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Term Insurance Coverage Calculator

Find the exact sum assured your family needs using the Human Life Value method — based on income, loans, and dependents.

Personal Details
Age
yrs
Term plans available for age 18–65
Spouse, children, parents who rely on your income
Financial Details
₹
Gross salary or business income per year
₹
Home loan + car loan + personal loan + business debt
₹
Sum of all existing life policies including LIC
Coverage Breakdown
  • Income protection (10–15× annual)—
  • Outstanding loans—
  • Future goals buffer (3× income)—
  • Less: existing coverage— ₹0
  • Recommended coverage—
Calculated using Human Life Value (HLV) method. Actual sum assured should be finalised with a licensed advisor. Premium estimates are indicative for a non-smoker in good health.
Recommended Sum Assured
₹0
Rounded to nearest ₹25L for practical purchase
Estimated Premium
—
Tenure
—
Existing Cover
₹0
Coverage Gap
—
Coverage Analysis
Composition
Advisor Note
Enter your details and click Calculate to see your personalised coverage recommendation.

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Insurance Calculator | Insuredge - Calculate Coverage Needs

Insurance Calculator

Calculate how much life insurance coverage you need to protect your family's future

Personal Details

Annual Income ₹12 Lakh
₹3 Lakh ₹50 Lakh
Current Age 30 years
18 years 60 years
Retirement Age 60 years
40 years 75 years
Number of Dependents 2
0 6
Spouse, children, or parents who depend on your income

Financial Details

Existing Liabilities ₹5 Lakh
₹0 ₹50 Lakh
Home loan, car loan, personal loans, credit card debt
Existing Savings & Investments ₹2 Lakh
₹0 ₹1 Crore
Child Education Fund Required ₹10 Lakh
₹0 ₹50 Lakh
Medical Emergency Fund ₹5 Lakh
₹0 ₹20 Lakh
Spouse Life Expectancy (Years) 25 years
5 years 40 years
Years your spouse would need financial support

Recommended Coverage

Your Recommended Life Insurance Coverage
₹
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0
Estimated Annual Premium: ₹
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0 (Approx. ₹
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0 per month)

Coverage Breakdown

Income Replacement (
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years) ₹
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0
Existing Liabilities ₹
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0
Child Education Fund ₹
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0
Medical Emergency Fund ₹
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0
Final Expenses ₹
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0
Less: Existing Savings - ₹200,000
TOTAL COVERAGE NEEDED ₹
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0

Our Recommendation

Based on your profile, we recommend:

  • Term Insurance: ₹
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    0 for
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    years
  • Critical Illness Rider: Add ₹
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    0 coverage
  • Accidental Death Benefit: Consider additional coverage
  • Premium Payment Term:
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    years (Pay till age
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    )

Note: This is an estimate. Actual premium may vary based on health, lifestyle, and insurance provider.

Insurance Types Comparison

Type Coverage Premium Best For
Term Insurance ₹
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0		 ₹
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0/month		 Pure protection, affordable
ULIP ₹
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0		 ₹
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0/month		 Insurance + Investment
Endowment Plan ₹
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0		 ₹
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0/month		 Savings + Insurance
Whole Life ₹
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0		 ₹
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0/month		 Lifetime coverage
=================
Home/ Calculators/ Coverage Calculator
Free · No Sign-up

Term Insurance Coverage Calculator

Find the exact sum assured your family needs using the Human Life Value method — based on income, loans, and dependents.

Personal Details
Age
yrs
Term plans available for age 18–65
Spouse, children, parents who rely on your income
Financial Details
₹
Gross salary or business income per year
₹
Home loan + car loan + personal loan + business debt
₹
Sum of all existing life policies including LIC
Coverage Breakdown
  • Income protection (10–15× annual)—
  • Outstanding loans—
  • Future goals buffer (3× income)—
  • Less: existing coverage— ₹0
  • Recommended coverage—
Calculated using Human Life Value (HLV) method. Actual sum assured should be finalised with a licensed advisor. Premium estimates are indicative for a non-smoker in good health.
Recommended Sum Assured
₹0
Rounded to nearest ₹25L for practical purchase
Estimated Premium
—
Tenure
—
Existing Cover
₹0
Coverage Gap
—
Coverage Analysis
Composition
Advisor Note
Enter your details and click Calculate to see your personalised coverage recommendation.

Get an exact premium quote from 20+ insurers in one call.

Get Free Quote

Other calculators

SIP Calculator

Project your mutual fund returns
Retirement Planner

Calculate your corpus target