Is Your Family Underinsured? The HLV Method Explained

Sarthak is a 30-year-old primary earner for his family of four in Bangalore, earning ₹30 lakh per annum and bearing expenses of ₹18 lakh each year. His insurance advisor has previously said that his family is underinsured. He feels that his family is well covered through the existing Term Insurance policy of ₹1 crore and his employer-provided group life insurance cover of ₹60 lakh....