Term life cover · free, no sign-up
Term insurance calculator: how much cover does your family need?
A quick, transparent estimate with no phone number and no sales call. It shows exactly how the number is built, so you can argue with it.
Change the inputs
Term-cover gap
Turns income, loans and dependants into a transparent education-only cover estimate.
Transparent formulas. Estimates are education, not promises or insurance advice.
Your result
₹This simple estimate combines 60% of future income for up to 20 years, unpaid loans and a dependant buffer. A licensed adviser can refine it.
Save it in RupaylogyHow this calculator works
- Income bridge: 60% of your yearly income for up to 20 years, or until retirement if that is sooner. That is the share of income your family would likely need to keep living the same way.
- Add every loan outstanding, so nobody inherits a debt, plus ₹5 lakh per dependant as a buffer for education and other big costs.
- Subtract term cover you already hold to see the possible shortfall. Employer group cover usually ends when you leave the job, so count it carefully.
A worked example
With ₹1 lakh a month of income, 28 years to retirement, ₹25 lakh of loans and two dependants, the estimate is about ₹1.79 crore. With ₹50 lakh of cover already, the gap is about ₹1.29 crore.
Questions people ask
Is 10 times my income enough term cover?
It is a rough rule. It can be too low if you have large loans or young children, and too high if you have few dependants and big savings. Building the number from income, loans and dependants is more honest.
Do I need term insurance if nobody depends on me?
Usually not much, unless you have loans a family member would have to repay. Cover protects people who depend on your income.
Is this a quote?
No. It is an education-only estimate. Premiums depend on your age, health and the insurer. A licensed adviser can refine the cover amount.
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