Protect Your Loved Ones
Life Insurance Calculator
Calculate the right life cover for your family using the Human Life Value (HLV) method. Plan for income replacement, outstanding debts, and future goals.
Your Financial Profile
₹75,000
₹15k₹5L
₹40,000
₹5k₹3L
₹5,00,000
₹0₹1 Cr
₹20,00,000
₹0₹5 Cr
2
010
15 years
5 yrs30 yrs
6%
0%12%
Recommended Life Cover
Your Estimated Life Cover Need
₹76,66,031
Based on Human Life Value & Income Replacement methods
Annual Surplus
₹4,20,000
Income - Expenses
Cover Multiple (x Annual Income)
8.5x
Recommended: 10-15x
Estimated Monthly Premium
For term insurance (approx.)₹3,194 / month
* Premiums vary based on age, health, smoking status, and policy type.
Risk Assessment: Medium
Adequate cover, but consider adding critical illness rider.
Tip: Consider increasing cover to at least 10x your annual income for adequate protection.
Dependents: 2
Standard cover should be sufficient. Review if you have children's education goals.
Calculation Breakdown
Income Replacement Method:₹97,52,917
Human Life Value Method:₹55,79,145
Average (Recommended):₹76,66,031
How it works: We calculate the present value of your future income surplus (income minus expenses) over the chosen years, add outstanding liabilities, and subtract existing savings. The result is the lump sum your family would need to maintain their lifestyle.
Important Considerations
Include future goals: children's education, marriage, retirement for spouse.
Add riders: critical illness, accidental death benefit for comprehensive protection.
Review cover every 3-5 years as income, family size, and liabilities change.
Term insurance is the most cost‑effective pure protection plan.