Financial Calculators
Term Insurance Cover Calculator
Not a round number, not an agent's pitch. Your family's arithmetic, computed.
Additional cover to consider
₹2,80,00,000
simplified human life value method
- Income replacement
- ₹3,00,00,000
- Loans to be cleared
- ₹30,00,000
A simplified estimate: income x years of support, plus liabilities, minus existing cover. A full assessment discounts future income and nets out assets; we do that working with you before recommending any cover.
Cover from arithmetic, not thumb rules
The right term cover replaces what your family would actually lose: your income for the years they would need it, plus the loans that must be cleared, minus the cover already in place. This calculator runs that simplified human life value arithmetic in seconds.
It is deliberately conservative in method: a full assessment discounts future income, nets out assets and prices specific goals, which we do with clients before recommending any policy. The number here starts that conversation honestly.
How the calculation works
Suggested cover = annual income x years of support\n + outstanding liabilities\n - existing life coverWorked example: an annual income of Rs 12,00,000 supporting the family for 25 years, with Rs 30,00,000 of loans and Rs 50,00,000 of existing cover, suggests additional cover of about Rs 2,80,00,000.
Frequently asked questions
Is 10x income enough cover?
Often not for younger earners with long support horizons and loans. Thumb rules are starting points; the arithmetic above is closer to the truth for your family.
Does service group insurance count as existing cover?
Yes, include it, and also note that it typically ends or changes at retirement, which is exactly when private term cover locked at a young age proves its worth.
Term plan or investment-linked insurance?
Pure term for protection, investments for growth, kept separate. Bundled products usually do both jobs poorly, a stance we hold even though we distribute insurance.
Until what age should the cover run?
Typically until your planned financial independence, often 60 to 65, by when goals are funded and dependants are self-sufficient. Longer terms cost more for diminishing benefit.
Protect first. Build second.
We help you buy the right cover from insurers with strong claim records, then invest with confidence.