Insurance Planning
Term Insurance
Cover Calculator
Income replacement + liability method. See exactly how much cover you actually need.
Annual Take-Home Income
Total Outstanding Liabilities
Home loan + car loan + personal loan + other EMIs
Existing Life Insurance Cover
Sum assured from all active policies
Current Age
Dependents
Smoker?
Significantly affects premium
Recommended Cover
3.22 Cr
26.8× your annual income (Income replacement + liability method)
Cover Gap ⚠️
3.22 Cr gap
Est. Monthly Premium
₹1,932
~1.9% of your income
⚠️ Protection Gap
You're under-insured by 3.22 Cr. Your family would need this to maintain their lifestyle on your existing cover.
📌 India Insurance Gap
Only ~35% of earning Indians have adequate term coverage (IRDAI Annual Report 2023-24). Life insurance penetration: 3.2% of GDP. Premium estimate is indicative — actual premiums vary by insurer, health, and lifestyle.