Home |Life Insurance | Shouldn't we consider inflation while calculating the insurance cover? Because considering a life cover of 30 years or any no of years, inflation will play major role in evaluating the value of insurance cover one has.

Shouldn't we consider inflation while calculating the insurance cover? Because considering a life cover of 30 years or any no of years, inflation will play major role in evaluating the value of insurance cover one has.

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Shailesh Kumar, Co-founder, Insurance Samadhan verified
Answered on January 01,2022

Dear 

Sum assured is taken on the basis of your income generating capacity today. In future you may earn less or more but insurance amount remain same as facts of today.

So inflation can not be considered for cover on your life. For investment inflation is important but you should not consider Insurance as investment tool.

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