Jammu, Sept. 3 -- Share Tweet Share When you purchase life insurance, it is relatively simple to work out the amount of cover you require based on your current family needs. Still, your policy could be active for 20, 30 or even more years. During this period, inflation can result in living costs increasing significantly. This could mean a term insurance policy deemed adequate today may prove insufficient in future. So, does that mean inflation affects the term insurance amount you receive? Yes. Just like income, liabilities, financial goals, family expenses and portfolio of assets, inflation should also be an important factor to determine the sum assured. How Does Inflation Affect Term Insurance Coverage? Inflation is a fall in the value ...