{"id":42198,"date":"2026-08-13T15:32:00","date_gmt":"2026-08-13T10:02:00","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=42198"},"modified":"2026-08-13T08:36:34","modified_gmt":"2026-08-13T03:06:34","slug":"how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/","title":{"rendered":"How do I decide if term insurance is good or bad for my budget and needs?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#filter_one_does_the_buyer_have_dependents\" >filter one. does the buyer have dependents<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#filter_two_is_the_premium_within_budget\" >filter two. is the premium within budget<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#filter_three_what_does_the_buyer_expect_from_insurance\" >filter three. what does the buyer expect from insurance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#coverage_amount_beyond_the_thumb_rule\" >coverage amount. beyond the thumb rule<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#what_to_look_for_in_a_plan\" >what to look for in a plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#a_quick_framework_to_decide\" >a quick framework to decide<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#frequently_asked_questions\" >frequently asked questions<\/a><\/li><\/ul><\/nav><\/div>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">term insurance is not a complex product. it answers one question. if the primary earner is not around, can the family manage financially.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">whether it fits a budget and needs depends on the specific situation. not on what a friend bought. not on what an agent recommends\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">here is a framework to decide. based on three filters. dependency profile. budget. goals\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"filter_one_does_the_buyer_have_dependents\"><\/span><strong><span class=\"\">filter one. does the buyer have dependents<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">term insurance is pure protection. it pays a lump sum if the policyholder dies during the policy term. if the policyholder survives the term, nothing is received\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">this structure works for one specific situation. people depend on the policyholder&#8217;s income\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">who needs term insurance.<\/span><\/strong><span class=\"\">\u00a0young professionals with dependents. spouse or parents rely on the income. parents with home loans or education responsibilities. a child&#8217;s future depends on earning capacity. single breadwinners. the only income source for the family. anyone needing temporary high-value protection. coverage until the youngest child is financially independent\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">who does not need term insurance.<\/span><\/strong><span class=\"\">\u00a0no dependents. no one relies on the income. the payout has no one to protect. financially independent. enough assets to support the family without insurance. near retirement with sufficient savings. dependents are already self-sufficient\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">a word of caution. if there are plans to start a family later, term insurance premiums increase significantly with age. buying coverage in the 40s will be far more costly than in the 20s or 30s\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"filter_two_is_the_premium_within_budget\"><\/span><strong><span class=\"\">filter two. is the premium within budget<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">term insurance is the most affordable form of life cover. affordability is relative\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">a healthy 30-year-old non-smoker can get \u20b91 crore cover for around \u20b910,000-12,000 per year. that is roughly \u20b9850-1,000 per month. less than a meal out for a family\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">for someone earning \u20b925,000 per month, 10-15 times annual income suggests coverage of \u20b930-45 lakh. premiums for this range start under \u20b9500 per month\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<div class=\"ds-scroll-area ds-scroll-area--show-on-focus-within ds-scroll-area--enabled _1210dd7 c03cafe9\">\n<table>\n<thead>\n<tr>\n<th><span class=\"\">monthly income<\/span><\/th>\n<th><span class=\"\">recommended coverage<\/span><\/th>\n<th><span class=\"\">monthly premium range<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span class=\"\">\u20b925,000<\/span><\/td>\n<td><span class=\"\">\u20b930-45 lakh<\/span><\/td>\n<td><span class=\"\">\u20b9300-500<\/span><\/td>\n<\/tr>\n<tr>\n<td><span class=\"\">\u20b940,000<\/span><\/td>\n<td><span class=\"\">\u20b972 lakh \u2013 \u20b91 crore<\/span><\/td>\n<td><span class=\"\">\u20b9450-800<\/span><\/td>\n<\/tr>\n<tr>\n<td><span class=\"\">\u20b91,00,000<\/span><\/td>\n<td><span class=\"\">\u20b91.2 \u2013 \u20b91.5 crore<\/span><\/td>\n<td><span class=\"\">\u20b91,000-1,500<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">premium ranges are estimates. actual depends on age, health, and smoking status\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">two tests for budget fit.<\/span><\/strong><span class=\"\">\u00a0does the premium strain monthly cash flow. if paying the premium forces skipping other essentials, the policy is overbought. does coverage reduce because the lowest premium was chosen. many buyers purchase too little cover because the premium feels low. that defeats the purpose\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"filter_three_what_does_the_buyer_expect_from_insurance\"><\/span><strong><span class=\"\">filter three. what does the buyer expect from insurance<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">term insurance does one thing. protection. no investment. no savings. no maturity benefit\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">if money is expected back on surviving the term, a different product is needed. return of premium (rop) plans exist. they cost significantly more. for the same \u20b91 crore cover, premiums can be 3-4 times higher\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">if investment returns are expected, term insurance is the wrong product. buy a term plan. invest the premium difference separately. that typically yields more money\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">the &#8220;buy term and invest the rest&#8221; approach is not about getting rich through investing. it is about buying the most affordable and suitable way to adequately insure oneself\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"coverage_amount_beyond_the_thumb_rule\"><\/span><strong><span class=\"\">coverage amount. beyond the thumb rule<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">the 10-15 times annual income rule is a starting point. not a finish line\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">two individuals earning the same salary may require vastly different levels of protection depending on factors such as outstanding loans, the number of dependents, children&#8217;s education needs and support for ageing parents\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">the human life value approach.