Term Insurance Calculator
Estimate term insurance cover needed from family expenses, outstanding loans, future goals and current investments.
Term insurance protects dependents from the financial impact of the earner's death. This calculator estimates cover from income replacement, outstanding loans, future goals and current investments.
Calculate your result
Change the inputs on the left. Results update instantly on the right.
Cover inputs
Why use the Term Insurance Calculator
Rules like 10x income are easy but incomplete. A household with loans, children’s education goals and low investments needs more cover than someone with no dependents and a large corpus.
Benefits at a glance
Need-based cover
Build cover from expenses, loans and goals.
Offsets current investments
Existing assets reduce the additional cover needed.
Rounded cover amount
Get a practical rounded sum assured estimate.
How to use the Term Insurance Calculator
- 1
Enter family expenses
Use annual expenses dependents would need.
- 2
Choose replacement years
Use the number of years income should be replaced.
- 3
Add loans and goals
Include home loan, education and other obligations.
- 4
Subtract investments
Add assets that dependents can realistically use.
Assumptions and exclusions
- This is a planning estimate, not underwriting advice.
- Premiums, medical underwriting and policy eligibility are not modelled.
- Use human advice for complex estate or business-owner cases.
Frequently asked questions
Is term insurance better than endowment?
For pure protection, term insurance usually gives far higher cover per rupee of premium.
Should investments reduce cover?
Yes, but only investments dependents can access and use for the same goals.
Does this estimate premium?
No. It estimates cover need, not insurer-specific premium.
Final word
Use this calculator to size term cover before comparing policies. Buy enough cover first; optimise premium and riders after the protection need is clear.
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