Term Insurance Calculator

Term insurance calculator is an online tool that helps you determine the amount of coverage you need when buying a term life insurance policy.

Find how much term insurance cover you might need

My age is

years

My desired retirement age

years

Existing life cover, if any

What you get:

Existing savings ₹10,000
Existing liabilities ₹ 0 Lacs
Insurance cover ₹15.54 Lacs ₹2.5 Crs

Summary:

As per your stated savings and liabilities, we recommend an insurance cover of at least ₹15.54 Lacs to ensure enough coverage for your family in your absence.

Premiums increase by 10% for every year you get older and so does the chances of rejection. So it's better to start as early as possible.

Add-ons like income benefit on disability, critical illness and waiver of premium provide additional cover in cases of accidents or critical illnesses.

Premiums that you pay each year are completely tax free and you can save up to ₹46,800 u/s 80C.

What you get:

Existing savings ₹10,000
Existing liabilities ₹ 0 Lacs
Insurance cover ₹15.54 Lacs ₹2.5 Crs

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