Life Insurance Calculator

Estimate life cover need from income replacement, debts, goals and existing cover.

—Total need
—Already covered
—Additional cover needed

Uses the "human life value" method: income replacement + debts + goals, minus existing assets. Rule of thumb: 10–15× annual income. Guidance only, not financial advice.

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How to use Life Insurance Calculator

Three quick steps — no sign-up needed

  1. Step 1

    Enter income and years to replace

    Add annual income (₹) and how many years of income you want covered.

  2. Step 2

    Add debts, goals, and existing resources

    Include loans, future goals, savings, and existing life cover.

  3. Step 3

    Read the indicative cover gap

    Use the estimate to discuss term cover with a licensed advisor.

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About Life Insurance Calculator

Life Insurance Calculator estimates a cover need from income replacement years, outstanding debts, future goals, existing savings, and current life cover. Families searching "how much life cover", "term insurance calculator", or "human life value" want a structured starting number.

Enter annual income (₹), years of income to replace, loans, goals, savings, and existing cover. Methods differ (income multiple vs expense-based); this tool follows the inputs shown on the form.

Insurance needs are personal. Health, dependents, and liabilities change over time. Speak with a licensed advisor before buying; calculator output is educational, not a policy offer or claim guarantee.

Benefits of Life Insurance Calculator

Income replacement logic Anchor cover to earning years.
Debts and goals included Broader than a simple salary multiple.
Existing cover net-off See the remaining gap.
Conversation starter Prepare before meeting an advisor.

Frequently asked questions

Is term insurance the same as this number?

This estimates need; product selection and underwriting are separate.

Should I insure for 10x or 20x salary?

Rules of thumb help, but debts and dependents may justify a tailored figure.

Does this calculate premium?

It focuses on cover need, not premium quotes.

Are employer group covers enough?

Often partial - check sum assured and portability when changing jobs.

Is this advice to buy a policy?

No - educational estimate only.