Term Insurance
Term Insurance is a low-cost life cover that protects your family financially if something happens to you. High cover, small premium- pure protection
Vineet Naik, ACCA
4/15/20251 min read
1. What is Term Insurance?
It’s pure life cover. 💼
If something happens to you during the policy term, your family gets the full cover amount. 💰
If nothing happens (great!), no money is paid – because it’s not an investment, it’s protection. 🛡
2. How Much Cover Do You Need?
Simple rule:
Your Term Insurance Cover = 10 to 20 times your annual income.
So if your yearly income is ₹10 lakhs, you should have ₹1 to ₹2 crores of term cover. 📊
3. Is it Expensive?
Not at all! ❌💸
Term Insurance is the cheapest form of life cover. Want proof?
Let’s compare:
• Daily cup of coffee ☕: ₹50
• Daily snacks 🍪: ₹50
• Monthly OTT Subscription 📺: ₹500
• Term Insurance Premium
(for ₹1 Cr cover, 30 yr old non-smoker)
🧑💼: Just ₹20-30/day!
That’s less than your daily chai & snacks! 🥪🍵 And it protects your entire family’s future.
Conclusion:
Don’t leave your family with EMIs and uncertainty 💳❌
Secure their tomorrow – with just the cost of your daily tea. 🍵
DM now to know how much cover you need!