Term Cover Calculator
How much life cover do I actually need?
Premium
Term Cover Calculator is part of the paid plan
This one reads your actual position rather than projecting a single instrument, which is where the paid product starts. The free calculators below cover projections, loans and deposits in full — no signup, no limits.
What this calculation assumes
- •This is a needs-based calculation, not an income multiple: income replacement plus liabilities plus goals, less existing assets and cover.
- •Income replacement is discounted at the real rate, assuming the payout is invested and drawn down against inflation.
- •An 8% return and 6% inflation are assumed for that discounting.
- •Existing cover from an employer is usually not portable — count it only if you are confident it will still be there.
- •This estimates the cover amount, not the premium, which depends on your age, health and insurer.
Illustrative only. These figures assume constant rates and do not predict actual returns. Markets, taxes and inflation vary. This is educational information, not financial advice — consult a SEBI-registered adviser before making investment decisions.
About this calculator
A needs-based calculation: income replacement plus liabilities plus goals, less what you already have.