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Insurance Done Right: Term Sizing, Riders Worth Paying For

Master term insurance planning with scientific coverage calculation, essential rider selection, and avoiding investment-linked policy traps for maximum family protection.

Published September 19, 202512 min read

Insurance Done Right: Term Sizing, Riders Worth Paying For

Buy insurance for protection, not as an investment. Keep it simple and adequate.

Term Sizing

  • 10 to 15 times annual income as a quick rule. Adjust for outstanding loans and future goals.
  • Pick a term that covers working years. Align premium payment mode to cashflow.

Riders That Often Make Sense

  • Accidental death and disability if your work or commute has risk.
  • Waiver of premium on disability or critical illness on a case by case basis.

Things To Skip

  • Investment linked plans for protection needs. Keep investing separate.

Tax Notes

  • Premiums can qualify under 80C and health premiums under 80D subject to limits.

Related Calculators

Insurance Calculator

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