Term Cover Calculator
Estimate an illustrative term insurance cover figure using the Human Life Value method — the present value of your future income, adjusted for loans, goals, existing cover and liquid investments. This is an illustration based on your own assumptions, not a recommended cover amount.
Your details
Adjust the amounts below to see how the illustration changes.
Not a guarantee — a neutral assumption you choose.
Used to bring future income back to today's terms — a neutral assumption you choose.
Your illustration
Based on an annual income of ₹12,00,000 over 25 years, growing at 6% and discounted at 8%, plus ₹20,00,000 in loans and ₹0 in future goals, less ₹5,00,000 existing cover and ₹0 in liquid investments, this works out to an illustrative figure of ₹2,56,90,490. This is not a recommended cover amount.
₹12,00,000 ki annual income aur 25 saal ko dhyan mein rakhte hue, Human Life Value method ₹2,41,90,490 dikhata hai, aur loans/goals add karne aur existing cover/investments subtract karne ke baad, ₹2,56,90,490 ka ek illustrative cover figure dikhata hai. Yeh koi suggested insurance amount nahi hai.
Income growth ya discount rate ki assumption badal ke dekhiye ki figure kitna sensitive hai — complete insurance-needs assessment ke liye kisi insurance professional se baat karne par vichar karein.
Learn about this calculator
Human Life Value (HLV) method use karke ek illustrative term insurance cover figure ka andaaza lagata hai.
HLV method retirement tak ke saalon mein aapki future income ki present value ka andaaza lagati hai, yeh maante hue ki income ek chuni gayi rate se badhti hai aur aaj ki terms par discount ki jaati hai — phir existing loans, goals, cover, aur liquid investments ke liye adjust ki jaati hai.
Yeh kaise kaam karta hai
Yeh specifically shared engine ke termCoverNeeded() model ko use karta hai — apni khud ki assumptions ke saath ek specific, purpose-built calculation, kisi aur insurance-needs method se alag.
Har input ka matlab kya hai
- Annual income
- Aapki current yearly income.
- Years to retirement
- Future income ke kitne saalon ka project karna hai.
- Assumed income growth
- Aapki income har saal kitni badhne ka anumaan hai — koi promise nahi.
- Discount rate
- Future income ko aaj ki terms par wapas laane ke liye use kiya jaata hai.
- Outstanding loans / Future goals
- Estimate mein add kiye jaate hain, kyunki woh cover karne ke liye additional obligations represent karte hain.
- Existing life cover / Liquid investments
- Estimate se subtract kiye jaate hain, kyunki woh pehle se hi naye cover ki zaroorat kam karte hain.
Results ka matlab kya hai
- Human Life Value
- Adjustments se pehle, sirf aapki projected future income ki present value.
- Illustrative cover figure
- Human Life Value, loans, goals, existing cover, aur liquid investments ke liye adjust ki gayi — koi recommended cover amount nahi.
Assumptions
- Income growth aur discount rate dono poore projected period mein har saal evenly apply hote hain — real income aur discount conditions vary karte hain.
Limitations
- Yeh policy eligibility, premium, underwriting outcomes, ya kisi insurer-specific terms ko determine nahi karta.
- Ek full insurance-needs assessment medical history, family structure, dusri policies, aur business obligations ko bhi weigh kar sakta hai, jinke baare mein yeh calculator nahi poochta.
- Yeh ek illustration hai, koi recommended cover amount nahi, aur yeh kisi specific insurer ya policy ki recommendation nahi karta.
Aam galtiyan
- Illustrative cover figure ko khareedne ke liye ek final number maan lena, na ki ek fuller conversation ke liye ek starting point.
- Yeh bhool jaana ki income growth aur discount rate ki assumptions figure ko kaafi hila sakti hain, kyunki woh kai saalon mein compound hoti hain.
FAQ
Kya yeh mujhe batata hai ki kitna term insurance khareedna hai?
Nahi — yeh ek illustration hai, koi recommendation nahi. Figure ko ek starting point maanein, final number nahi.
Kya yeh mere existing insurance aur savings ko dhyan mein rakhta hai?
Haan, agar entered ho: existing cover aur liquid investments subtract kiye jaate hain; loans aur goals add kiye jaate hain.
Is calculator dwara model na kiye gaye factors ko weigh karne ke liye kisi insurance professional se fuller conversation par vichar karein.
For illustration only. Not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Returns assumed are hypothetical and not guaranteed.