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SBI life term insurance - How to Choose the Right Sum Assured for Life Insurance 750[271Cr?3c Choosing your sum assured isnt guesswork-Its math + logic Lets break it down Use the Human Life Value (HLV) Formula] Working Years Left HLV= Annual Income x Example: 710Lincome * 25years = 72.5Cr coverase Factor in Liabilities LOAN 2 Home loan, education loan, personal loan Your cover should clear all debts if something happens Account for Family s Monthly Needs 3 Multiply monthlyexpenses x 12 *15-20 years Ensures your dependents maintain lifestyle Consider Inflation 4 R1Cr today <71Crafter 15 years Add buffer for rising costs Don't Forget Future Goals 5 5 Kids education marriage retirement for spouse Your policy should fund these ifyou re not around Pro Tip: If 're unsure, start with ২1Cr you' and upgrade as vour income grows Pls Call for UR Term Plan How to Choose the Right Sum Assured for Life Insurance 750[271Cr?3c Choosing your sum assured isnt guesswork-Its math + logic Lets break it down Use the Human Life Value (HLV) Formula] Working Years Left HLV= Annual Income x Example: 710Lincome * 25years = 72.5Cr coverase Factor in Liabilities LOAN 2 Home loan, education loan, personal loan Your cover should clear all debts if something happens Account for Family s Monthly Needs 3 Multiply monthlyexpenses x 12 *15-20 years Ensures your dependents maintain lifestyle Consider Inflation 4 R1Cr today <71Crafter 15 years Add buffer for rising costs Don't Forget Future Goals 5 5 Kids education marriage retirement for spouse Your policy should fund these ifyou re not around Pro Tip: If 're unsure, start with ২1Cr you' and upgrade as vour income grows Pls Call for UR Term Plan - ShareChat

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