When should I buy term insurance?

Ideally, buy term insurance as soon as you have dependents or liabilities (like a home loan). Buying in your 20s locks in a low premium for the entire policy term.

Do I need health insurance if I have corporate cover?

Yes. Corporate cover is temporary and ceases when you switch jobs or retire. A personal policy ensures continuous protection and allows you to build 'No Claim Bonus' over time.

What insurance is mandatory in India?

Only Third-Party Motor Insurance is legally mandatory. However, Term and Health insurance are financially 'mandatory' for any responsible financial plan.

Life Stage Insurance Planner

Get a personalized insurance roadmap based on your current age, family, and financial milestones.

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Quick Summary: Life Stage Insurance Planner

Your insurance needs in FY 2026-27 should evolve with your life stage: 20s (Accident + Health), 30s (Term + Family Floater), 40s (Critical Illness + Top-ups), and 50s (Legacy + Senior Care). Our planner identifies gaps in your current coverage based on your specific age and goals.

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Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.