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Term Insurance Calculator

How much term insurance cover should you have? A thumb rule says 20 times of your annual income. While this can be a guiding factor, it might not simply work for everyone. Don’t worry. We have made it easy for you. Simply provide us a few other details and we will calculate it for you.

Your Age

Enter your age (in years)

18 years

80 years

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Protection Duration

Enter the age till which you want your coverage to last (in years)

80

18 years

80 years

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62

The plan should ideally last untill your dependents need financial assistant (typically 60-70). Anything beyound this age may be need less and expensive.

Monthly Expenses ()

Enter Your average monthly expense

Do not include EMI's & investments in expenses.

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This
Outstanding Loans ()

Enter any unsecured outstanding loans

Disclaimer: Insurers set an upper limit to your coverage based on your income and education.

Get the right cover in just a few clicks!

Determining the ideal term insurance cover has never been easier. Enter your details, click "Calculate", and receive a personalized recommendation to meet your needs!

Yearly expense
Yearly expense
Present Value of Expenses
Recommended Cover
The recommended cover for you is 1 cr

10000 Monthly Expenses

1000000 Loan

Expected Expenses

Today 2024

At 2085

10000/Month

108333/Month

Right now your family is spending 10000/month. But when you turn 80, your family will likely be spending 108333/month (inflation 5%) to keep up the same lifestyle.

1 cr Recommended Cover Protection

Covered

2023 /

18 Age

2085

/ 80 Age

If your dependants receive a 0 corpus, they can set aside this money in a bank account and use the interest and principal to cover their expenses.

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