← All calculatorsWithin the 10–15× income band
Term Insurance Cover
How much life cover does your family actually need?
Not a thumb rule — the needs-based answer: what your family would spend, what they'd owe, and what the kids' education costs, minus what you already have.
Your ageyrs
Monthly household expenses₹1,00,000
What the family would still spend every month without you.
Your annual income₹30,00,000
Used only for the 10–15× sanity check.
Outstanding loans₹60,00,000
Children to educate
Youngest child's ageyrs
The family needs support until the youngest is on their own feet (25).
Years of family supportyrs
Auto-set from your family; drag to choose your own horizon.
Term cover you already have₹0
Investments the family could use₹40,00,000
Exclude the house you live in and locked retirement money.
Cover to buy · till age 60
₹3,25,00,000
- Living costs for 20 support years
- ₹2,05,45,830
- Loans to clear
- ₹60,00,000
- Children's education
- ₹80,00,000
- Minus cover + investments you have
- −₹40,00,000
- Corpus earns 7% post-tax
- Expenses inflate at 6%
- ₹40L education per child, today
- Pure term only — no riders
₹3,25,00,000 covers the family's computed needs for the 20 support years. This method prices plain term cover — return-of-premium and investment riders change the economics and aren't part of the calculation.