Insure the family’s income need, not a round multiple.
Term Insurance Cover Calculator
Estimate family protection using income replacement, liabilities and goals. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Indicative additional term cover₹2.71 CrUpdates instantly as you edit
Income-replacement capital₹2.21 Cr
Liabilities and goals₹80.00 L
Assets and existing cover offset₹30.00 L
Projection journeyHover to inspect a year
Human Life Value is a planning estimate. Disclose health and occupation accurately and compare policy exclusions, claim process and affordability.
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Five smart nudges
Use the result with context.
Add liabilities and unfunded education goals.
Count only assets dependants can actually use.
Disclose health and occupation accurately.
Review cover after marriage, children or a major loan.
Understanding Term Cover Needed in India
Editorially reviewed 13 July 2026 · Rules and assumptions can change
Human Life Value rather than a salary multiple
A flat ten-times-income rule ignores years of support, personal consumption, liabilities, goals and existing assets. This calculator discounts the family’s annual share of income for the selected support period and then adds debts and unfunded goals.
A 35-year-old supporting a family for 25 years needs a different capital pool from someone close to retirement even at the same salary.
What can reduce additional cover
Count only assets genuinely available to dependants. A self-occupied house may provide shelter but not monthly cash, and retirement assets may have access rules. Existing cover should be confirmed as in force.
Do not subtract emergency cash twice or assume future inheritance. Add education, care and loan amounts in current or consistently inflated terms.
Policy selection and disclosure
Cover need and product selection are separate. Compare claim conditions, exclusions, term, premium affordability, nominee and insurer service.
Accurate health, occupation, smoking and financial disclosure is essential. Review after marriage, childbirth, large loans and major income changes.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Term Cover Needed calculator FAQs
Is 10× salary enough?
It is only a shortcut; a cash-flow calculation is more informative.
Should employer cover count?
It can end with employment, so treat portability and continuity cautiously.
Can investments replace term insurance?
Only assets actually sufficient and available to dependants reduce the protection gap.
Does the calculator recommend an insurer?
No. It estimates cover only.