Term Insurance Calculator
Estimate term insurance cover needed from family expenses, outstanding loans, future goals and current investments.
यहाँ से शुरू करें
- क्या भरें
- सालाना पारिवारिक खर्च, सहायता के वर्ष, ऋण, लक्ष्य और आश्रितों को उपलब्ध संपत्ति भरें।
- नतीजे का मतलब
- सुझाया कवर नियोजन रकम है, बीमा प्रीमियम या कंपनी का ऑफर नहीं।
उदाहरण और सीमाएँ देखें
- आसान उदाहरण
- ₹6 लाख सालाना खर्च × 10 वर्ष = ₹60 लाख, ऋण, लक्ष्य और संपत्ति घटाने से पहले।
- ध्यान रखें
- यह आज की रकम का खर्च-गुणक है, महँगाई समायोजित मूल्यांकन नहीं। लक्ष्य की संपत्ति दो बार न गिनें; पॉलिसी की शर्तें देखें।
अपना परिणाम कैलकुलेट करें
अपने आँकड़े दर्ज करें। बदलाव के साथ अनुमान और चार्ट अपडेट होंगे।
Cover inputs
Expense-multiple estimate in today's rupees, not an inflation-adjusted income-replacement valuation. Subtract only assets available to dependents; avoid counting goal-earmarked assets twice.
- Suggested cover
- ₹2,10,00,000
- Income replacement
- ₹1,35,00,000
- Loans + goals
- ₹90,00,000
- Assets offset
- ₹15,00,000
आपके आँकड़ों का मतलब
Your suggested cover is about 23.3× your yearly family expenses.
It funds 15 years of expenses plus ₹90L of loans and goals, minus ₹15L you already have, rounded up to the next ₹5 lakh.
Each extra ₹1 lakh of yearly expenses adds ₹15L to the cover you need.
That's because the plan replaces 15 years of spending; review your cover when lifestyle costs rise.
At 6% inflation, ₹9L of yearly expenses grows to ₹21.57L in 15 years.
This estimate uses today's rupees, so a slightly higher cover helps it keep pace with rising costs.
अपनी गणना समझें
Term insurance pays a fixed sum to your family if you die during the policy term. It has no maturity value, which is why the premium is low and why the only real question is how much cover to buy. This calculator sizes that cover from four things your family would face without your income: years of household expenses, loans still outstanding, big future goals such as a child's education, and the investments they could draw on instead. The result is rounded up to the next ₹5 lakh, a practical sum assured to take into policy comparisons.
Term Insurance Calculator क्यों उपयोग करें
Rules like "10 times your income" are quick but blind to your situation. A 32-year-old with a ₹35 lakh home loan, two young children and ₹12 lakh of savings needs far more cover than a 50-year-old with no loans and a large corpus, even on the same salary. Building the number from expenses, loans and goals shows exactly what the money is for, and it makes the trade-off visible: every rupee of usable investments reduces the cover you need, and every extra lakh of yearly spending raises it by lakh × replacement years.
एक नज़र में लाभ
Check sensitivity
The insights show cover as a multiple of yearly expenses, the effect of each extra ₹1 lakh of spending, and how 6% inflation would change expenses over your chosen period.
Term Insurance Calculator कैसे उपयोग करें
- 1
Enter family expenses
Use the yearly amount your dependents would need without you: household spending, rent if any, school fees and health premiums. Leave out your own personal costs and the EMIs you enter separately.
- 2
Choose replacement years
Pick how many years the family needs support, often until the youngest child is financially independent or until your spouse's retirement. The calculator accepts 1 to 30 years.
- 3
Add loans and goals
Enter the outstanding principal on home, car, education and personal loans, then the lump sums for goals you'd want protected, such as higher education or a child's marriage, in today's rupees.
- 4
Subtract investments
Add only assets your dependents can access and use for these same needs. Don't count the house you live in or money already earmarked for a goal you entered above.
उदाहरण
Salaried parent with a home loan
A family spends ₹7,20,000 a year and wants that replaced for 18 years: ₹7,20,000 × 18 = ₹1,29,60,000. Adding a ₹35,00,000 home loan and ₹30,00,000 of education goals gives ₹1,94,60,000. Subtracting ₹12,00,000 of investments the family could use leaves ₹1,82,60,000, which rounds up to a ₹1.85 crore cover.
- Income replacement (₹7,20,000 × 18)
- ₹1,29,60,000
- Loans + goals
- ₹35,00,000 + ₹30,00,000 = ₹65,00,000
- Assets offset
- ₹12,00,000
- Cover needed
- ₹1,82,60,000
- Suggested cover (next ₹5 lakh)
- ₹1,85,00,000
- Cover as a multiple of yearly expenses
- ≈ 25.7×
- Extra cover for each ₹1 lakh more yearly spending
- ₹18,00,000
At 6% inflation, ₹7,20,000 of yearly expenses becomes about ₹20.6 lakh in 18 years. The calculator works in today's rupees, so treat ₹1.85 crore as a floor rather than a generous figure.
इसकी गणना कैसे होती है
Income replacement is annual family expenses × replacement years. Cover needed is income replacement + outstanding loans + future goals − current investments, and it can't go below zero: if your investments already exceed the need, the calculator shows no extra cover.
The suggested cover rounds that figure up to the next ₹5 lakh: ceil(cover needed ÷ 5,00,000) × 5,00,000. A need of ₹1,82,60,000 becomes ₹1,85,00,000; a need that's already a multiple of ₹5 lakh stays as it is.
This is an expense multiple in today's rupees. The code doesn't inflate future expenses, discount them back to present value, or assume any return on the payout. The 6% inflation figure in the insights is shown only as a warning about how expenses grow; it isn't added to the cover.
मान्यताएँ और सीमाएँ
- This is an expense-multiple planning estimate in today's rupees, not an inflation-adjusted or discounted income valuation.
- Cover is expenses × replacement years + loans + future goals − available investments, floored at zero and rounded up to ₹5 lakh.
- Avoid counting the same assets against several goals.
- Premiums, medical underwriting and policy eligibility are not modelled.
- Use human advice for complex estate or business-owner cases.
अक्सर पूछे जाने वाले प्रश्न
Is term insurance better than endowment?
For pure protection, term insurance usually gives far higher cover per rupee of premium, because none of the premium goes towards a maturity payout. Endowment and money-back plans mix insurance with low-return saving; many people buy term cover and invest the difference separately.
Should investments reduce cover?
Yes, but only investments your dependents can access and use for the same needs. Your EPF, PPF, FDs and mutual funds usually count. The house the family lives in doesn't, and neither does a fund you've already set aside for a goal you entered separately.
Does this estimate premium?
No. It estimates how much cover you need, not what an insurer would charge. Premiums depend on your age, health, smoking status, policy term and the insurer's underwriting, so get quotes once you know the sum assured.
Should I include my home loan if the lender sold me a loan insurance policy?
Check that policy's terms first. Some loan-linked covers reduce as the loan is repaid or pay only the lender. If yours fully clears the outstanding loan, you can leave the loan out here; if you're unsure, include it so the family isn't left short.
How many replacement years should I pick?
A common approach is the years until your youngest child finishes education and becomes independent, or until your spouse's own retirement if they rely on your income. Longer is safer: each extra year adds one full year of expenses to the cover.
Why doesn't the result match 10 or 15 times my salary?
Because it starts from what your family spends, not what you earn, and adds loans and goals separately. A high earner with modest expenses and no loans may need less than 10×; a family with a large home loan and young children often needs more.