Educational content only — not SEBI-registered investment advice, tax filing, or legal guidance. Rules and limits change; verify with official sources and qualified professionals.
Marketing suggests 15–20× income cover; the honest worksheet starts with human capital minus existing assets and liabilities.
Worksheet inputs
- Outstanding home loan and other debt.
- 5–10 years of essential household expenses (not lifestyle inflation).
- Children’s education lump sum in today’s rupees.
- Subtract EPF, existing term cover, and liquid investments earmarked for family.
Buy level cover you can afford for the full term — lapsed term insurance helps no one.
Related tools
Use our SIP calculator, EMI calculator, and income tax calculator for quick scenarios — then validate with a CA or SEBI-registered adviser for material decisions.
Bottom line
Term Insurance Cover Calculation Honest (2026) rewards a written plan: assumptions, review dates, and why you chose a path.