Why Insurance Planning Matters
A single income earner with no life cover leaves their family financially exposed if the worst happens.
Medical inflation in India runs at 12–15% per year — health cover that was adequate in 2020 may not be today.
Critical illness means months without income — yet regular health insurance covers only the hospital bill.
Group employer cover disappears when you change jobs, retire or are laid off — at the worst possible moment.
Most individuals are either underinsured for life and health, or paying for products that deliver poor value.
The right protection mix prevents a life event from becoming a financial crisis for your family.
Our Insurance Planning Covers
How much life insurance do you actually need?
Use our Human Life Value (HLV) Calculator to estimate the right amount of life cover based on your income, obligations and dependents — in under 2 minutes.
Calculate Your HLVWho This Service Is For
Families with dependents who need adequate life and health protection in place
Salaried professionals who rely solely on employer group cover and need individual policies
Business owners needing personal, key-person and partnership protection cover
Home loan borrowers whose family would inherit the liability in their absence
Individuals nearing retirement who need to restructure cover for the post-income phase
Anyone who has never had a structured review of their entire insurance portfolio
What PlanUrDream Helps With
Human Life Value Analysis
Calculate the economic value of your earning years to determine the exact life cover your family needs — not just a thumb rule.
Term Insurance Planning
Select the right sum assured, policy term, and insurer based on your income, liabilities, and dependents. Pure term plans deliver maximum cover for minimum premium.
Health Insurance Review
Evaluate current health cover for adequacy, exclusions and gaps. Recommend individual or family floater plans with appropriate sum insured, co-pay and top-up structures.
Critical Illness Cover
Assess the need for a lump-sum critical illness rider or standalone plan — covering cancer, cardiac events, stroke and other major conditions that impact income and lifestyle.
Accident & Disability Cover
Review personal accident insurance for income protection in the event of permanent or temporary disability affecting earning capacity.
Family Protection Blueprint
Build a complete protection map for the whole family — covering income earners, dependents, home loan liabilities and future education needs.
Business Insurance
Advise on key-person insurance, partnership protection and professional liability cover for business owners and self-employed professionals.
Claim Planning Guidance
Understand what documentation is required at claim time, how to nominate correctly and how to ensure a smooth claim settlement for your family.
Annual Insurance Review
A structured annual check of your entire insurance portfolio — ensuring cover keeps pace with income growth, new liabilities and life stage changes.
Our Process
Review Existing Cover
Audit all current policies — life, health, accident — for cover, premium, exclusions and gaps.
Calculate HLV
Determine the right life cover amount based on income, liabilities and family obligations.
Identify Protection Gaps
Spot underinsurance, missing critical illness cover, outdated nominees and redundant policies.
Recommend and Implement
Recommend the right products, help with application and ensure all nominees are updated.
Annual Review
Review cover every year and after life changes — new loan, child, salary increase or retirement.
Illustrative Planning Scenario
Illustrative only. Not a guarantee of outcomes. Actual recommendations depend on individual circumstances, insurer terms and regulatory guidelines.
A 35-year-old professional with a home loan and two children
Annual income ₹18L · Home loan ₹40L outstanding · Employer group cover only · No individual health or term policy
HLV Calculation
Based on current income, expected salary growth, expenses and retirement at 60, the estimated HLV is ₹1.8 crore — the benchmark for life cover needed.
Gap Identified
Current employer group cover is ₹25L — covering only 14% of the HLV. No individual health policy. Home loan liability unprotected.
Term Plan Recommended
A ₹1.5 crore term plan is recommended for a 25-year term, covering the home loan and income replacement. Annual premium is well within budget.
Health Cover Structured
An individual health floater of ₹25L is recommended with a super top-up for an additional ₹50L. Critical illness rider added for cancer and cardiac events.
Annual Review Scheduled
A yearly review is scheduled to reassess cover as income grows, the loan reduces and children approach education age — adjusting the plan accordingly.
Frequently Asked Questions
How much life insurance cover do I actually need?
The required life insurance cover is typically calculated using the Human Life Value (HLV) method — the present value of your future income minus personal expenses, accounting for inflation and existing assets. A simple rule of thumb is 10–15 times your annual income, but the HLV approach gives a more accurate and personalised figure based on your family's actual financial obligations.
What is the difference between term insurance and endowment or ULIP plans?
Term insurance provides pure life cover — your family receives the sum assured if you die during the policy term, with no maturity benefit. It is the most cost-effective form of life cover. Endowment and ULIP plans combine insurance with savings or investment, resulting in much lower cover for the same premium. For most individuals, buying a pure term plan and investing the premium difference separately delivers better outcomes.
How much health insurance is enough for an Indian family?
Medical inflation in India runs at 12–15% per year. A minimum of ₹10–15 lakh individual cover or ₹25–50 lakh family floater is a sensible starting point in metro cities. Top-up and super top-up plans can increase cover at low cost. Employer group cover should not be relied upon as primary coverage — it disappears when you change jobs.
What is critical illness insurance and who needs it?
Critical illness insurance pays a lump sum on diagnosis of specified conditions — cancer, heart attack, stroke, kidney failure — regardless of hospitalisation costs. It covers income loss during treatment and recovery, which regular health insurance does not. Anyone with dependents or a home loan who relies on their income should seriously consider critical illness cover.
Should I rely on my employer's group insurance?
Employer group insurance is a useful benefit but should never be your primary coverage. It typically ceases when you resign, retire or are laid off — often at the worst possible time. Individual policies ensure continuous coverage regardless of employment status. Use employer cover as a supplement, not a substitute.
How do I know if I have the right insurance mix?
An insurance review checks whether your life cover aligns with your HLV, whether your health cover is adequate given current medical inflation, whether critical illness and accident covers are in place, and whether you are paying for products that are over-designed or duplicative. Many individuals are either underinsured for life and health or overinsured with savings-linked plans that deliver poor value.
What insurance does a business owner need beyond personal cover?
Business owners should consider key-person insurance (to protect the business from the financial impact of losing a critical individual), partnership or shareholder protection (to fund a buyout if a partner dies), and professional indemnity where relevant. Personal term and health cover remains essential regardless of business structure.
How often should I review my insurance portfolio?
An annual insurance review is recommended as a minimum. Additionally, review your cover after any significant life change — marriage, child birth, salary increase, home loan, retirement or a major health event. Cover that was adequate three years ago may no longer reflect your current obligations and lifestyle.
Related Services and Resources
Is Your Family Fully Protected?
Book an insurance review to find gaps in your current cover, calculate your HLV and build a protection plan that fits your life.