CALCULATORS • PLANNING

Term Insurance Cover Calculator

Estimate the life cover your family would actually need.

Protect their future

Scientifically calculate the exact cover your family needs.

ABOUT THIS CALCULATOR

What is the Term Insurance Cover Calculator?

Term Insurance is the purest form of life insurance. It provides a massive financial payout to your dependents in case of your unfortunate demise, ensuring their lifestyle isn't compromised. But how much cover is enough? This calculator calculates your "Human Life Value" to recommend the scientifically correct coverage amount.

Monthly Expenses

Input your current monthly expenses and number of dependents.

Future Goals

Add large future financial goals (child's education, marriage).

Existing Savings

Subtract your existing savings and active life covers.

Optimal Cover

Add all outstanding loans to arrive at your optimal term cover.

Related
Term Cover CalculatorRetirement CalculatorChild Education CalculatorPPF Calculator
All Calculators

Calculator Details

Adjust the values below to see your personalized results.

₹
₹1 L₹5 Cr

Usually the years left until you would have retired

yr
5 yr35 yr

Home, car and any other loan

₹
₹0₹10 Cr

Children's education, a wedding, and similar

₹
₹0₹5 Cr

Include cover from your employer

₹
₹0₹10 Cr
₹
₹0₹10 Cr

Cover you may need

₹2,30,00,000
Income to replace₹1,80,00,000
Loans to clear₹30,00,000
One-time goals₹20,00,000
Total need₹2,30,00,000
Cover & savings you have₹0
Additional cover needed₹2,30,00,000

Tip: Buying young keeps the premium low for the rest of the policy, and the premium does not rise later.

What this calculation assumes

  • The cover replaces your income for the number of years you set, so your family can carry on without a sudden change in how they live.
  • Outstanding loans are added in full, so the home loan does not become your family's problem.
  • This is a straightforward income-replacement estimate. It does not adjust future income for inflation or for what the payout itself would earn — an advisor can work that through with you.
  • Term insurance pays out only on death. It has no maturity value, which is why the premium is low for a large cover.

The result is an estimate to help you plan. Your bank, insurer or fund house will confirm the exact figures, and market-linked returns are never guaranteed.

Want this checked for your own case?

Send us your numbers and we will walk you through the options — there is no fee for the advice.

Call usTalk to an advisor