Health & Life Insurance: How Much Cover Do You Really Need? Expert Explains

How much insurance cover should you actually have? For health insurance, experts suggest maintaining a base cover of at least ₹5 lakh, with a ₹10 lakh base and super top-up offering a more cost-effective approach as healthcare costs rise. Deepak Yohannan, Insurance Expert, explains why large base covers can become expensive with age and how super top-ups can provide protection against major medical bills. For life insurance, he recommends term insurance worth around 20–25 times your annual income and suggests buying cover at a younger age, preferably before 45, when premiums and eligibility can be more favourable.