Life Insurance Calculator
Discover exactly how much Term Life Insurance cover you need to fully secure your family's financial future in your absence.
Replace Your Income
Number of years your family will need your income replaced.
Liabilities to Clear
Future Family Goals
Existing Cover & Assets
Required Life Cover Gap
₹2,25,00,000
This is the additional Term Life Insurance coverage you should purchase today to fully protect your family.
Total Financial Need
Subtracting Existing Assets
Gross Need minus Existing Assets equals your Coverage Gap.
What's making up your need?
Frequently Asked Questions
Why do I need a Life Insurance cover equal to my income replacement?
If you are the primary breadwinner, your family relies on your monthly income to pay for groceries, rent, utilities, and lifestyle. If you pass away, that income stops immediately. An adequate life cover acts as a massive fixed deposit, the interest from which can replace your salary for your family.
Should my Life Cover include my Home Loan?
Absolutely. Most home loans are meant to be paid over 20 years. If you die in year 3, the bank will force your family to sell the house or pay the EMIs. Your life insurance should pay off the entire outstanding loan instantly so your family always has a roof over their head.
Are company-provided life covers enough?
Rarely. Corporate Life Insurance is usually 2x to 3x your annual CTC. If you change jobs, get laid off, or retire, that cover vanishes. It's highly recommended to have your own independent personal Term Life Insurance that covers at least 15-20x your annual income.