Secure Your Family's Future
Term Insurance Calculator
Calculate the right term insurance cover for your loved ones. Based on income, expenses, liabilities, and future goals. Also get an estimated premium.
Your Financial Profile
₹12,00,000
₹3L₹50L
₹6,00,000
₹1L₹40L
₹30,00,000
₹0₹1 Cr
₹10,00,000
₹0₹1 Cr
2
06
20 years
5 yrs30 yrs
Recommended Term Cover
Your Ideal Term Cover
₹93,46,406
7.8x your annual income
Annual Surplus
₹6,00,000
Cover Adequacy
Inadequate
Estimated Term Premium
Annual premium₹32,712
Monthly₹2,726
* Based on age 35, non‑smoker, male. Actual premiums vary by insurer.
Personal Details (for premium)
183565
102040
Cover may not be enough. Increase sum assured or reduce liabilities.
Tip: Use the 'income replacement' method and add children's education costs for more accuracy.
Calculation Methods
Income Replacement (PV of future surplus):₹98,10,860
Human Life Value (incl. liabilities - assets):₹88,81,953
Recommended (average):₹93,46,406
Term Insurance Essentials
Pure protection: Term insurance is the most cost‑effective way to secure a large cover.
Claim settlement ratio: Always check the insurer's historical ratio before buying.
Riders: Add critical illness, accidental death, or disability riders for comprehensive cover.
Tax benefits: Premiums up to ₹1.5L deductible under Sec 80C, proceeds tax‑free under Sec 10(10D).