Life Insurance Calculator
Estimate the recommended life insurance cover from income, dependents, debts and existing assets.
Inputs
yrs
INR
INR
INR
INR
people
Result
Recommended Coverage
₹13,500,000.00
Gross need ₹14,000,000.00 less your savings and existing cover
Income Replacement Estimate₹10,000,000.00
Dependent Buffer₹2,000,000.00
Debt Protection Estimate₹2,000,000.00
Existing Cover + Savings₹500,000.00
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Formula
Recommended = max(0, income × incomeMultiplier + dependents × perDependentYears × income + debts − savings − existing cover).
How it works
Life insurance is a contract that pays a sum assured to your nominee if you die during the policy term. The right cover protects your family's lifestyle, clears debts and funds future goals.
Example
Example: A 35-yr-old earning ₹10L/yr with 2 dependents, ₹20L of debt and ₹5L savings → ~₹1.35 Cr recommended cover.
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Frequently Asked Questions
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Disclaimer: Results are estimates for informational purposes only and should not be considered financial, medical, legal, or professional advice. Always consult a qualified professional before making decisions.