Personal Finance Calculators

Term Insurance Calculator

Compute the ideal term insurance sum assured using income replacement and the 10×–20× rule.

About the calculator

What is the Term Insurance Calculator?

The Term Insurance Calculator is a free online tool that helps you make informed decisions about your money. Enter your numbers and the calculator gives you instant, accurate results.

Use it to compare scenarios, plan goals and validate assumptions — all without signing up.

Formula used
  • Term cover
    Cover = (Income × Multiplier) + Liabilities − Existing

Why use the Term Insurance Calculator?

Financial planning works only when it's specific. The Term Insurance Calculator converts assumptions into concrete numbers — so you can choose between scenarios with confidence rather than guesswork.

How it helps

By tweaking inputs and instantly seeing the impact, you build intuition for how the underlying variables interact. This is far more useful than abstract formulas alone.

What to remember

Calculators show possible outcomes based on the assumptions you provide. Real-world results may vary; review your plan periodically and adjust as your income, goals and circumstances evolve.

Frequently Asked Questions

Pure protection — pays sum assured to nominee if insured passes during the term.
No maturity benefit — pure risk cover, hence very low premium.
As early as possible — younger age means lower premium for life.
Yes — up to age 60 or retirement age to protect dependents.
Critical illness and accidental death riders add value cheaply.
Online term plans are typically cheaper with smoother claims.

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