Life Insurance Requirement Calculator
The term cover your family would actually need.
Life Insurance Requirement Calculator
The term cover your family would actually need.
- Cover you need
- ₹2.20 crore
- Additional cover required
- ₹1.70 crore
- As a multiple of income
- 14.7×
How is this calculated?
Formula: Need = family expenses × years to replace + outstanding loans + goals to protect − existing investments. Existing cover is then deducted.
- This sizes the cover only. Bluman does not recommend any particular insurer or policy.
Your entries are user inputs; rates and returns you cannot control are assumptions. Results are illustrative, not a statutory computation.
How this calculator works
Need = family expenses × years to replace + outstanding loans + goals to protect − existing investments. Existing cover is then deducted.
Assumptions
- This sizes the cover only. Bluman does not recommend any particular insurer or policy.
Statutory limits used here reflect FY 2025-26 (AY 2026-27). Results are illustrative and do not constitute tax, legal or investment advice. Speak to a Bluman Chartered Accountant before acting on them.
Need help putting this into action?
Book a Bluman consultation