How Much Term Insurance Do You Really Need?

Insurance · By Quantora Research Desk · 2026-10-30

A simple needs-based framework to size life cover around income, liabilities and family goals.

Start with the purpose

Term insurance exists to replace your income for your dependants if you are not around. That makes it a protection tool, not an investment.

A needs-based approach

Add up the income your family would need for the years they depend on you, your outstanding loans, and the cost of key future goals such as children's education. Subtract existing cover and liquid savings. The result is an indicative cover requirement.

Review regularly

Your cover needs change with marriage, children, a home loan or a salary jump. Revisit your protection plan every few years.

This article is educational. Insurance is the subject matter of solicitation. Read policy documents carefully before buying.