Calculate Your Perfect
Insurance Coverage
Stop guessing how much cover you need. Our data-driven calculators give you personalised recommendations for Term Life, Health, and Critical Illness insurance — based on your income, lifestyle, and family needs.
Calculate your ideal life insurance coverage amount
Find your ideal health cover based on city, family & hospital preferences
Lump sum cover for cancer, heart attack, stroke & 60+ illnesses
Calculate your ideal life insurance cover
Find your ideal health cover amount
Lump sum cover for 60+ critical illnesses
Protect Everything You've Built
Insurance is not an expense — it's the foundation of every solid financial plan. One unexpected event without coverage can wipe out decades of accumulated wealth in days.
Protect Your Income Stream
Your ability to earn is your biggest financial asset. A ₹10 L/year income over 25 years = ₹2.5 Cr+ in lifetime earning power. Term insurance protects this for just ₹750–1,500/month. No other financial product does this.
Medical Costs Are Exploding
Healthcare inflation in India runs at 10–12% p.a. A heart bypass costs ₹5 L today, ₹13 L in 10 years. One ICU day at a metro hospital: ₹20,000–₹50,000. Health insurance isn't optional — it's survival.
Critical Illness Risk Is Real
1 in 8 Indians will develop cancer in their lifetime. 1 in 4 suffer a cardiovascular event before 70. These illnesses cost not just medically but months of income and massive lifestyle adjustments that health policies don't cover.
Your Dependants Need You
If a spouse, children, or parents rely on your income, you have a moral obligation to protect them. ₹1 Cr term policy at ₹9,000/year. Invested at 9%, it generates ₹7.5 L/year in SWP — forever. That's security.
Which Insurance Do You Actually Need?
India's insurance market has dozens of products. Here's an expert breakdown of every major type — who needs it, what it covers, and what to watch out for.
Pure death benefit — pays full sum to nominee if you die during policy term. Zero investment component; 100% risk protection. The cheapest, most efficient life cover available anywhere.
Covers hospitalisation, surgery, and treatment. Family floater covers all members under one policy with cashless treatment at 7,000+ network hospitals nationwide.
Pays lump sum on first diagnosis of 36–60+ illnesses including cancer, heart attack, stroke, kidney failure. No bills required — money goes directly to you to use freely.
Combines life insurance with market-linked investment. Part of premium goes to insurance, part to equity/debt funds. High charges in early years; better alternatives usually exist.
Guaranteed regular income post-retirement from insurer-managed plans. Useful for those wanting certainty, but returns are typically 5–7% vs 10–12%+ from NPS or mutual fund SWP.
Covers accidental death, permanent/partial disability, and income loss due to accidents. Incredible value — ₹10 L cover for just ₹1,500–2,000 per year. Essential for frequent travelers.
6 Insurance Myths That Are Costing You
Dangerous misconceptions prevent millions of Indians from getting the right coverage. Here's the truth behind each one.
Insurance is PROTECTION, not investment. Money-back and endowment plans return 4–6% — far below inflation. Buy pure term insurance + invest the premium savings in mutual funds. Over 20 years, you'll be 2–3× wealthier at the same total outlay.
Group cover ends the day you leave or lose your job. Most employer covers offer only ₹2–5 L — barely enough for one major surgery today. Buying personal health insurance after 45 or with pre-existing conditions is very difficult. Buy your own policy NOW, not when you need it.
A 25-year-old buys ₹1 Cr cover for ₹7,000/year. The same person at 40 pays ₹24,000/year — 3.4× more, for the same cover. Waiting a single decade costs lakhs in extra premiums over the policy life. Insurance is cheapest precisely when you feel you don't need it yet.
₹25 L in an FD at 7% = ₹1.75 L/year — just ₹14,500/month. If your family needs ₹50,000/month, you need ₹85 L in an FD or ₹60 L earning 10%. Most Indian families are massively underinsured. Use our calculator above to find the right number for your specific situation.
Top insurers — LIC, HDFC Life, ICICI Pru, Max Life — settle 97–99.5% of all claims. The #1 reason for rejection? Non-disclosure at application. The golden rule: disclose every medical condition, habit, and family history honestly. Your nominee's future depends on your honesty at sign-up.
Health insurance pays the hospital. Critical illness pays YOU. When cancer strikes, treatment may cost ₹10 L — but your income stops for 12+ months. That's ₹12+ L in lost salary. Add lifestyle changes and specialist travel costs. CI cover fills exactly this gap that health insurance doesn't even touch.
How to File an Insurance Claim
Filing a claim is straightforward when you know the process. Here's exactly what your family needs to do — step by step.
Notify Insurer
Call the 24/7 claim helpline immediately. Get a reference number. For health, call before admission for cashless approval.
Collect Documents
Policy copy, death/medical certificate, ID proof, nominee's bank details. Submit attested copies — keep all originals safe.
Submit Claim Form
Fill completely and honestly. Submit online, at branch, or via your advisor. Attach all supporting documents at once.
Investigation
Large claims may require an investigator. Cooperate fully and provide additional documents requested within 7 days.
Settlement
IRDAI mandates settlement within 30 days of complete documents. Amount paid directly to nominee's registered bank account.
