“If somebody's annualized income is Rs 10 lakh. Now from a term insurance perspective, you can typically buy up to 20 times your annual income or that is what the suggested coverage is. If your annual income is Rs 10 lakh and the agent is suggesting that you buy a term insurance only of Rs 25 lakh, then that is a red flag because if anything were to happen to that individual, would Rs 25 lakh of corpus be sufficient for the family to survive post an event?”