Life Insurance Cover
Estimate additional life cover based on income replacement, loans, and existing policies.
year
Results
Income replacement need
₹1,20,00,000
Loan cover
₹15,00,000
Additional cover needed
₹1,15,00,000
Income need
₹1,20,00,000
88.9%
Loan cover
₹15,00,000
11.1%
Frequently asked questions
Q.1What is a life insurance cover calculator?
It estimates how much additional life insurance you may need based on income your family would replace and outstanding liabilities, minus cover you already have.
Q.2How many income replacement years should I use?
A common range is 8–15 years depending on dependents, spouse income, and financial goals. Adjust to your situation.
Q.3Does this recommend a specific policy?
No. This is a needs-based estimate only. Compare term plans and riders with a licensed insurance advisor.
Q.4What counts as existing cover?
Include active term insurance and other life policies. Exclude pure investment products unless they provide guaranteed death benefit relevant to your plan.