INSURANCE FOR EACH LIFE STYLE

25 YEARS-SINGLE & EMPLOYED

Life insurance
If you have no financial dependents, you don’t
need to buy a life cover, but if you support
someone or have taken an education loan , you
may need one. The best option would be an
online term plan till retirement. The amount
should be 5-6 times your annual salary. If you
are a non smoker male with a monthly salary
of Rs. 30000:
COVER ANNUAL PREMIUIM TERM
RS 20 LAKH RS 3,400 30 YEARS
Health insurance
You’re likely to be covered by your employer’s
group insurance, but given the rising cost of
medial care and the fact that you could be
coverless between jobs, it’s better to have
your own medical insurance .Beside ,the
premium will be lower at this age.

COVER ANNUAL PREMIUM TERM

RS 3 LAKH RS 4,000 1 YEAR
Personal accident & disability covers
Don’t write off this cover as superfluous since
it’s probably one of the most important ones
you need once you start working. It will help
ward off any loss of income due to a mishap;
including partial/total or
temporary/permanent disability.
ACCIDENT COVER ANNUAL COVER
RS 25 LAKH RS 1,500

DISABILITY COVER ANNUAL PREMIUM

RS 25 LAKH RS 1600
 30 YEARS-MARRIED NO KIDS
Life insurance
If your salary has risen to Rs 45,000(approx 10%
a year) and your spouse is working , you will
need to raise your cover . Instead of a fresh
cover , you can also pick a top-up plan, with a
lower premium.

COVER ANNUAL PREMIUM TERM

RS 30 LAKH RS 4,200 30 YEARS
If your spouse is 27 years old, non smoking and employed , with a
salary of Rs 35,000 per
month:

COVER ANNUAL PREMIUM TERM

RS 20 LAKH RS 3,400 30 YEARS

If your spouse is non-working , buy a cover for yourself

COVER ANNUAL PREMIUM TERM

RS 50 LAKH RS 4,700 30 YEARS
Health insurance
Convert your policy into a family floater plan ,
which will cover both you and your spouse at
a lower premium than individual plans.
COVER ANNUAL PREMIUM
RS 3 LAKH RS 4,800

Personal accident & disability covers

ACCIDENT COVER ANNUAL PREMIUM

RS 25 LAKH RS 2,000
Property insurance
You may not have a house of your own, but
cover the contents of your house, including
electronic gadgets , jewellery , etc.

COVER ANNUAL PREMIUM

RS 5 LAKH RS1600
 35 YEARS –MARRIED,WITH KIDS
Life insurance – If your income is now
Rs7,500(approx 10 % a year),you have 2 kids,
aged 6 and 4, and have taken a Rs 30 lakh
home loan, a car loan of Rs 4 lakh , your cover
should be :
COVER ANNUAL PREMIUM TERM
RS 80 LAKH RS 9,500 25 YEARS

If your spouse’s salary has risen to Rs 55,000 a

month(10 % a year):
COVER ANNUAL PREMIUM TERM
45 LAKH RS 6,500 30 YEARS
• If you want to plan for your kid’s
education/marriage , buy a child plan. While it
offers a cover and a lump sum on maturity, the
premium is high. For your 4 year old, it will
yield Rs 10-14 lakh on maturity .

COVER ANNUAL PREMIUM TERM

RS 40 LAKH RS 60000 15 YEARS
Health insurance – At this stage, you will need
to increase the cover of your family floater
plan to include your children. Also consider a
critical illness rider, which will cover the risk
cancer, heart attack, etc. It takes care of the
costly treatment and loss of income.
COVER ANNUAL PREMIUM
RS 5 LAKH RS 10,000

CRITICAL ILLNESS ANNUAL PREMIUM

RS 5 LAKH RS 3,000
Personal accident & disability covers
Continue with your existing covers.

Property Insurance
If you've bought a house worth Rs 40 lakh,
insure it against damage. You’ll also have to
review the contents and raise the cover, if
needed.

COVER(STRUCTURE & CONTENT) ANNUAL PREMIUM

Rs 50 LAKH RS 5,000
 45-50 YEARS
MIDDLE AGE, OLD AGE
• LIFE INSURANCE
During these years you are unlikely to need fresh
insurance unless you take a loan or act as guarantor for
your child’s education loan. It will also be the period
when you start to cash in on your endowments policies
or child plans. So continue with your existing cover.
COVER ANNUAL PREMIUM
Rs 80 LAKH RS 9500

SPOUSE COVER ANNUAL PREMIUM

Rs 45 LAKH RS 6,500
 Health Insurance
• This is the critical period since you are likely to start
facing medical problems. To ensure you retain the health
cover and critical illness rider/cover, pay the premium so
that the policy does not lapse. If it does, you will have to
pay a high premium, take medical tests and pre-existing
diseases will be covered only after the waiting period.

COVER ANNUAL PREMIUM

Rs. 7. 5 LAKH RS 20000

SPOUSE COVER ANNUAL PREMIUM

Rs 5 LAKH RS 4,500
 60 YEARS
Retirement
• Life Insurance
By this time you would have stopped earning, your
child would be financially independent, most of your
liabilities, including loans and debts, would have been
paid, and you would have built assets. So when the
life’s cover term ends, you wont need to buy more.

COVER : NIL
 Health Insurance
• This is the most crucial period for your health
as your medical expenses are likely to
comprise a big chunk of your outflow. So,
ensure your premiums are paid regularly.

COVER 10 LAKH.
ANNUAL PREMIUM : Will vary depending on claims
• Personal accident and disability covers.
Since you would have stopped working and
would have sufficient assets by now, you wont
need to buy a fresh plan.
COVER: NIL

• Property Insurance
Do not end this policy as you need to protect
your property and its contents at all times.
Review to account for inflation and increase in
contents
COVER (STRUCTURE AND CONTENT) : Rs 60 LAKH
ANNUAL PREMIUM : Rs 6200