A term insurance plan is meant to replace your income if life takes an unexpected turn. But the most common question people face is: how much cover is enough? Picking a random figure may leave your family under-protected or lead you to pay higher premiums than necessary. The smart approach is to calculate cover thoughtfully, using tested methods that balance today’s needs with tomorrow’s uncertainties.

Here are four reliable ways to estimate your ideal term insurance cover.

1. Human Life Value (HLV)

Think of HLV as your financial worth to your family. It considers what you earn, what you spend and how many years you are expected to keep earning. By subtracting your personal expenses and focusing only on the part of income that supports your family, HLV shows the actual financial

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