Am I Adequately Insured?
See one coverage score for term, health, and critical illness cover — sized against income, dependents, and liabilities, with the biggest gap called out first.
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Am I Adequately Insured?
Size life, health, and critical illness cover from a single place — the headline is one weighted coverage score.
Income replacement assumptions
Underwriting factors
Overall coverage score
7.4%
You are critically under-insured
Multiple covers fall well short of the benchmark — this is the first thing to fix.
Close the term cover gap
Overall coverage score
7.4%
Term cover gap
₹6.3Cr
Health cover gap
₹40L
Critical illness gap
₹54L
Estimated annual premium (all covers)
₹29,893
Term cover
7/100₹6.8Cr
Recommended cover
Health cover
11/100₹45L
Recommended cover
Critical illness
0/100₹54L
Recommended cover
Next best actions
The result hints at what to look at next. Each link carries your current numbers so you never re-enter them.
Close the term cover gap
Term cover protects dependents' income; close the biggest gap first.
Add a critical illness cover
Critical illness pays a lump sum for major diagnoses so you can stop working during recovery.
Raise your health cover
Hospitalisation costs compound with medical inflation — size the right cover before shopping quotes.
What moves the result most
Holding everything else fixed, here is how the headline shifts when each input swings by a typical range.
Assumptions
The recommendation stays blunt, but the assumptions remain visible.
- Score is a weighted average of term (0.438), health (0.375), and critical illness (0.188) adequacy scores — renormalised from the base ADEQUACY_WEIGHTS because the hub does not collect emergency-fund data.
- Per-cover adequacy scores are capped at 100 so surplus cover does not over-reward the average.
- Hub assumes a tier-2 city for health benchmarking, no pre-existing conditions, no employer CI cover, and no disclosed family history. Use the individual calculators for precise personal quotes.
FAQ
The follow-up questions people usually ask after the main recommendation is already clear.
What does 'adequately insured' mean in India?
Being adequately insured in India means your combined coverage stack — term life, health, and critical illness — sizes up to your income, dependents, and real treatment costs. IRDAI-aligned benchmarks suggest term cover of 10-15× annual income, a ₹10L family-floater health policy (₹5L in tier-2 cities) with a super top-up in metros, and a ₹10-25L critical-illness rider where family medical history or tobacco use raises your personal risk.
How is the insurance coverage score calculated?
The coverage score is a weighted average of three adequacy sub-scores — term cover (44%), health cover (38%), and critical illness (18%) — renormalised from the base ADEQUACY_WEIGHTS because this hub does not collect emergency-fund data. Each sub-score measures how close your current cover is to the recommended benchmark for your income, city, and dependents. Emergency-fund adequacy is tracked separately inside the am-i-on-track hub.
Do I need critical illness cover if I already have health insurance?
They solve different problems. Health insurance reimburses hospital bills — bed, surgery, drugs, room charges — after admission and within network limits. A critical-illness policy pays a lump sum on diagnosis of a listed illness (cancer, heart attack, stroke, kidney failure) with no requirement to produce medical bills. That lump sum replaces the 6-18 months of lost income during recovery, experimental treatments, or out-of-network costs that hospital-bill insurance was never designed to cover, which is why the two products are complementary rather than duplicates.
How much term insurance and health cover do I actually need?
For term life, target 10-15× annual income as sum assured — enough to clear outstanding loans and replace 15-20 years of your family's expenses under the human-life-value rule. For health, a ₹10L family floater is the 2026 IRDAI-aligned metro minimum (₹5L in tier-2 cities), ideally stacked with a ₹25L super top-up at a ₹10L deductible to cover the genuine worst-case hospitalisation without paying full-price premium for a high base.