Calculator
Term Insurance Cover Calculator
A needs-based estimate of how much term life cover you should have — not a premium quote.
You need about ₹2,25,00,000 in cover — ₹2,25,00,000 more than you have today.
Recommended Cover
₹2,25,00,000
Income Replacement
₹2,00,00,000
20× annual income
Dependents Goals Buffer
₹10,00,000
Using the income-replacement method: your annual income multiplied by a factor that's higher when you're younger (more future earning years to replace), plus your outstanding loans and a goals buffer for dependents, minus what you already have in savings and existing life cover.
A 28-year-old has roughly 30+ working years of income to replace if something happens to them; a 55-year-old has far fewer. The multiplier accounts for this without needing you to manually estimate years to retirement.
No — this estimates how much cover you need, not what it costs. Premiums depend on your age, health, and the specific insurer and plan, which this calculator has no data on. Compare quotes once you know your target cover amount.
Related tools
Why "10x your salary" is too simple
A common rule of thumb is to buy cover worth 10x your annual income, but that ignores your age, existing savings, and outstanding debt. A 28-year-old with three decades of earning ahead needs a higher multiple than a 55-year-old closer to retirement; someone with ₹50L already invested needs less new cover than someone starting from zero. This calculator accounts for both.
Compare plans once you know your number
Once you have a target cover amount, compare term plans on our insurance hub.
Disclaimer:This is a needs-based estimate using a common income-replacement rule of thumb, not personalized financial advice or an insurer's underwriting calculation. Actual premium and eligible cover depend on your age, health, and the insurer.
Need more calculators? Browse all calculators →