What is Insurance Planning?

Insurance planning is about protecting your family from financial devastation if something happens to you. It's not about investments or returns—it's pure risk cover. If you're the breadwinner and something happens, your family needs money to maintain their lifestyle, pay off loans, fund children's education, and cover daily expenses without you.

Most Indians are either under-insured (insufficient cover) or mis-sold (expensive investment-linked policies instead of pure term insurance). We help you get adequate protection at the lowest cost through unbiased, need-based planning. Our goal: maximum coverage for your family at minimum premium—no commission bias, no overselling.

Why Insurance is Non-Negotiable

₹1 crore term insurance costs only ₹12,000-15,000/year for a 30-year-old. That's ₹1,000/month to protect your family's entire future.

Without insurance: Your family inherits your debts (home loan, car loan) but no income. They'll sell assets, deplete savings, or depend on relatives.

Health insurance: One hospitalization can wipe out years of savings. ₹5L health cover costs ₹15k-20k/year—far less than a single major surgery bill.

Peace of mind: Insurance isn't for you—it's for those you leave behind. It ensures they maintain dignity and lifestyle even without you.

Term Insurance

Pure life coverage with highest sum assured at lowest premium. No investment, no maturity benefit—only protection.

Health Insurance

Medical expense coverage for hospitalization, surgeries, treatments. Cashless facility at network hospitals.

Critical Illness

Lump sum payout on diagnosis of serious ailments like cancer, heart attack, stroke. Covers treatment and income loss.

Needs Analysis

Scientific calculation of right coverage amount based on income, expenses, loans, dependents, and future goals.

Types of Insurance You Need

Comprehensive protection through the right insurance products

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Term Life Insurance - #1 Priority

Pure protection plan that pays lump sum to family if you die during policy term. No maturity benefit, no returns—just maximum coverage at minimum cost.

  • Coverage needed: 10-15 times annual income (₹50L income = ₹5-7.5 crore cover)
  • Premium: ₹12k-20k/year for ₹1 crore cover (30-year-old male)
  • Duration: Till retirement age (25-30 years term)
  • Riders: Add accidental death, critical illness, waiver of premium
  • Best for: Primary breadwinner with dependents

Health Insurance - Essential

Covers hospitalization expenses, surgeries, room rent, ICU, medicines, treatments. Cashless facility at network hospitals means no upfront payment stress.

  • Coverage needed: Minimum ₹5 lakhs per person; ₹10L+ recommended for metro cities
  • Family floater: Single policy covers entire family (cheaper than individual policies)
  • Top-up plans: Add extra coverage cheaply (₹10L base + ₹20L top-up = ₹30L total cover)
  • Premium: ₹15k-30k/year for family of 4 (₹5L-10L cover)
  • Key features: Pre/post hospitalization, day-care procedures, ambulance, no-claim bonus

Critical Illness Insurance

Lump sum payout on diagnosis of specified critical illnesses like cancer, heart attack, kidney failure, stroke, organ transplant. Use money for treatment, recovery, or income replacement.

  • Coverage needed: ₹25-50 lakhs (covers treatment + 2-3 years expenses)
  • Premium: ₹8k-15k/year for ₹25L cover
  • Conditions covered: 30-40 critical illnesses typically included
  • Benefit: Receive lump sum within 30 days of diagnosis, independent of actual expenses
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Accidental Death & Disability Insurance

Additional payout if death occurs due to accident. Also covers permanent/partial disability. Very cheap—₹2-3k/year for ₹1 crore cover. Often taken as rider with term insurance.

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Senior Citizen Health Insurance

Specialized health plans for parents above 60 years. Pre-existing diseases covered after waiting period. Higher premiums (₹30k-60k/year) but essential given medical needs at that age. Some plans go up to age 99.

Common Insurance Mistakes

Avoid these costly errors that leave families vulnerable

❌ Buying Investment-Linked Insurance (ULIPs, Endowment)

Worst mistake! These give low insurance cover + low returns (4-6%). For ₹50k premium: get only ₹10L cover + poor returns. Instead: ₹15k term insurance (₹1 crore cover) + ₹35k in mutual funds (12% returns). Separate insurance and investment always!

❌ Insufficient Coverage

Having only ₹25-50 lakhs cover when you need ₹1-2 crores. Your family can't maintain lifestyle with insufficient cover. They'll burn through it in 2-3 years. Rule: 10-15x annual income. Don't worry about premium—term insurance is dirt cheap for adequate cover.

❌ No Health Insurance or Too Low Coverage

Either no health insurance or only ₹2-3 lakh cover from employer (insufficient for major surgery). One ICU admission costs ₹5-10 lakhs. Get your own ₹10L+ family floater. Don't rely solely on employer cover—you lose it when you change jobs or retire.

