Term Life Insurance Coverage Calculator
Calculate the ideal term insurance cover using the Human Life Value method.
Recommended cover
₹1,32,61,178
PV of future income
₹1,12,61,178
Based on the Human Life Value method, you need approximately ₹1,32,61,178 in term life cover to replace your income and obligations for your family.
How this calculator works
The Human Life Value method calculates how much life insurance you need by estimating the present value of the income your family would lose if you weren't there to earn it — plus outstanding debts, minus what you've already saved or insured.
Worked example: a 32-year-old earning ₹12,00,000/year, retiring at 60, with ₹30,00,000 in liabilities and ₹10,00,000 in existing cover, needs approximately ₹1.33 crore in term life cover — the present value of their future income (₹1.13 crore) plus liabilities, minus existing cover.