Term Insurance & Life Insurance Calculator
How much life cover do you actually need?
Your ideal cover isn’t a flat number. It changes with your age and income. Answer a few questions to find your real number, using the same human life value method advisors use to size a term plan.
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₹20K₹5L
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Fill your details to see your eligible cover.
Got questions?
About this calculator
It depends on your age, income, liabilities and dependents, not a flat rule of thumb. This calculator uses an age-bracket multiplier that shrinks as you get older, since there are fewer working years left to replace. For an exact number tailored to your full financial picture, book a free call with an advisor.
A 28-year-old and a 52-year-old earning the same salary don't need the same cover. The 28-year-old has 30+ working years of income to protect; the 52-year-old has far fewer. That's why the multiple shrinks as you age, from around 30× in your early 30s down to 5× in your late 50s and 60s.
Any life insurance you already have: employer-provided group cover, individual term plans, or endowment/ULIP death benefits. Leave it blank if you don't have any.
It's a solid starting estimate based on your income and age. Your actual ideal cover can vary based on outstanding loans, your children's education costs, and other specifics. That's exactly what the free advisor call is for.
A Human Life Value calculator estimates the amount of life insurance you need by putting a number on the income you'd leave behind for your family, based on your age, income and working years left. This calculator uses that same method, expressed as an age-bracket multiplier of your annual income.
Not directly. This tool is a life insurance calculator for cover amount, it tells you how much term cover to buy, not the premium. Premiums depend on the insurer, your health and the exact plan. Once you know your ideal cover, book a free call and we'll get you a term plan premium quote for that amount.