Archive · 25 Sep 2025
Insurance Advice: Planning for Life and Health Cover
If you're young, it's smart to think about insurance.
Life insurance can be cheap when you're young and healthy, with a ₹1 crore plan possibly costing as little as a daily coffee.
Start with enough to cover potential needs.
Health insurance is also important, especially if you're self-employed.
A ₹10 lakh plan can help with medical bills.
Mental health therapy is covered, but sometimes needs separate budgeting or extra plans.
Buying term life insurance early locks in lower premiums.
Starting with a ₹50 lakh– ₹1 crore life cover is practical for young adults.
Health insurance protects against major medical expenses.
Mental health is covered in health insurance, as mandated in 2017
OPD benefits might require separate budgeting for therapy.
- Who
- Young adults, Insurance providers, Financial advisors
- What
- Insurance planning for life and health
- When
- Ongoing
- Where
- India
- Why
- To guide young adults on insurance needs
- Term Insurance Cost (26-year-old)
- ₹7,000–10,000 annually
- Recommended Life Cover (Starting)
- ₹50 lakh– ₹1 crore
- Health Cover Recommendation
- ₹10 lakh
- Mental Healthcare Act
- 2017 mandated parity in coverage