Inputs & Parameters
InsuranceMoney your family needs per year
Years until dependants are self-sufficient
Home loans, Car loans, Debts
Bank balance, MFs, existing Insurance
Your Protection Gap
₹1,90,00,000
This is the recommended Term Insurance cover you should have today to ensure your family stays debt-free and maintains their lifestyle in your absence.
Need Breakdown
Critical Note
Always disclose all medical conditions and habits (smoking/drinking) honestly. Incorrect disclosure is the #1 reason for claim rejection. A rejected claim is a 100% loss for your family.
The 10X Rule
A common rule of thumb is to have at least 10-15 times your annual income as life cover. However, the HLV method (above) is much more accurate for your specific situation.
Buy Term, Invest Rest
Pure term insurance gives the highest cover for the lowest premium. Avoid mixing insurance with investment.