How much life insurance cover do I need?

The needs-based method adds what your family would need — living expenses for the support years, outstanding loans, and future goals like children's education — then subtracts your existing life cover and investments. For most earners this works out to roughly 15-20 times annual income, but the calculator gives your exact number.

Is 1 crore term insurance enough?

Often not. ₹1 crore invested conservatively supports roughly ₹35,000-40,000 of monthly expenses for about 25 years — before counting loans or children's education. If your family spends more, has a home loan, or has education goals ahead, you likely need ₹1.5-3 crore.

Till what age should my term insurance run?

Until your dependants become financially independent and your liabilities are repaid — for most people that is age 60-65. Covering beyond 65 raises premiums sharply and is rarely needed if you build retirement corpus separately.

What does 1 crore term insurance cost?

Indicative annual premiums for a ₹1 crore cover (male, non-smoker, as of July 2026): roughly ₹9,500-13,000 at age 25-30 and ₹15,000-20,000 at age 35. Smokers pay about double. Exact premiums vary by insurer and health — always verify with the insurer.

Life Insurance Calculator — Aapke Family ko Kitna Term Cover Chahiye?

Koi guess nahi, koi thumb rule nahi — needs-based jawab: income replacement + loans + bachon ke goals − jo aapke paas pehle se hai. Transparent math, 30 seconds.

Aapki Situation

Aapki age

Saalana income (₹)

15-20× thumb-rule comparison ke liye.

Monthly family kharch (₹)

Aapki income rukne par family ko har mahine kitna chahiye.

Kitne saal family ko support chahiye

Aam taur par sabse chhote bachche ke ~25 hone tak.

Bakaya loans (₹)

Home + car + personal — total bakaya principal.

Future bade goals (aaj ki cost, ₹)

Bachon ki padhai, shaadi, parents ki care.

Maujooda life cover (₹)

Sab maujooda term/traditional policies + employer cover.

Investments aur savings (₹)

FD, mutual funds, EPF, stocks — ghar aur emergency fund chhodkar.

Aapka Jawab

Recommended term cover

₹0

—

Income replacement corpus₹0

+ Bakaya loans₹0

+ Future goals₹0

− Maujooda cover₹0

− Investments aur savings₹0

Net zaroori cover (round up)₹0

Thumb rule check (income ka 15-20×)₹0

Indicative premium (₹1 Cr, non-smoker)—

Sirf estimate · Financial ya insurance advice nahi · Maanta hai corpus inflation se ~2% zyada kamata hai · Premiums indicative hain (July 2026), insurer aur health par depend · Pure term insurance lein, sab kuch imaandari se batayein

Ye calculator kaise kaam karta hai (transparent math)

Zyadatar log cover ka guess lagate hain ya agent ki baat maan lete hain. Ye tool wahi needs-based method use karta hai jo financial planners karte hain:

Income replacement: family ka monthly kharch, support ke saalon tak, ye maante hue ki claim amount invest hokar inflation se ~2% zyada kamati hai (conservative real return). Ye present-value annuity hai — sirf kharch × saal nahi.
+ Loans: har EMI jo warna family ko jhelni padti.
+ Goals: bachon ki padhai/shaadi aaj ki cost par (corpus inflation ke saath badhta hai).
− Jo pehle se hai: maujooda policies aur investable assets.

Result agle ₹25 lakh tak round-up hota hai, kyunki cover slabs mein milta hai aur under-insurance maksad ko hi haara deta hai.

"15-20× income" sirf starting point kyun hai

Thumb rule average kharch wale aam 30-saala vyakti ke liye theek hai. Par ye dono directions mein reality miss karta hai: bina dependants wale high earner ko kam chahiye ho sakta hai; bade home loan aur do chhote bachon wale ko zyada. Isliye ye calculator dono dikhata hai — aapka exact needs-based number aur thumb-rule band. Bahut fark ho to needs-based par bharosa karein.

₹1 crore cover ki asli keemat (July 2026, indicative)

Male non-smoker ke liye: lagbhag 25-30 ki age par ₹9,500-13,000/saal aur 35 par ₹15,000-20,000/saal. Smokers lagbhag double dete hain. Women ~10-15% kam. Jaldi khareedne se premium poori term ke liye lock ho jaata hai — 30 se 35 tak rukna har saal ~35% mehnga padta hai. Exact quotes insurer ki site par check karein; strong claim record wali company chunein — dekhein hamara official IRDAI claim settlement data.

Related tools & guides

Term Life Insurance Guide India — plans, riders, buying checklist.
Claim Settlement Ratio (IRDAI data) · LIC CSR · HDFC Life CSR
Emergency Fund Calculator · Child Education Planner
All Free Tools

Aksar Pooche Jaane Wale Sawaal

Mujhe kitna life insurance cover chahiye?

Needs-based method jodta hai jo family ko chahiye — support ke saalon ka kharch, bakaya loans, aur bachon ki padhai jaise goals — phir maujooda cover aur investments ghatata hai. Zyadatar ke liye ye annual income ka 15-20 guna baithta hai, par calculator aapka exact number deta hai.

Kya ₹1 crore term insurance kaafi hai?

Aksar nahi. ₹1 crore conservative invest par lagbhag 25 saal tak ₹35,000-40,000 monthly kharch sambhalta hai — loans ya bachon ki padhai gine bina. Kharch zyada ho, home loan ho, ya education goals hon to ₹1.5-3 crore chahiye ho sakta hai.

Term insurance kis age tak chalna chahiye?

Jab tak dependants financially independent na hon aur liabilities chuk na jayein — zyadatar ke liye 60-65 ki age. 65 ke baad cover premium tezi se badhata hai aur retirement corpus alag se bane to shayad hi zaroori hai.

₹1 crore term insurance ki keemat kya hai?

₹1 crore cover ke indicative saalana premiums (male, non-smoker, July 2026): 25-30 ki age par lagbhag ₹9,500-13,000 aur 35 par ₹15,000-20,000. Smokers lagbhag double. Exact premiums insurer aur health par depend — hamesha insurer se check karein.

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