Life Cover Estimator
How Much Cover Do You Need?
HLV Method
Calculate the exact term insurance cover your family needs using the Human Life Value method. Income replacement, outstanding loans, education goals — minus your existing assets.
Life Cover Estimator
Human Life Value (HLV) method — most accurate way to calculate your cover need
Life Insurance — At a Glance
Key numbers every Indian earner should know before buying term insurance
Life Insurance Guide Book
Everything you need to know — cover calculation, types, riders, and claims
HLV Method
Human Life Value calculates the present value of all future earnings. It's personalised — accounts for income, years, liabilities and existing assets. Most financial planners recommend this over simple multiples.
Quick Thumb Rule
10–15× annual income. Simple and fast but may under- or over-insure. Use as a sanity check after the HLV calculation — your HLV result should be at least 10× your income.
Term Insurance
Pure protection — highest cover at lowest premium. ₹500/month for ₹1 Cr at age 25. No investment component. Financial planners universally recommend: buy term, invest the rest.
- Online plans 30% cheaper than offline
- Add CI rider for critical illness
- Choose CSR above 98% always
Essential Riders
- Critical Illness: Lump sum on 36+ disease diagnosis
- Accidental Death: 2× sum assured on accident death
- Waiver of Premium: Cover continues if disabled
- Terminal Illness: Accelerated payout on terminal diagnosis
Calculate Cover
Use HLV above
Compare Plans
Check CSR + Premium
Disclose Fully
Health + lifestyle
Review Every 5yr
Income changes → cover changes
Pro Tips — Term Insurance
Expert strategies to get best coverage at lowest cost
Buy Early — Every Year Costs More
Term premium locks in at the age you buy. A 5-year delay from 25 to 30 increases your monthly premium by 30%. A 10-year delay from 25 to 35 increases it by 80%. You pay the higher premium for the full remaining term.
Quit Smoking → Save ₹350+/Month
Smokers pay 50–70% higher premium. After quitting for 12 months, most insurers reclassify you as non-smoker. Declaration + new medical = instant premium reduction on renewal.
Always Disclose Medical History
Never hide diabetes, hypertension, family history or past surgeries. If you do, the insurer can reject the claim citing non-disclosure — exactly when your family needs the money most.
Frequently Asked Questions
All your life insurance questions answered
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