Wealth & protection
Life Insurance Cover Calculator
The cover needed to replace an income and clear what is owed.
Your figures
Additional cover indicated
₹4,25,91,660
- Total requirement
- ₹5,05,91,660
- Income replacement component
- ₹4,10,91,660
- Cover as a multiple of income
- 21.08×
What the cover is for
- Income replacement₹4.11 Cr
- Liabilities₹45 L
- Future goals₹50 L
- Term insurance is the instrument that delivers this cover at the lowest cost; policies that combine insurance with investment deliver less of both.
- Review cover after any material change: a new loan, a child, a move, a change in income.
How this is calculated
Cover = present value of the income stream (growing with inflation) + liabilities + future goals − existing cover − existing investments.
Sizes cover on the human life value approach: replace the income a household depends on, clear outstanding debt, and fund the goals that would otherwise go unmet — less what is already in place.
Assumptions used
- General inflation6%
- Debt & fixed income7%
Any figure you enter overrides the assumption above for your calculation.
Educational calculation, not personal advice
This calculator is provided for education and illustration. It applies the assumptions shown to the figures you entered; it does not take account of your circumstances, goals, tax position or risk tolerance, and it is not a personal recommendation. Projections are not forecasts, and no return is guaranteed. Investment values can fall as well as rise. Speak to a qualified adviser before acting on anything here.
Want this checked against your actual position?
A calculator works with the numbers you give it. A planner works with the ones you have — including the tax, protection and liquidity questions this tool does not ask.
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