How much life cover does your family need?
Enter your income, loans and goals. You get a suggested term cover amount and a clear breakdown of how it was worked out.
How this estimate is worked out
- Income replacement: your annual income multiplied by an age-based factor (20× up to age 30, 15× for 31 to 40, 12× for 41 to 50, 8× above 50), limited to the years left until retirement with a minimum of 5 years.
- Loans and future goals are added, so your family is not left with debt or unfunded commitments.
- Existing personal life cover and usable savings are subtracted.
- The result is rounded up to the nearest ₹25 lakh, which is how term cover is usually offered.
- This is a planning guide. Insurers decide the maximum cover you qualify for based on income proof, age, health and lifestyle.
Term plans we can compare for you
Once you know the cover you need, we compare options across our insurer tie-ups and explain the differences in plain language.
TATA AIA Life Insurance
Term plans such as Sampoorna Raksha Promise and Maha Raksha Supreme Select, plus savings, retirement and child plans.
Motilal Oswal insurance panel
Through Motilal Oswal Financial Services Ltd (IRDAI Composite Corporate Agent, Reg. No. CA0579), with tie-ups across a panel of life insurers and gap analysis before recommending cover.
Have your cover reviewed, free
Mr. SRK Prasad will go through your result, check what insurers are likely to offer at your income and age, and explain premium options. No obligation.
Prefer to talk now? Call +91 92465 82445 or use the WhatsApp button.
Disclosure: This calculator gives an indicative estimate only. Product features, premiums and eligibility are determined by the respective insurer. Insurance is the subject matter of solicitation. IRDAI Agent Code: 9355098.