Скачать или смотреть Should you REALLY get a Rs.1 CRORE Cover? What Insurers Don't Tell You About Term Insurance | Ditto

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Choosing the right Term Insurance cover isn’t just about picking a big number — it’s about understanding your life stage, financial responsibilities, future goals, and the people who depend on you. An inadequate Life Insurance policy can leave your family struggling with EMIs, school fees, and daily living costs. On the flip side, overpaying for an excessively large Term Life Insurance plan can strain your finances today without adding real benefit.

In this video, we explain how to calculate the right cover for your Term Insurance Plan using a simple 6-step framework. It starts with estimating income replacement, factoring in future financial goals, liabilities like home or personal loans, and most importantly, adjusting for inflation. A good Term Life Insurance policy should last you until your retirement — typically till age 60 or 65 — and should be enough to support your family even in your absence.

Let’s say you’re 30, earning ₹10 Lakhs a year, with ₹40,000 in monthly expenses and a ₹20 Lakh loan. Using financial modelling, we calculate the present value of future household expenses factoring in 5% inflation and assumed 5% returns. Turns out, you’d need about ₹2.1 Cr just to maintain lifestyle expenses till retirement. Add ₹20 Lakhs for the loan, and your Term Insurance cover needs to be ₹2.3 Cr. Already have a ₹50 Lakh Life Insurance plan? Subtract that, and your remaining cover gap is ₹1.8 Cr. This is the kind of clarity most people don’t have while buying Term Life Insurance, and it’s exactly what we’re helping you figure out.

Still unsure about your number? Book a free consultation with Ditto. We’ll calculate the exact term cover you need based on your income, city, liabilities, dependents, and inflation. Our advisors don’t sell, they help. Book now: https://ditto.sh/zwuaoa

We also bust common myths — like relying only on employer-provided Life Insurance, or ignoring inflation while calculating future costs. We show you why choosing a Term Insurance Policy with too long a tenure often leads to inflated premiums without added benefit. And why reviewing your Term Life Insurance amount after major life events — like getting married or buying a house — is so crucial.

This isn’t just about protection. It’s about peace of mind. A well-calculated Term Insurance Plan gives your loved ones the financial confidence to continue life without setbacks. It ensures that loans are paid off, goals are met, and dignity is preserved — all without them having to compromise or liquidate long-term investments.

And if you’ve delayed buying Term Insurance assuming you’ll afford more later — bad news. Premiums shoot up with age and health risks. A 30-year-old non-smoker might get a ₹1 Cr cover for just ₹700/month. Wait till 40, and that becomes ₹1,500/month or more. Delaying Life Insurance is not just risky, it’s expensive.

At Ditto, we help you understand the numbers, compare the top Term Insurance Plans, and pick one that fits you perfectly. Whether you’re evaluating HDFC Life Click 2 Protect Super, ICICI iProtect Smart, or Bajaj eTouch II, we compare them all — side by side — so you can choose confidently.

Want to know your ideal cover and premium instantly? Book a FREE 1:1 call now: https://ditto.sh/zwuaoa

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