Eg. If you are a 30 year old male, non-smoker, and you want a 1 crore life cover for 30 years, then you would need to pay around 10,000 a year. This makes to an amount of 3,00,000 over 30 years to be paid if the person does not die. While you die anytime from the start of the policy, then the family gets paid 1,00,00,000 (= 1 crore). If you don’t die, then those 3 lakhs have gone to the insurance company and it is your loss. Please ignore this loss. Let this loss occur, since I am pretty sure, no one wants to die!