Term Insurance Calculator
Estimate ideal term insurance sum assured for any age, income and coverage period.
Inputs
yrs
INR
yrs
Typical range: until age 60–65
INR
INR
Result
Suggested Sum Assured
₹20,000,000.00
15× income + liabilities − assets
Financial Protection Estimate₹21,000,000.00
Coverage Duration30 years
Income Component₹18,000,000.00
Net of Existing Assets₹1,000,000.00
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Formula
Sum Assured = max(0, income × incomeMultiplier + liabilities − assets).
How it works
Term insurance is the cheapest form of life cover — a pure-protection plan with no maturity benefit. It is the most efficient way to buy a large sum assured.
Example
Example: 30-yr-old, ₹12L income, ₹10L assets, ₹30L liabilities → ~₹2 Cr sum assured for 30 years.
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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.