Financial planning tool

Term Insurance Needs Calculator

Estimate the cover your family needs based on living costs and future responsibilities.

Family living costs

Cover the spending gap your family would face, rather than replacing your full income.

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For context only; it does not directly determine cover.
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Include a spouse’s salary, rental income or pension your family can rely on. Exclude withdrawals from savings.
years
How long would your family need financial support in your absence if your income stopped?

Future financial needs

Enter each need in today’s rupees. Leave out costs already included in family expenses.

For recurring needs, the amount is annual and payments start after the selected number of years.

Current debts

Add each outstanding balance that your family would need to repay.

Enter today’s outstanding balance. Do not also include the same debt in future needs or family expenses.

What is already available

These reduce the additional insurance your family needs.

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Include savings and investments your family could use for living expenses, future needs and debts. Exclude your home and assets unavailable for these purposes.
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Advanced assumptions
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Education inflation of 10% is a conservative long-term planning assumption. Actual increases vary by course, institution and location.

This is an estimate for planning, based on the values and assumptions you enter. Review the result alongside your family’s actual obligations and the availability of your assets.