Term Life Insurance

Pure protection for your family's income if you are no longer there. High cover, low cost — the only life insurance most people need.

Health Insurance

Comprehensive family floater cover beyond your employer's group policy. Critical in a city where medical costs are India's highest.

Critical Illness

Lump-sum payout on diagnosis of cancer, heart attack, stroke — covers income loss and non-hospitalisation recovery costs.

Most Indians are either underinsured or over-insured in the wrong products. A ₹50 lakh term plan when you need ₹2 crore. A health insurance policy with a ₹3 lakh sum insured in a city where a single hospitalisation can cost ₹5–10 lakh. An endowment policy that returns 4% while your family assumes it's protected

Insurance is not about buying products — it is about identifying risks, quantifying them honestly, and covering them with the most cost-efficient instruments available. At Arthabodhi, we are not insurance agents. We are advisors who review your insurance as part of your holistic financial plan

The Four Insurance Pillars Every Family Needs

Disability / Income Protection

Often ignored — pays monthly income if you are unable to work due to injury or illness. Especially important for self-employed professionals.

Home Loan Insurance

Decreasing term cover aligned to your outstanding loan — so your family inherits an asset, not a liability.

Super Top-Up Cover

Affordable way to increase health cover to ₹25L–50L without paying full premium for a large base policy.

Term + Critical Illness Combo

Protects against both premature death and serious illness — without overlap or expensive bundling.

How Much Term Life Insurance Do You Actually Need?

The most common formula used by advisors is 10–15x your annual income. But in Mumbai, where household debt (home loans, car loans) is often high and both spouses may be working, the calculation is more nuanced:

  • Income replacement: 10–15x your annual take-home salary
  • Outstanding liabilities: full outstanding amount on home loan, car loan, personal loans
  • Children's future expenses: education and marriage costs (inflated to future value)
  • Minus: existing assets and investments your family can liquidate

For a Mumbai professional earning ₹15–20 lakh per year with a home loan, the recommended cover is typically ₹1.5–2.5 crore — not the ₹50 lakh most people buy because it seemed affordable.

Products to Avoid — The Most Common Insurance Mistakes in India

These are products that are aggressively sold in India but rarely in your best interest:

  • ULIPs (Unit Linked Insurance Plans) — combine insurance and investment poorly, with high charges eating your returns for the first 5 years
  • Endowment and money-back policies — marketed as savings + protection, deliver neither adequately; typical returns are 4–5% over tenure
  • High-premium accident insurance from banks — often bundled with loans, provides very limited actual cover
  • Insurance policies bought purely for 80C tax saving — a ₹1.5L premium policy giving ₹45K tax saving is rarely better than an ELSS that also compounds your wealth

Your Employer's Group Health Insurance Is Not Enough

Most corporate employees based out of Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kolkata  assume their employer's health policy is sufficient. It rarely is. Group policies:

  • Cease the moment you resign, are retrenched, or the company changes its policy provider
  • Often have sub-limits on room rent, specific treatments and day-care procedures
  • Cover only hospitalisation — not pre and post-hospitalisation expenses, OPD, or outpatient costs
  • Do not cover parents above age 65 in many cases

A personal family floater plus a super top-up is the combination we typically recommend for all salaried professionals. It costs significantly less than you think.

Arthabodhi's promise on insurance advice

We recommend only what you and your family needs.

We review your existing policies and tell you honestly what to keep, upgrade or surrender

We work with all major Indian insurers — HDFC Life, ICICI Prudential, LIC, Niva Bupa, Star Health — and recommend based on claim settlement ratio and features.

Insurance review is included as part of your complete financial plan — not sold as a standalone product

AMFI registered advisor with 25+ years of protecting Indian families financially

Get Your Insurance Gap Analysis

We'll review your existing cover and tell you exactly what you have, what you're missing, and how to fix it cost-effectively.

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