Deepak Kumar

Co-Founder ; Verdure Growth LLP - Wealth Management for Professionals
MBA IIMA ,CA Into 🏏 , Fitness,Stocks and Books. Investing is 💓

[Deepak Kumar @cadpkkumar]

Most people think a term insurance of ₹1 crore is enough.

It's almost never enough. A thread on how to calculate the right number

The common advice: "10x your annual income." If you earn ₹12L/year, get ₹1.2Cr cover. Simple. But completely wrong for most people.

The right approach: your family needs to replace your income FOREVER. ₹1Cr kept in a liquid fund at 7% returns only ₹7L/year. That's your replacement income — does it cover your household's actual needs?

Add up:
→ Outstanding home loan
→ Kids' education corpus needed
→ Parents' medical buffer
→ Annual expenses × 25 (to be self-sustaining at 4% withdrawal)

Most families land between ₹3–5Cr when they do this honestly.

The good news: a ₹2Cr term cover for a 30 year old costs ~₹12,000/year. A ₹5Cr cover is ~₹20,000/year. The difference between being underinsured and properly insured is ₹8,000/year. That's 22 rupees a day.

Stop anchoring to ₹1Cr. Run your own numbers. If you want help with the calculation — DM me.

#personalfinance #insurance

[Ashneer Grover @Ashneer_Grover]

I think you meant 180 degree sir jee. 360 pe to vaapis wahi pahuch jaate hai !

[Deepak Kumar @cadpkkumar]

@faltoo You guys have developed one of the best products . What impresses more that you guys have run screener as a proper bootstrapped company ; profitable , no marketing , growing only because you have developed a great product which is improving with every iteration

[Deepak Kumar @cadpkkumar]

@alexandr_wang When is it coming to India

[Deepak Kumar @cadpkkumar]

@GulatiYajat Great use case ; atleast people will stop doing useless BCom degrees and all

[Deepak Kumar @cadpkkumar]

@Muse Hey when is it coming to India

[Deepak Kumar @cadpkkumar]

@IndiaNewGen Corporate race is deadly. Takes toll on health; family life

[Deepak Kumar @cadpkkumar]

@ravihanda Averages are misleading. 2 cr per MFD average means per MFD is managing close to 200 cr . Pure crap analysis to justify your business venture

[Deepak Kumar @cadpkkumar]

@geopolitiik Remove GG ; automatically everything falls in place

[Deepak Kumar @cadpkkumar]

@GabbbarSingh Yogi Adityanath

[Deepak Kumar @cadpkkumar]

@rajeshsawhney Sir he has seen bankruptcy once. May be that phase has stayed with him mentally and he wants to make as much money as he can

[Deepak Kumar @cadpkkumar]

@pritishposwal @antibioticpig MBA after Computer Science - Aisi kya majboori rahi hogi

[Deepak Kumar @cadpkkumar]

@Parikshit_K_ Coming to an IIM after an IIT is a downfall in itself

[Deepak Kumar @cadpkkumar]

@GabbbarSingh हम मर्द हैं जसकीरत। पैदा होने से मौत तक, हमारा कर्तव्य है लड़ना। अपने मकसद के लिए, अपने सपनों के लिए, अपने हक के लिए, अपनों के लिए। यह हमारा धर्म है। और इसके लिए हमें कोई शाबाशी या मेडल नहीं मिलता।

[Deepak Kumar @cadpkkumar]

@stepbystep888 @JayamWealth So does this mean all MFD’s are engaging in this practice

[Deepak Kumar @cadpkkumar]

@mainbhiengineer Golden rule - Never let anyone at your office know following - Your savings corpus ; family assets ; investments & assets as well as your liabilities . Personal and family balance sheet should be kept undisclosed at office

[Deepak Kumar @cadpkkumar]

@ActusDei Every model will co exist. Just to push your business don’t push any narrative without any logic

[Deepak Kumar @cadpkkumar]

@ishmohit1 @iamdvarun @ishmohit1 you have done a great service to the investor community via SOIC. Shouldn’t respond to these 2 rs trolls

[Deepak Kumar @cadpkkumar]

@Its_CineHub Lol; nice joke

[Deepak Kumar @cadpkkumar]

@mainbhiengineer Bhai agree but lot of families have both husband and wife working for lot of genuine financial compulsions. Why did Capgemini allow it to happen in first place. All these MNC’s tell we treat our people as family and all bullshit and then allow this to happen.

[Deepak Kumar @cadpkkumar]

@amitkilhor Sad reality of Indian society. People are judged by their bank balance. No matter how it’s earned