at 9415313434 to build your portfolio together.
