Article · 9 min read

Insurance for Startup Founders: The Complete Checklist

NYVO · NYVO (India) Free Beginner India

The India-specific answer to the money side of single-point-of-failure risk, with real rupee figures instead of vague advice. It spells out that as a founder you likely have no employer health cover, so it recommends a personal health plan (15L to 25L) topped up with a super top-up, term insurance of at least 1 crore (2 to 3 crore if your family depends only on you), and personal accident cover. It also explains keyman insurance, which protects the company itself if the founder is lost, and points to the tax breaks under Sections 80C and 80D so the premiums are not dead money. Exactly the protection an Anywhere Founder needs before, not after, something goes wrong.

  • No employer cover means you need your own: personal health (15L to 25L plus a super top-up) and personal accident cover
  • Term insurance of 1 crore minimum, scaling to 2 to 3 crore when your family relies on a single income
  • Keyman insurance protects the company if the founder is lost, and 80C/80D make the premiums tax-efficient
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The question it answers

  1. What happens to my customers and my business if I get sick, and how do I reduce that single-point-of-failure risk?

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