Term Insurance for Self-Employed Professionals: Is a 2 Crore Term Life Insurance Enough?

Being your own boss feels great. You make your own rules, choose your projects, and build something from scratch. However, with this freedom comes a significant responsibility – protecting your family’s future in the event of your passing.

Many self-employed people wonder if they need life insurance. The answer is usually yes. And the next question is: how much coverage is enough? Let’s talk about whether 2 crore rupees is the right amount for you.

Why Self-Employed People Need Insurance Even More?

When you work for a company, you often get some insurance as part of your job. But when you’re self-employed, nobody is giving you these benefits. You have to arrange everything yourself.

Here’s what makes self-employed professionals different:

No steady income guarantee – Your income can