Full explanation
Quick estimate: 10–12x annual income as sum assured. More precise: DIME method = Debt (all outstanding loans) + Income replacement (annual income × years to retirement) + Mortgage (home loan balance) + Education (children's education costs) minus existing assets and current insurance. A 30-year-old earning ₹15 lakh/year typically needs ₹1.5–2 crore cover. Buy term insurance early — premiums are 40–50% lower at 30 vs 40. Use the term life cover calculator for your exact number.