Two policies matter: pure term life cover of about ten to fifteen times your income, and a family health floater of your own.

Keep insurance and investing apart, since endowment, money-back and ULIP policies do both worse than a term plan and a fund. Group cover from your startup ends when you leave or the company shuts, often just as income turns shaky. Add disability cover if your family leans on your income, and buy term cover when someone first depends on it, since premiums rise with age.