Kapil-For me both are good. No need to worry. However, after buying the first one, don’t forget to mention the existing insurance with second insurer. I respect your idea of linking term insurance based on goals. However, once the individual goals completed, then you may end up in low insurance or totally NIL insurance. Instead, I suggest to buy single term insurance up to your retirement (considering the current values of future expenses up to retirement and current values of future goals of dependents).