How much life insurance does your family really need?
Stop guessing your cover. Understand the financial responsibilities your income supports — before you choose a policy.
How much protection may your family actually need?
Don't guess your cover. Calculate your responsibility.
Answer a few simple questions and receive an indicative understanding of your potential protection requirement. This will be an educational needs estimator — not an insurer quotation or premium calculator.
Life insurance shouldn't begin with a round number
Most people start with a guess. Your requirement should instead connect to your own financial responsibilities.
Why ₹1 crore? Why not ₹50 lakh — or ₹5 crore? A number chosen at random can't reflect what your family actually depends on.
- ✓Family's monthly lifestyle expenses
- ✓Spouse's financial security
- ✓Children's education
- ✓Home loan & other liabilities
- ✓Financially dependent parents
- ✓Existing investments & insurance
- ✓Remaining earning years
"If my income stopped tomorrow, what financial responsibilities would remain?"
That is where life insurance planning should begin.
What Is Human Life Value?
Human Life Value, or HLV, is a financial-planning concept used to estimate the economic value of the income and financial contribution a person may otherwise continue providing to their dependants.
It can be one reference point when evaluating life-insurance needs, alongside liabilities, future family commitments, existing assets, existing cover and the period for which financial support may be required.
Don't guess your life-insurance cover.
Understand your responsibilities, Human Life Value and potential protection gap.
Curious what your own protection gap might look like?
Understand My Protection NeedDifferent ages. Different responsibilities. Different life-insurance needs.
Explore the three profiles below and see how the same salary can mean very different protection requirements.
Does this person automatically need ₹2 crore of life insurance?
Not necessarily.
Now change just one fact: parents depend financially on this person's income. Suddenly, the protection requirement changes.
Would ₹1 crore necessarily be enough?
Maybe not.
What should the calculation consider now?
Same age does not necessarily mean the same insurance need.
The same salary does not necessarily mean the same insurance need.
Your family's financial responsibilities matter.
Your protection gap, in one simple formula
This simplified framework is intended for educational understanding. A detailed needs analysis may also consider inflation, the required duration of family income, taxation, existing income sources, the liquidity of assets and other individual circumstances.
The 30-Minute Life Insurance Clarity Session™
With Taresh Bhatia, CFP® — a focused educational session to help you understand the financial responsibilities that may need protection, before you compare policies, companies or premiums.
At the End of the Session, You Should Have Greater Clarity About:
- Who and what may require financial protection
- Whether your existing life cover appears broadly aligned with your responsibilities
- The factors affecting your indicative protection gap
- The period for which protection may be needed
- Information that may be required for a detailed needs assessment
- Whether any further evaluation may be appropriate
The session does not promise a precise sum assured, policy recommendation, quotation or policy issuance.
The educational clarity session is conducted by Taresh Bhatia through The Richness Academy™. Any subsequent insurer-specific discussion, quotation, proposal or insurance application — only where requested by the participant — will be undertaken separately through the applicable licensed insurance process.
Need first. Product later.
A life insurance decision should ideally follow this sequence.
Understand
Who depends upon you?
Calculate
What financial responsibilities remain?
Identify
What protection already exists?
Find the Gap
What may still need protection?
Only Then
Evaluate implementation options, where appropriate.
How the 30 minutes are structured
Your Current Financial Responsibilities
- Dependants
- Income
- Existing life cover
- Loans
- Existing financial resources
Your Protection Need
- Family income requirement
- Human Life Value
- Future financial commitments
- Potential protection gap
- Broad duration of protection
Clarity & Next Steps
- Areas requiring deeper assessment
- Information that may be required
- Underwriting considerations
- Possible next steps, where relevant
Want to know when the 1-Minute Life Insurance Check™ goes live?
Notify Me When the Calculator Is ReadyThis session may be particularly useful if you are a
Working Professional
Your spouse, children or parents depend upon your income.
Young Married Couple
You're beginning to create long-term financial responsibilities together.
Parent
You have children's education and family commitments ahead.
A Daughter or Woman Supporting Her Parents
Your parents depend financially upon your continued income, whether or not you are married.
Already Insured
You have policies — but have never calculated whether the cover is actually sufficient.
Planning to Buy Term Insurance
You want clarity before comparing premiums and policies.
Entrepreneur / Business Owner
Your personal financial responsibilities depend substantially on your earning capacity.
Reviewing an Old Policy
It's been years since your cover was set — your responsibilities may have changed since.
This Session May Not Be Necessary If:
- Nobody depends financially upon your income
- You have no material liabilities or unfinished financial commitments
- Adequate financial resources already exist to meet all foreseeable family responsibilities
Even in such cases, an occasional review of existing nominations, cover and family financial records may still be useful.
What this session is not
Your next steps
Pay ₹99
Register for the Life Insurance Clarity Session.
Complete the Questionnaire
A short Needs & Underwriting Questionnaire, completed first.
Select Your Appointment
Once the questionnaire is complete, choose an available date and time.
Attend the Session
30 minutes online with Taresh Bhatia, CFP®.
The appointment slot unlocks only after your Needs & Underwriting Questionnaire is complete, so the session time is used well.
Register for ₹99
Book your Life Insurance Clarity Session.
Complete your Needs Questionnaire
After registration, you'll receive access to a structured Life Insurance Needs & Underwriting Questionnaire.
Book your 30-minute online session
Select an available date and time.
Get clarity
Discuss your financial responsibilities, existing protection and broad protection requirement.