❌ Hiding Medical History

Not disclosing pre-existing conditions or past treatments to save premium. Claim gets rejected when insurer investigates. Always declare everything honestly. Yes, premium increases, but claim is guaranteed. Better to pay ₹5k more/year than lose ₹50L claim.

❌ Delaying Insurance Purchase

"I'll buy when I'm 35-40" mentality. Premium increases 5-8% every year you delay. A 25-year-old pays ₹10k/year; same cover costs ₹18k at 35. Plus, you may develop health issues making you uninsurable. Buy term insurance at youngest age possible.

❌ Not Reviewing Coverage Annually

Bought ₹50L cover 10 years ago, never increased. Your income doubled, you have 2 kids now, home loan—but cover remains same. Review insurance annually. Increase cover when income increases, when you marry, have children, or take loans.

Unbiased Insurance Advice = Right Protection

We analyze your needs scientifically and recommend adequate coverage at minimum cost—no commission bias, no overselling.

Get Free Insurance Assessment

Our Insurance Planning Process

Scientific approach to determine right coverage and products

1

Life Stage & Dependency Analysis

Understand your current situation: Age, income, family structure, dependents (spouse, children, parents), loans, assets. Who relies on your income? What happens to them if you're not there? This determines insurance priority and coverage needed.

2

Life Insurance Coverage Calculation

Calculate required term insurance using Income Replacement Method: (Annual income × years to retirement) + Loans + Future goals (kids' education) - Existing assets. Typically 10-15x annual income. Example: ₹8L income = ₹80L-1.2 crore cover + loans + education corpus.

3

Health Insurance Needs Assessment

Determine health cover needed based on family size, city (metro vs non-metro), existing conditions. Minimum ₹5L per person; ₹10L+ for metros. Consider family floater + top-up for cost efficiency. Include parents with separate senior citizen policy. Factor in inflation—medical costs rise 10-15%/year.

4

Product Comparison & Selection

Compare top insurers for term insurance: LIC, HDFC Life, ICICI Pru, Max Life, SBI Life. Evaluate claim settlement ratio (95%+), premium, riders, policy terms. For health: Compare HDFC Ergo, Star Health, Niva Bupa, Care Health. Select best products for your specific needs and budget.

5

Medical Checkup & Proposal

Guide through proposal form—full disclosure of medical history is mandatory. Arrange medical checkup if required (usually for high cover or age 45+). Help with documentation: ID, address proof, income proof, medical reports. Complete proposal accurately to avoid claim rejection later.

6

Policy Issuance & Documentation

Policy issued within 15-30 days after medical clearance and proposal approval. Verify all policy details: name, address, sum assured, term, nominee, premium. Keep policy documents safe. Share details with family members. Set up auto-debit for hassle-free premium payment.

7

Annual Review & Coverage Enhancement

Review insurance annually: Is coverage still adequate? Income increased (top up cover)? New loans taken (increase cover)? Health issues developed (need critical illness cover)? Marriage, child birth = immediate coverage increase needed. We proactively remind and help with enhancements.

Sample Insurance Plans by Life Stage

Recommended coverage and approximate annual premiums

Young Professional (25-30 years, Single)

Term Insurance (₹1 crore, 35 years) ₹10,000/year
Health Insurance (₹5L individual) ₹7,000/year
Total Annual Premium ₹17,000/year

That's just ₹1,417/month for ₹1 crore protection! Start early when premiums are lowest.

Married with 2 Kids (35 years, ₹12L income)

Term Insurance (₹2 crore, 25 years) ₹28,000/year
Health Insurance (₹10L family floater) ₹18,000/year
Critical Illness (₹25L) ₹10,000/year
Total Annual Premium ₹56,000/year

₹4,667/month to protect ₹2 crore life cover + ₹10L health + ₹25L critical illness. Essential for family security.

Senior Professional (45 years, ₹20L income, aging parents)

Term Insurance (₹3 crore, 15 years) ₹65,000/year
Health Insurance (₹15L family floater + ₹20L top-up) ₹30,000/year
Parents Health Insurance (₹5L each) ₹50,000/year
Critical Illness (₹50L) ₹25,000/year
Total Annual Premium ₹1,70,000/year

₹14,167/month for comprehensive protection. Higher premium due to age, but essential coverage for peak earning years.

Note: These are indicative premiums. Actual cost varies based on age, health status, smoking habits, coverage amount, and insurer. We provide personalized quotes from multiple insurers for best rates.

Ready to Protect Your Family?

Get a free insurance needs analysis and personalized coverage recommendations. Ensure your family's financial security today.

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