Term Insurance Calculator
Calculate the right term life insurance sum assured using the Human Life Value method.
Details
Result
Recommended Cover
₹4,70,00,000
10× Income
₹1,50,00,000
HLV Method
₹4,70,00,000
How much term insurance do I need?
The rule of thumb is 10-15× your annual income, but a more accurate method is Human Life Value — the present value of your future earnings until retirement. Add outstanding loans (home loan, personal loan) and subtract your existing life cover. Term plans are pure insurance — no investment component, cheapest premium for the highest cover.
Frequently Asked Questions
Everything you need to know, in one place.
How much life cover do I need?
Most financial planners recommend 10-15x your annual income, or the HLV (Human Life Value) — annual income × years until retirement, plus outstanding loans, minus existing cover.
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