The math behind why young startup employees are underinsured by over Rs 1 Cr
Many young professionals assume their existing cover is sufficient. However, the question they need to ask is ‘how much term insurance do I need’, to adequately protect their family from outstanding liabilities and future financial goals.
Via YourStory
A life cover of Rs 50 lakh can sound substantial at 28. You may have just received an appraisal, begun an SIP, and perhaps taken a home loan with the confidence that your career is still on an upward curve. But life cover is not meant to reflect where your income stands today alone. It needs to account for the financial responsibilities your family would have to manage if your income stopped unexpectedly.
Consider a 28-year-old startup employee earning Rs…
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