The #1 Rule: Always Disclose Everything at Purchase
The vast majority of rejected claims are due to non-disclosure at application — not insurer fraud. Every pre-existing condition, family history, tobacco or alcohol use, and occupation hazard must be disclosed truthfully. Hiding even minor details gives the insurer legal grounds to reject any future claim. Full disclosure is your duty — and your nominee's protection.
Term vs Health vs Critical Illness — At a Glance
Understanding how each type works together helps you build a complete, watertight protection plan at minimal cost.
| Feature / Criteria | Term Life Insurance | Health Insurance | Critical Illness Cover | ULIP / Endowment |
|---|---|---|---|---|
| Purpose | Family income protection | Hospitalisation costs | Critical illness lump sum | Insurance + investment mix |
| Who Needs It Most | Everyone with dependants | Every individual & family | Age 30+ / family history | Investors (but MF+Term better) |
| Trigger for Payout | Death of insured | Hospitalisation bill | Diagnosis of illness | Maturity or death |
| Payout Type | Lump sum to nominee | Reimbursement / cashless | Lump sum to policyholder | Maturity value / death benefit |
| Covers Income Loss | Yes (indirectly) | No | Yes (directly) | No |
| Covers Medical Bills | No | Yes | Partially | No |
| Typical ₹1 Cr Cover Cost | ₹9,000–15,000/yr | ₹18,000–28,000/yr | ₹12,000–22,000/yr | ₹50,000–2L+/yr |
| Returns on Survival | None (pure term) | None (protection) | None (protection) | Yes (but low at 4–7%) |
| Tax Benefit | 80C (premium), 10(10D) | 80D (₹25,000–50,000) | No direct deduction | 80C + 10(10D) |
| Recommendation | Buy First — Essential | Buy Second — Essential | Buy Third — Recommended | Usually avoidable |
10 Smart Insurance Buying Tips
Advice our advisors give every client before they buy their first policy. These tips can save you lakhs and prevent claim rejection.
Buy Term, Not Endowment or ULIP
Term insurance gives you 10–15× more coverage for the same premium. Buy pure protection, then invest the difference in mutual funds for wealth creation. You'll be significantly richer at retirement.
Disclose Everything — Every Single Time
Pre-existing conditions, family medical history, smoking, alcohol — disclose all. Non-disclosure is the #1 cause of claim rejection. Be completely honest even if it means a higher premium.
Avoid Room Rent Cap in Health Policies
A policy with a ₹3,000/night room rent cap will proportionally reduce all other claims too. If the actual room cost was ₹10,000, your surgery costs may be reimbursed at just 30%. Always choose plans with no room rent cap.
Check Claim Settlement Ratio Before Buying
IRDAI publishes annual CSR for every insurer. Always choose insurers with 97%+ claim settlement ratio. This single number tells you how likely your family is to actually receive the claim when it matters most.
Build a ₹50 L+ Total Health Cover Layer-by-Layer
Instead of one ₹50 L plan (expensive), buy a ₹15 L base + ₹35 L super top-up. Total cover: ₹50 L. Total cost: significantly lower. Super top-ups activate only after your base policy is exhausted — brilliant value.
Name Your Nominee Correctly — and Update Regularly
Ensure nominee name exactly matches government ID. Update nominee after marriage, divorce, or birth of children. A wrong or outdated nominee can cause massive delays in claim settlement for your family.
Cover Term Should Extend to at Least Age 60–65
Your term insurance should last until your youngest dependant becomes financially independent AND your retirement corpus is fully built. Most people need cover till 60–65 at minimum. Don't choose a 15-year term if you're 35.
Reassess Your Coverage Every 3–5 Years
Your income, loans, and family situation change significantly over time. A cover that was adequate at 30 may be woefully insufficient at 40. Review and top up every major life event — marriage, home loan, new child, income jump.
Store All Policy Documents Digitally and Accessibly
Upload all policies to DigiLocker and share policy numbers with your spouse/parents. A claim filed without knowing the policy number can take months. Your family needs instant access — not a paper hunt during grief.
Never Miss a Premium — Use Auto-Pay / ECS
A lapsed policy may have a grace period but eventually voids all coverage. Set up ECS or standing instructions to pay premiums automatically. The cost of reinstating a lapsed policy with new medical tests can be enormous.
Buy in this exact order. Each level protects a different risk.
Term Life Insurance
Income replacement for your family if you're gone. This is non-negotiable if anyone depends on you financially.
Health Insurance
Protects your savings from medical emergencies. One ICU hospitalisation can wipe out years of savings without this.
Critical Illness Cover
Pays you a lump sum on diagnosis to replace lost income during recovery. Health policy covers hospital; CI covers your life.
Personal Accident Cover
Covers disability from accidents — the one risk term insurance misses. Costs just ₹1,500–2,000/year. Excellent value.
Super Top-up (Health)
Extends your health cover to ₹50 L+ at a fraction of direct plan costs. Best value add-on in Indian insurance.
Insurance Questions — Answered
Everything you need to know about choosing, buying, and claiming insurance in India — answered plainly without jargon.
Get Expert Insurance Advice — Free
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