Calculate Your Term Insurance Cover
The most common way people size term insurance is a rough rule like 10 times annual income. This calculator uses a more accurate method: it works out how much monthly income your family would need if you weren’t there to provide it, for as long as they’d need it, adjusted for inflation, then subtracts what your existing assets and cover already provide.
What is a Term Insurance Calculator?
A term insurance calculator estimates the life cover amount needed to replace your income for your family, rather than just insuring a lump sum. This calculator uses the income replacement method (the present value of a growing income annuity), which the SEBI Investor Education framework recommends as more accurate than simple income multiples, since it accounts for inflation eating into a fixed payout over time.
One Policy Rarely Covers the Whole Family's Risk
This calculator sizes cover for one income earner. In many Indian families, both parents work, and a shortfall in either income changes what the family needs. Term cover also needs to be reviewed as liabilities change, a new home loan, a child’s education costs, ageing parents, rather than bought once and forgotten.
How WealthNest.AI Helps Beyond This Calculator
WealthNest.AI tracks every term and life policy across your family alongside your investments, so you can see your total protection next to your total wealth. Upload your policy document and WealthNest reads the sum assured and premium automatically, no manual entry needed.
See this alongside every other account your family holds, all in one place. Download the WealthNest.AI app to get started.
Frequently Asked Questions
Find answers to common questions about our insurance services
A flat multiple doesn't account for inflation eroding a fixed payout over 20 to 30 years, or for your family's actual liabilities and existing assets. The income replacement method used here is more precise.
Roughly 0.40% of the cover amount per year as a general indicator. Actual premiums vary by age, health, and insurer, so this should be treated as directional, not a quote.
Yes. Outstanding liabilities like a home loan are added to the corpus required, while liquid assets and any existing term cover are subtracted.
Term insurance is generally the most cost-effective way to buy a large sum assured, though features like riders and claim settlement ratio matter alongside price. This calculator focuses on sizing cover, not comparing policy types.
Yes. Once uploaded or added, your policy appears in your family's insurance dashboard alongside every other policy and investment.
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Insurance is the subject matter of solicitation. All product information displayed is from the respective insurance companies.
Tatvartha Wealthnest AI Private Limited is a SEBI registered RIA with RIA no. INA000022464 and does not solicit insurance directly. Visitors to this page are solicited by Dwaith Advisory Pvt Ltd.
