Term Insurance Calculator
Find out how much life cover your family truly needs using the Human Life Value method.
Your Details
Age affects working years remaining and premium
Your total annual take-home or gross income
Spouse, children, parents who depend on your income
Sum of all existing term, ULIP, or LIC policies
Home loan, car loan, personal loan — total outstanding
Enter your details and click "Calculate Required Cover" to see your personalised recommendation.
Important Notes
- Buy term insurance early — premiums are much lower at younger ages.
- Choose a cover period until age 60–65, not just 10–15 years.
- Prefer pure term plans over ULIP or endowment plans for protection.
- Ensure your nominee details are up to date and will pass KYC.
- Premium estimates are indicative. Actual premiums depend on your health profile and insurer.
How the Human Life Value (HLV) Method Works
Working Years Left
Calculate years remaining until retirement (age 60 assumed).
Income Replacement
Annual income × working years × dependents factor = base cover needed.
Add Liabilities
Outstanding loans must be cleared — add them to the required cover.
Subtract Existing
Deduct existing life cover to find the additional cover you need to buy.
Disclaimer: This calculator provides indicative cover recommendations using simplified HLV methodology. Premium estimates are rough approximations and not quotes. Actual premiums depend on insurer, health profile, lifestyle habits, and policy features. Insurance is subject to IRDAI regulations. Consult a licensed insurance advisor before purchasing any policy.
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