How much term cover do I actually need?
Not a salary multiple. A number computed from your own EPF passbook, to the rupee, in writing.
No one ever explained this to you properly. That was never your fault.
“If my salary stopped tomorrow, who pays these?”
₹28,000
a month
Rent or home loan
The roof, every month
₹18,000
a month
Running the house
Food, power, transport
₹12,000
a month
School fees
Books, bus, uniforms
₹7,000
a month
Parents' medicines
The bill nobody plans for
About ₹65,000 a month, every month.
These bills don't pause for anything, so the real question is: who pays them if your salary can't?
“Doesn't my PF already cover that?”
Everyone assumes so. We read EPF passbooks for a living, so we checked a real one. A client of ours: 32, wife and one child, eight years of service.
If something happened to him, what would EPFO send his family each month?
₹2,143
a month. That's the family pension.
Roughly the electricity bill. Then the month keeps going.
“And everything else EPFO owes, all counted?”
Counted. PF savings, the EDLI insurance, the pension. Together about ₹22.5 lakh.
For the same home and the same school, his family would need close to ₹2 crore.
The gap: about ₹1.72 Cr.
His numbers, honestly computed. Yours will differ. That is exactly what the free review is for.
“So what actually closes a gap like that?”
A term plan. You pay a small amount each year. If you pass away during the term, your family gets a large one, enough to close the gap.
And if nothing happens to you? You get nothing back.
That's not a trick. It's exactly why it costs so little. Like a helmet you never crashed in: you don't feel cheated. You feel lucky.
Still, if you're looking for term with investment that's tax-free too, we have it.
“Okay, how little?”
≈ ₹55 a day
That's what closing the whole gap costs at 32. One auto ride.
And it never gets cheaper than today. The price locks at the age you start.
“What do I actually get from you?”
1
Your number, in writing
The full gap calculation from your passbook. Every line visible, yours to keep.
2
2-3 plans, explained
A short shortlist with exclusions in plain words, never forty confusing options.
3
The disclosure audit
Your proposal filed properly, so no claim dies years later over a rushed form.
And after the sale we stay: renewal reminders, an annual review, and claim-time support.
Asked before every term decision
Cover amounts, why nothing comes back, and the paperwork that decides whether a claim is paid.
The common thumb rule is 10-15 times your yearly income, till retirement age, not till 99. We do it more precisely: we compute what your family would actually receive from EPFO, subtract it from what they would need, and recommend cover for the gap. You see every line of the working, in writing.
Because the "nothing back" is exactly what makes it work. Plans that refund your money cost 50-100% more. And the refund is just your own money returned, without growth. Term insurance is like a helmet: you do not feel cheated for never crashing. Pay the small amount, invest the difference, and your family ends up with both protection and wealth.
Probably less than you think. Most savings-type policies (endowment, money-back, ULIPs) carry only a few lakh of life cover. The test is simple: would that amount run your home for twenty years? Savings and protection are different jobs. We will show you both of your numbers, side by side, without judgement.
Before your proposal goes to the insurer, we sit with you and put every health fact on the form. Properly, in writing. Most claim rejections are planted on day one by a form an agent rushed through. An honest, complete proposal is the single strongest claim-protection that exists, and it costs nothing.
Sometimes. Riders are add-ons, priced small and useful in specific situations: an accidental-death rider for high-commute lives, a premium-waiver rider almost always. We recommend them only where your situation earns them; a clean base term plan comes first, always.
Fifteen minutes to your family's exact number.
No jargon. No pressure. No calls you didn't ask for.
Sources
- 1.The ₹2,143 pension and ₹22.5 lakh total: computed from the EPS-95 formula and EPFO's EDLI rules for the profile shown.
- 2. Cost figures indicative as of August 2026; what you pay varies by insurer, age and health.