<\/span><\/strong><span class=\"\">\u00a0a better method is to calculate the economic value of an individual&#8217;s future earnings and financial contribution to the family\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">key factors to consider\u00a0<\/span><span class=\"\">:<\/span><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">outstanding home, vehicle and personal loans<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">monthly household expenses<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">children&#8217;s education and other future goals<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">financial support for ageing parents<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">number of dependents<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">years of income replacement required<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">existing savings and investments<\/span><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">inflation and rising living costs<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">for many urban families, the required cover could exceed 20\u201325 times annual income once liabilities, future expenses and inflation are considered\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">inflation is a major concern. at 6-7%, costs can roughly double over a decade. a cover amount that appears adequate today could lose nearly half its purchasing power over a 20-year period if inflation is not factored into calculations\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"what_to_look_for_in_a_plan\"><\/span><strong><span class=\"\">what to look for in a plan<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">if term insurance fits the needs, evaluate these metrics\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">claim settlement ratio.<\/span><\/strong><span class=\"\">\u00a0percentage of death claims approved. the industry&#8217;s four-year average is 98.66%. look for insurers above 99%\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">amount settlement ratio.<\/span><\/strong><span class=\"\">\u00a0what percentage of claimed amount actually gets paid. a company can approve 99 claims out of 100 but pay only 80% of the amount. this matters. look for asr above 95%\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">solvency ratio.<\/span><\/strong><span class=\"\">\u00a0assets to liabilities ratio. irdai minimum is 1.5. look for above 1.80\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"a_quick_framework_to_decide\"><\/span><strong><span class=\"\">a quick framework to decide<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"ds-scroll-area ds-scroll-area--show-on-focus-within ds-scroll-area--enabled _1210dd7 c03cafe9\">\n<table>\n<thead>\n<tr>\n<th><span class=\"\">situation<\/span><\/th>\n<th><span class=\"\">should term insurance be bought<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span class=\"\">has dependents. needs affordable protection. understands that survival means no payout.<\/span><\/td>\n<td><span class=\"\">yes. term insurance is the right choice.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span class=\"\">has dependents. wants money back on survival.<\/span><\/td>\n<td><span class=\"\">consider rop. compare cost vs pure term + investing the difference.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span class=\"\">no dependents. enough savings.<\/span><\/td>\n<td><span class=\"\">skip. life insurance is not needed.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span class=\"\">has dependents. cannot afford premium for adequate cover.<\/span><\/td>\n<td><span class=\"\">buy a smaller cover. upgrade when income grows.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"frequently_asked_questions\"><\/span><strong><span class=\"\">frequently asked questions<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">1. is term insurance worth it if the policyholder survives the term?<\/span><\/strong><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">yes. protection was paid for during the highest risk years. the family was covered when risk was highest. that is value\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">2. how much cover should be bought ?<\/span><\/strong><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">10-15 times annual income is a starting point. factor in outstanding loans, future goals, and inflation. for many urban families, cover may need to exceed 20-25 times annual income\u00a0<\/span><span class=\"\">.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">3. what if the employer provides life cover ?<\/span><\/strong><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">employer cover is a bonus. it ends when the job ends. rarely enough to protect the family fully. buy an individual plan. ensure continuity.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">4. can term insurance be bought online ?<\/span><\/strong><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">yes. online plans are usually cheaper due to lower distribution costs. compare plans. buy from a reputable insurer.<\/span><\/p>\n<p class=\"ds-markdown-paragraph\"><strong><span class=\"\">5. should riders be added ?