Term Insurance Calculator
Most Indians are underinsured by 80–90%. Two minutes here tells you the cover your family actually needs.
Recommended cover
₹2.55 Cr
- Income replacement
- 20× income
- Income-based cover
- ₹2.4 Cr
- Add: outstanding loans
- ₹20 L
- Less: existing cover & assets
- − ₹5 L
Based on the income-multiplier method advisors use. Your ideal cover also depends on dependants, lifestyle, and goals — an advisor can fine-tune it in one call.
About this calculator
How it works
We multiply your income by an age-based factor (25× under 30, tapering with age), add outstanding loans, and subtract cover you already have plus liquid assets.
Why so much cover?
The payout must replace your income for the years your family depends on it. A ₹1 crore corpus generates only ~₹50–60k a month — less than many imagine.
Why term insurance
Term plans are pure protection: the highest cover per rupee of premium. A ₹1 crore cover can cost a healthy 30-year-old under ₹1,000 a month.
Buy it young
Premiums are locked for the entire term at your entry age. Every birthday — and every new health issue — makes the same cover permanently costlier.