I VIMAL SOLANKI

In the world of insurance, ₹1–2 crore once symbolized “adequate protection.” Today, even ₹5–10 crore term plans are marketed as “high cover.” For salaried individuals, that may still work. But for business owners—especially HNIs and NRIs—this number is often dangerously misleading. Because your life is not just an income stream. It is an ecosystem. The Fundamental Miscalculation Most term insurance calculations are based on a simple formula: Human Life Value = Annual Income × Working Years This works for employees. But business owners don’t earn a salary—they generate value. Your actual financial footprint includes: Business profits (declared + reinvested) Enterprise valuation Debt obligations Key relationships and guarantees Future scalability potential A ₹5–10 Cr policy only insures your current income illusion , not your actual economic impact . The Hidden Liabilities Business Owners Ignore 1. Business Loans & Personal Guarantees Many promoters sign as personal guarantors fo...