<\/span><\/strong><\/p>\n<p class=\"ds-markdown-paragraph\"><span class=\"\">only if useful. critical illness rider can help if diagnosis happens before death. accidental disability rider can be valuable. do not buy riders just because they exist. add only what the situation needs\u00a0<\/span><span class=\"\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>term insurance is not a complex product. it answers one question. if the primary earner is not around, can the family manage financially. whether it fits a budget and needs depends on the specific situation. not on what a friend bought. not on what an agent recommends\u00a0. here is a framework to decide. based on [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":41,"featured_media":42170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[112],"tags":[],"class_list":["post-42198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How do I decide if term insurance is good or bad for my budget and needs? - Kuvera<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do I decide if term insurance is good or bad for my budget and needs? - Kuvera\" \/>\n<meta property=\"og:description\" content=\"term insurance is not a complex product. it answers one question. if the primary earner is not around, can the family manage financially. whether it fits a budget and needs depends on the specific situation. not on what a friend bought. not on what an agent recommends\u00a0. here is a framework to decide. based on [...]Read More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-13T10:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kuvera Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kuvera Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How do I decide if term insurance is good or bad for my budget and needs? - Kuvera","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/","og_locale":"en_US","og_type":"article","og_title":"How do I decide if term insurance is good or bad for my budget and needs? - Kuvera","og_description":"term insurance is not a complex product. it answers one question. if the primary earner is not around, can the family manage financially. whether it fits a budget and needs depends on the specific situation. not on what a friend bought. not on what an agent recommends\u00a0. here is a framework to decide. based on [...]Read More...","og_url":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/","og_site_name":"Kuvera","article_publisher":"https:\/\/www.facebook.com\/kuvera.in","article_published_time":"2026-08-13T10:02:00+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","type":"image\/png"}],"author":"Kuvera Desk","twitter_card":"summary_large_image","twitter_creator":"@Kuvera_In","twitter_site":"@Kuvera_In","twitter_misc":{"Written by":"Kuvera Desk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#article","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/"},"author":{"name":"Kuvera Desk","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/5f6f28482f886bf4493352e26c69ea7e"},"headline":"How do I decide if term insurance is good or bad for my budget and needs?","datePublished":"2026-08-13T10:02:00+00:00","mainEntityOfPage":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/"},"wordCount":992,"commentCount":0,"publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"image":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#primaryimage"},"thumbnailUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","articleSection":["Insurance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/","url":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/","name":"How do I decide if term insurance is good or bad for my budget and needs? - Kuvera","isPartOf":{"@id":"https:\/\/kuvera.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#primaryimage"},"image":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#primaryimage"},"thumbnailUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","datePublished":"2026-08-13T10:02:00+00:00","breadcrumb":{"@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#primaryimage","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","width":1536,"height":1024},{"@type":"BreadcrumbList","@id":"https:\/\/kuvera.in\/blog\/how-do-i-decide-if-term-insurance-is-good-or-bad-for-my-budget-and-needs-3\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kuvera.in\/blog\/"},{"@type":"ListItem","position":2,"name":"How do I decide if term insurance is good or bad for my budget and needs?"}]},{"@type":"WebSite","@id":"https:\/\/kuvera.in\/blog\/#website","url":"https:\/\/kuvera.in\/blog\/","name":"Kuvera","description":"Wealth Management, Simplified","publisher":{"@id":"https:\/\/kuvera.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kuvera.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/kuvera.in\/blog\/#organization","name":"Kuvera","url":"https:\/\/kuvera.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","contentUrl":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2022\/07\/cropped-cropped-kuvera-logo-dark-3.png","width":83,"height":13,"caption":"Kuvera"},"image":{"@id":"https:\/\/kuvera.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kuvera.in","https:\/\/x.com\/Kuvera_In","https:\/\/www.instagram.com\/kuvera.in","https:\/\/www.linkedin.com\/company-beta\/10456535\/"]},{"@type":"Person","@id":"https:\/\/kuvera.in\/blog\/#\/schema\/person\/5f6f28482f886bf4493352e26c69ea7e","name":"Kuvera Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1d8ec03b1d837b723d135a0c0f812a22855acebcd234184214f498f0968da45b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1d8ec03b1d837b723d135a0c0f812a22855acebcd234184214f498f0968da45b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1d8ec03b1d837b723d135a0c0f812a22855acebcd234184214f498f0968da45b?s=96&d=mm&r=g","caption":"Kuvera Desk"},"url":"https:\/\/kuvera.in\/blog\/author\/rudrakasturi\/"}]}},"jetpack_sharing_enabled":true,"amp_enabled":true,"jetpack_featured_media_url":"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2026\/08\/ChatGPT-Image-Aug-11-2026-08_34_15-AM.png","_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/42198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=42198"}],"version-history":[{"count":1,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/42198\/revisions"}],"predecessor-version":[{"id":42199,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/42198\/revisions\/42199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/42170"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=42198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=42198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=42198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}