We suggest, your term insurance cover should be about 10-12 times your annual income. For e.g.: if you are earning ₹ 7.5 lakh per annum, you must secure yourself with a cover of about ₹ 75 lakh. Additionally, you may also consider the following liabilities if applicable: I. Loans & Liabilities II. Children’s Education Cost A simple rule of thumb for calculating Sum Assured in a Term Insurance policy is - Minimum Sum Assured = Annual Income x 10 times + Loans/Liabilities$$