Term Insurance Explained: How Much Cover Do You Really Need?

Understand what term insurance is, why it is the most affordable way to protect your family, and how to estimate the right cover.

Term insurance pays a lump sum to your family if something happens to you during the policy term. It is pure protection, which is why premiums are far lower than other life insurance plans.

How much cover is enough?

A common starting point is 10 to 15 times your annual income, then add your loans and subtract existing cover. You can also use the Human Life Value calculator on our website to get an estimate based on your income, age and expenses.

Buy early, pay less

Premiums are lower when you are younger and healthier, and they stay fixed for the whole policy term.

Add the right riders

Riders such as accidental death or critical illness can add valuable protection at a modest extra cost.

Talk to our advisors to compare term plans from trusted insurers and find the cover that fits your goals.