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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Why Rs 1 crore term insurance cover in 2026 may not be enough for many families

Families need more than 1 crore in term insurance. Rising expenses and loans mean a higher cover is essential. Experts suggest 1.5 crore or more. Buying early offers lower premiums and secures coverage. Policies can be increased later to match growing responsibilities. This ensures financial security for loved ones.

6 Jun 2026 7:00 am