Yes. In most cases with good planning, one plan will suffice. However, in situations where your expenses and dependents increase substantially over the years along with your income, you may need to get another term plan.

Yes, one can buy multiple-term plans. However, it should ideally be no more than 3 or 4 term plans as your dependents will have too many coordination points to get the policy claims. And this will become too tedious for them to manage.

Some riders like Waiver of Premium rider or Return of Premium actually add immense value to the base policy. They give a significant boost to the sum assured under additional boundary conditions. Hence, term insurance riders should not be looked at as an additional non-value-adding item and should be evaluated in the context of one’s lifestyle and requirements. However, though they add a nominal charge to the base plan premium, not all riders cater to your future financial goals.