Factors such as inflation, increase in life expectancy, current term cover, etc., could render your current term/life cover inadequate. Learn if you are adequately insured in this visual chart.

1. Term Insurance
ARE YOU ADEQUATELY
INSURED?
Factors to Consider to Be Future Ready
The duration of
your term cover
Current inflation &
Future Estimates
Life Expectancy Corpus that can
replace your monthly
Income
Lifestyle
preservation in
case of untimely
demise
Corpus required to
adequately support
family finances
Home loan
outstanding amount
for foreclosure
Large one-time
expenses - such as
child's higher
studies
Some Facts - To Determine your Term Plan Adequacy
74 Yrs
India's avg.
Life Expectancy
by 2020
3.3%
India's Insurance
Penetration in
2015
5.38%
Sources:
http://www.statista.com/statistics/271322/inflation-rate-in-india/
http://www.livemint.com/Politics/xziKtmtOxBJntZb41p2hDL/India-GDP-seen-surging-74-in-data-that-has-puzzled-
economi.html
http://articles.economictimes.indiatimes.com/2015-02-09/news/58967932_1_capita-income-constant-prices-central-
statistics-office
The rate of
inflation in
India in 2015
7.4%
India's GDP
Growth in
2014 - 15
India's Per
Capita
Income in
2014-15
88K
Spirallling Cost of Education
4.8 Lakhs
Estimated Cost of
Primary Education in
Private Schools
169%
Rise in Inflation in Primary
& Secondary Education
since 2005 - 2011
Current cost of
Engineering Education
in Private Institutes
8 - 10 Lakhs 18 - 20 Lakhs
Current cost of Medical
Education in Private
Institutes
Adverse Effects of Inadequate Term Cover
or more of a
family's income
is lost due to:
50% Serious
Injury
Serious
Ailment
Premature
death