The average home loan in metro India today sits somewhere between ₹50 lakh and ₹1.2 crore. The average EMI? Easily ₹35,000–₹60,000 a month. For most families, it's the single largest monthly outgoing — and it will be for the next 15 to 20 years.

Now ask yourself an uncomfortable question: if the primary earner passes away tomorrow, what happens to that EMI?

The bank isn't going to waive it. The loan doesn't disappear. What happens, in many families, is that a spouse with no income or limited savings is forced to sell the home — sometimes at a loss, sometimes under pressure — to settle the outstanding amount. The house that was meant to be a legacy becomes a liability.

"A term plan with a cover that matches your outstanding loan is the simplest, most responsible thing a homeowner can do."

This is exactly what a term plan is designed for. A ₹75 lakh cover — roughly matching a mid-range home loan — costs somewhere around ₹500–₹700 per month for a healthy 30-year-old. That's the cost of protecting 20 years of EMI payments, your family's home, and your spouse's financial independence.

If you have a home loan and no term plan, fixing that should genuinely be your next financial priority — ahead of any new investment.