Choose Right: How to Choose Sum Assured for Term Plan
Learn how to choose sum assured for term plan with expert guidance from Ajay Kumar Poddar.

Practical guides on insurance, tax planning, and wealth protection - written by Ajay Kumar Poddar.
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Learn how to choose sum assured for term plan with expert guidance from Ajay Kumar Poddar.
The most common mistake I see is either too little cover (underinsured) or paying for too much (overinsured). Here is the simple calculation I do for every client to find the right cover amount.

Sum Assured is the core promise of any life insurance policy. It's the amount your family receives if you pass away. Here's how to pick the right number for your situation.
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