Insurance Calculator
Term Insurance Coverage Calculator
How much term insurance do you actually need? This calculator uses the Human Life Value (HLV) method to compute the right cover — enough for your family’s expenses, debts, and future goals.
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Methodology. Human Life Value (HLV) approach: Term cover = (Annual income × income-replacement years × % needed) + outstanding loans + future goals – existing assets. Income replacement years = years to retirement. Rule of thumb sanity check: term cover should be 10–20× your annual income. Term insurance is pure protection — buy via online direct plans (LIC, Max, HDFC Life, ICICI Pru); avoid endowment/ULIP cover. Premiums are deductible under Section 80C up to ₹1.5L (along with EPF/PPF/ELSS).