How much term cover do I need?

A common rule is 10–15× annual income plus outstanding loans, minus existing liquid assets. The calculator applies this rule.

Till what age should the term cover run?

Until your dependents are financially independent — typically up to age 60–65 or until liabilities are cleared.

Yes — premiums qualify under Section 80C (up to ₹1.5L) and the death benefit is tax-free under Section 10(10D).

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Find your ideal term cover instantly.

Reviewed by Nisha SLast verified 6 Sept 2026RBI-compliantFact-check policy

Annual Income₹12,00,000

₹1L₹10Cr

Dependents2

010

Total Liabilities₹20,00,000

₹0₹50Cr

Income Replacement (yrs)15 yrs

530

Suggested Cover₹2,02,00,000

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Personalised plan in 60 seconds.

Standard rule of thumb: 10–15× annual income plus outstanding loans, minus existing assets.

Cover = (Annual Income × Years) + Liabilities + ₹1L × Dependents

Everything you need to know about the Term Insurance Calculator.

Results are illustrative estimates for planning. Actual figures depend on bank/AMC terms, taxes and market conditions.