Term Insurance Cover Calculator
Estimates how much term life cover your family would need using the income-replacement method, adjusted to your profile. It sizes the cover only — it does not quote premiums or recommend any insurer or plan.
Your details
Homemakers: enter what your family would pay to replace your work (childcare, cooking, care) as the annual income.
Don't count employer group cover — it usually ends when you leave the job.
Additional cover needed
₹2,70,00,000
The gap between what your family needs and what you already hold.
Total cover need
₹2,70,00,000
Income replacement for the chosen years, plus loans to clear.
Cover as multiple of income
23
Total need ÷ annual income — a quick sanity check against rules of thumb.
Employer group cover is not portable — keep it out of 'existing cover' and plan around a personal policy.
How this is calculated
Income for family = Annual income × (1 − personal expense %). Total need = (Income for family × years) + outstanding liabilities. Additional cover needed = max(0, total need − existing personal cover). The profile only changes the guidance notes, not the arithmetic.