What is Sum assured?
The amount your family receives.
Short answer
Cover set by what the agent quotes, not by your family's needs.
Sum assured when buying a life insurance (india)
The amount your family receives.
Why it matters: Aim for 15–20× yearly income plus loans, minus existing savings.
Look for: Cover set by what the agent quotes, not by your family's needs.
Full Life Insurance (India) buying guide