Insurance guidance for salaried employees

Term cover for income protection, health insurance for medical shocks — explained in plain English before you buy anything.

Many Indians buy the wrong policy because an agent mixed insurance with investment. Saventh separates the conversation: protect your family's lifestyle first, then invest surplus through regulated mutual funds.

Explore in app Insurance vs investment

Saventh financial wellness app on mobile

The two covers most salaried Indians need

Term life insurance

Pure protection for 10–20× annual income (rule of thumb; adjust for dependents and loans). Low premium, high cover, no maturity benefit

Health insurance

Hospitalisation cover for self and family; check room rent limits, co-pay, and pre-existing waiting periods

Employer group cover

Many workplaces provide group health — verify adequacy and portability if you change jobs

Insurance is not a substitute for SIP

	Term insurance	ELSS / equity MF
Purpose	Protect income if you die early	Build long-term wealth
Returns	No investment return	Market-linked, not guaranteed
Regulator	IRDAI (insurers)	SEBI (mutual funds)
Saventh role	Education + partner routing	AMFI distribution ARN 324457

Complete Learn quest "Insurance vs investment" before your next policy conversation.

Simple cover guidelines for salaried Indians

Use Saventh Learn or a licensed advisor for personalised questions — not a substitute for licensed insurance advice.

Term life

Start with 10× annual take-home; add outstanding home loan principal; increase after marriage or children

Health

Minimum ₹5–10 lakh floater for metro families; higher if parents are dependents; consider super top-up for catastrophic costs

Emergency fund

6 months expenses in liquid savings before locking money in long-term products

Indian workplace financial wellness programme

HR can run insurance literacy sessions

Saventh facilitators cover term vs investment-linked policies, reading policy documents, and using employer group cover wisely — included at zero cost.

CTA: .button-hr"Request session"

Saventh facilitators cover term vs investment-linked policies, reading policy documents, and using employer group cover wisely — included at zero cost.

Once protected, invest with purpose

After adequate term and health cover, route surplus to goal-based SIPs. andproducts / investing

Frequently asked questions

Term and health insurance guidance for salaried families.

Does Saventh replace an insurance agent?

Saventh educates and may facilitate partner-led insurance journeys. Complex cases may still need a licensed advisor — use /products/advisor for human support.

Should I buy ULIP or term + mutual funds?

Many planners prefer separate term cover plus transparent mutual fund SIPs for flexibility and clarity. Learn modules explain ULIP costs and lock-ins — decide based on your needs.

Is employer group health enough?

Often insufficient for families or after job change. Review sum insured, parents coverage, and portability.

Can I buy insurance through Saventh without investing?

Product availability depends on partner integrations and your profile. Education content is always available on Learn.

Is insurance advice on Saventh regulated?

Mutual fund distribution is AMFI-regulated. Insurance follows IRDAI rules via authorised partners — Saventh content is educational, not personalised advice.

Protect your family, then grow wealth

Start with Learn insurance quests or explore options in the Saventh app.

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Insurance products are subject to terms and conditions of the respective insurer. Read policy documents carefully. Saventh's mutual fund services are AMFI-registered (ARN 324457). Insurance distribution may involve separate IRDAI-authorised partners.

Saventh Investment is an AMFI Registered Mutual Fund Distributor.

Disclaimer: Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.

Saventh Investment makes no warranties or representations, express or implied, on products offered through the platform of Saventh Investment. It accepts no liability for any damages or losses, however, caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
Investments in Securities markets are subject to market risks, read all the related documents carefully before investing.

AMFI Registered
ARN - 324457