something happens to you and your incomes stops or you die then your family should not be burdened with generating that incomes whatever your yearly salary is ideally
life insurance cover =20-25x of your annualy salary
for example:annual income =5,00,000
life insurance cover=25×5,00,000=1.25cr
FAQs About life insurance and how much save in india
How much does it cost for life insurance in India?
In India, a life insurance plan can be obtained between Rs. 30 to Rs. 40 per day, ensuring protection against any financial losses that may arise throughout your lifetime. Note: Know what is term life insurance first and then buy a term plan for your loved ones.
Conclusion
something happens to you and your incomes stops or you die then your family should not be burdened with generating that incomes whatever your yearly salary is ideally