How much term cover do I need?

Rule of thumb: 12-15× annual income, adjusted for liabilities, dependants, and existing investments. The HLV method is more precise — it discounts your future income to present value.

Term Insurance Cover Calculator (HLV)

Calculate ideal term insurance cover using the Human Life Value (HLV) method — replaces your income for dependants till retirement.

Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)

Annual income15 Lakh

₹

Current age

yrs

Retire age

yrs

Years dependants need cover

yrs

Your savings rate

Income going to savings (not consumed by family)

Recommended term cover

₹2.97 Cr

Human Life Value method

Annual replacement need

₹10.50 L

Years of cover

💡 Quick rule of thumb: 12-15× annual income = ₹1.9 Cr to ₹2.3 Cr

Frequently asked questions

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