Term Insurance Calculator

Find out how much life insurance cover you need — and how much it may cost.

Your Details

How is Insurance Cover Calculated?

We use the Human Life Value (HLV) method, which is the standard approach used by financial planners.

Formula

Annual Income × 15 (replacement income for family)
+ Outstanding Loans (to clear debts)
+ Child Education Corpus (if children)
− Current Savings (already available)
= Recommended Cover

Premium Estimation

Term insurance premiums depend on age, gender, smoking status, and health. Our estimate is indicative and may vary by insurer.

Why Term Insurance?

Lowest premium among all life insurance types
Pure protection — no investment mixing
Tax benefit under Section 80C (Old Regime)
Death benefit is tax-free under Section 10(10D)

Important Note

This is an estimate only. Actual premiums depend on the insurer's underwriting, your medical history, and the specific policy terms. Always compare plans before buying.