Life Insurance: How Much Coverage (Sum Assured) Do You Need?

The simplest rule of thumb for life insurance is 3 to 5 times your annual income, plus any outstanding debts.Example: If your monthly salary is 40,000 THB (480,000 THB/year):Minimum Coverage: 480,000 x 3 = 1,440,000 THB The Logic: If something unexpected happens to you, this lump sum buys your dependents 3 to 5 years of financial runway to adjust and recover.Don't Forget Debts: If you have a 2-million-THB home mortgage, add that amount to your coverage so the payout can instantly clear the loan without leaving a burden behind.