Article

Sum Assured
June 07 , 2012

Sum Assured or Life Cover is the amount that a nominee in a Life Insurance Policy gets, in the unfortunate event of death of the policy holder. There are two useful thumb-rules to remember:

  1. For every earning person having dependents, a sum assured of 4-8 times annual income is a must - if yours is less, make sure you top it up to this amount through a good Term Insurance Plan
  2. If a policy has Sum Assured less than 50 times the annual premium, it is probably not worth taking. This usually happens because the policy tends to combine insurance with investment and has extremely high charges.

Fintotal Knowledge the best place to learn more on personal finance.

The language is simplified and written specially for non finance background individuals.


Explore more in a easy manner.

Table of Contents

Table of Contents

  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed
  • No Article Listed

Get the all financial products under one roof only at

you will NEVER GO WRONG with us!

Unbiased . Best Deals . Appropriate Products . No Mis-selling