Term Insurance Calculator
టర్మ్ ఇన్సూరెన్స్ కాలిక్యులేటర్
How much term insurance cover your family needs: their expenses until you retire, loans and goals, less what you have.
టర్మ్ ఇన్సూరెన్స్ కాలిక్యులేటర్: మీ కుటుంబానికి ఎంత జీవిత బీమా కవర్ కావాలి, ఖర్చులు, రుణాలు, లక్ష్యాలు లెక్కించి.
Your result
Life cover you need కావలసిన బీమా
1.58 crore rupees
- Buy (rounded up)కొనవలసినది
- ₹1,60,00,000
- Family's expenses for 30 yearsకుటుంబ ఖర్చులు
- ₹1,57,60,723
- Rule of thumb: 10–15 × incomeసాధారణ లెక్క
- ₹1,20,00,000 to ₹1,80,00,000
How much term insurance cover do I need?
Enough to pay your family's expenses until you would have retired, clear what you owe and pay for the goals you planned, less what they would already have:
Cover = the family's expenses until then (today's value) + loans + goals − savings − cover you have
The expenses rise with inflation every year while the payout, invested, earns a return. At 6% inflation and a 7% return, 30 years of expenses need about 26.3 times one year's.
Example: at 30, cover until 60, a family that spends ₹6,00,000 a year without you, a ₹20,00,000 home loan, ₹15,00,000 for the children's education and ₹5,00,000 saved needs ₹1,87,60,723: buy ₹1,90,00,000. The 10–15 times rule gives ₹1,20,00,000 to ₹1,80,00,000 on ₹12,00,000 a year.
Term insurance cover by age
For a family that spends ₹5 lakh a year without you, cover until 60 comes to ₹1,35,00,000 if you are 30. Add your loans and goals, and take off savings and the cover you have.
| Your age | Years to 60 | Times a year's expenses | Cover for ₹5 lakh a year |
|---|---|---|---|
| 25 | 35 | 30 | ₹1,50,00,000 |
| 30 | 30 | 26.3 | ₹1,35,00,000 |
| 35 | 25 | 22.4 | ₹1,15,00,000 |
| 40 | 20 | 18.3 | ₹95,00,000 |
| 45 | 15 | 14.1 | ₹75,00,000 |
| 50 | 10 | 9.6 | ₹50,00,000 |
At 6% inflation and a 7% return on the payout, rounded up to the next ₹5 lakh as policies are sold.
Term insurance based on salary: the 10–15 times rule
A quick check is 10 to 15 times your yearly income: ₹1,20,00,000 to ₹1,80,00,000 on ₹12 lakh a year. It ignores your loans, your children's goals and how long the family needs support, so a young family with a home loan usually needs more, and someone close to retirement less.
Good to know
- A term plan pays only if the insured person dies during the term, which is why it costs far less than an endowment plan or ULIP for the same cover. Buy it in your own name: an employer's group cover ends with the job.
- Since 22 September 2025, individual life and health insurance policies pay no GST.
- The premium depends on your age, health, smoking and the insurer: compare quotes, and declare your health and habits truthfully so that a claim is not refused.
- Have an endowment or money-back policy already? The insurance return calculator works out what it really earns.
టర్మ్ ఇన్సూరెన్స్ అంటే ఏమిటి?
పాలసీ కాలంలో పాలసీదారు మరణిస్తేనే కుటుంబానికి బీమా మొత్తం చెల్లించే జీవిత బీమా టర్మ్ ఇన్సూరెన్స్. మెచ్యూరిటీ డబ్బు రాదు కాబట్టి ప్రీమియం తక్కువ. ఎంత కవర్ కావాలంటే: మీరు రిటైర్ అయ్యే వరకు కుటుంబ ఖర్చులు, రుణాలు, పిల్లల చదువు వంటి లక్ష్యాలు కలిపి, ఉన్న పొదుపు తీసేయాలి. సాధారణ లెక్క వార్షిక ఆదాయానికి 10 నుంచి 15 రెట్లు.
Questions
Does this calculator need my phone number?
No. It asks for no phone number, email or sign-up, and works the cover out on your own phone or computer.
Does it show the premium?
No: it works out how much cover to buy. The premium for that cover is quoted by insurers, by your age, health and habits.
Till what age should the cover run?
Until the family no longer depends on your income: usually your retirement, or until the children finish their studies and the home loan is paid. Cover beyond that costs more and is rarely needed.
What next? తర్వాత ఏం చూడాలి
See all calculators →Estimates for planning from the figures you enter. The insurer's quote, the policy wording and IRDAI's rules decide the actual cover, premium and payout.