Education, then — only if relevant — implementation
Financial Education & Clarity
Provided through The Richness Academy™. The ₹99 amount is a one-time educational participation fee for the Life Insurance Clarity Session. There is no obligation to purchase insurance.
Insurance Implementation
Only where an individual subsequently expresses interest in exploring life insurance further. Any insurer-specific discussion, quotation, application or underwriting is undertaken separately, through the applicable insurance process.
Associated with ICICI Prudential Life Insurance Co. Ltd.
Insurance implementation disclosure: If a participant subsequently and independently wishes to explore an insurance product, any insurer-specific discussion, quotation, proposal, underwriting or application will be undertaken separately through the applicable licensed insurance process by Meghna Bhatia, Life Insurance Advisor associated with ICICI Prudential Life Insurance Co. Ltd., Advisor Code OA001302. ICICI Prudential Life Insurance Co. Ltd. is not the provider or recipient of the ₹99 educational-session fee.
Taresh Bhatia, CFP®
Financial Freedom Specialist · Founder, The Richness Academy™ · Author · Coach
"To empower 1,00,000 Indian individuals and families to transform financial confusion into clarity and achieve true financial freedom through structured, ethical and life-stage-based financial planning."
Most people invest. Very few actually plan.
Don't start with the product
Don't start with the product. Start with the purpose.
Questions people ask before registering
How much life insurance do I need?
There's no universal amount. Your requirement may depend on your income, dependants, liabilities, future financial responsibilities, existing assets and existing insurance.
Is ₹1 crore enough?
It may be sufficient for one family and inadequate for another. That's why the protection requirement should ideally be calculated rather than selected as a round number.
What is Human Life Value?
A financial-planning concept used to estimate the economic value of the future income and financial contribution you may otherwise have continued providing to your dependants. It is one reference point among several, not a guaranteed or universally fixed figure.
Is this ₹99 session an insurance-product consultation?
The ₹99 Life Insurance Clarity Session is positioned as an educational needs-understanding interaction through The Richness Academy™. Where someone later wants to explore an actual life-insurance solution, that would be taken forward separately through the applicable licensed insurance process.
Do I have to buy insurance after attending?
No. There is no obligation to purchase any insurance product.
Is policy issuance guaranteed?
No. Any future insurance application would remain subject to the respective insurer's financial and medical underwriting, documentation, terms and conditions.
Is this SEBI-regulated investment advice?
No. Taresh Bhatia/The Richness Academy™ is not presently registered with SEBI as an Investment Adviser. This session does not provide securities-specific investment advice, portfolio recommendations, stock tips, mutual-fund scheme recommendations or return assurances.
What should I keep ready for the session?
Where available: approximate annual income, existing life insurance cover, outstanding home/other loans, major family financial commitments, existing relevant financial investments, and details of people financially dependent on you. A more detailed questionnaire will be provided after registration.
Your family doesn't need a random insurance number
They need the right financial protection. Start by understanding your need.
30-Minute Life Insurance Clarity Session — ₹99 One-Time Educational Participation Fee
Book My Clarity Session — ₹99Online · Educational Needs-Clarity Session · The Richness Academy™
Important Educational, Regulatory and Insurance Disclosure
This webpage, the proposed 1-Minute Life Insurance Check™, the Life Insurance Clarity Session and all associated material are intended solely for general financial education and needs clarification.
Any examples, scenarios, Human Life Value references, protection-gap frameworks, coverage amounts or calculator outputs are indicative educational illustrations. They do not constitute a personalised insurance recommendation, insurance quotation, offer, proposal, guarantee of cover, underwriting decision, legal advice, taxation advice or securities-investment advice.
An individual's actual life-insurance requirement may depend upon age, income, dependants, liabilities, family-income requirements, future financial commitments, existing assets, existing insurance, health, occupation, lifestyle and other individual circumstances.
The ₹99 amount is a one-time educational participation fee payable to The Richness Academy™ for the 30-minute Life Insurance Clarity Session. It is not an insurance premium, policy charge, insurer fee or payment to ICICI Prudential Life Insurance Co. Ltd. Participation does not require or obligate the participant to purchase any insurance product.
If a participant subsequently and independently requests an insurer-specific discussion, any quotation, proposal, underwriting, application or policy process will be undertaken separately through the applicable licensed insurance process by Meghna Bhatia, Life Insurance Advisor associated with ICICI Prudential Life Insurance Co. Ltd., Advisor Code OA001302.
Insurance eligibility, sum assured, premium, policy term, exclusions, underwriting and policy issuance are determined solely by the applicable insurer under its prevailing underwriting requirements, approved product terms and applicable regulations. Policy benefits and claims are subject to complete and truthful disclosures, policy terms, exclusions, documentation and applicable conditions.
Regulatory-Status Disclosure
Taresh Bhatia/The Richness Academy™ is not presently registered with SEBI as an Investment Adviser. No stock tips, securities recommendations, mutual-fund scheme recommendations, portfolio advice, return promises or investment-performance assurances are provided through this session.
Privacy & Data Use
Information submitted will be handled with appropriate confidentiality and used for conducting the requested session, responding to your enquiry and — only where separately requested — facilitating subsequent insurance-related interaction. If information is subsequently provided to an insurer, it will also be processed under that insurer's applicable privacy policy, underwriting procedures and regulatory requirements.
Please review all applicable policy documents carefully before making an insurance decision.
Communications comply with the IRDAI Insurance Advertisements and Disclosure Regulations, 2021 and the IRDAI 2024 Master Circular on Protection of Policyholders' Interests, which support clear, accurate and non-misleading disclosures in insurance-related communications.