RapidCheck

Sum Assured Calculator

Find the life cover (sum assured) suitable for your income.

Last updated: 20 Aug 2026

Quick answer

A common guideline sets the sum assured at 10–20 times your annual income: sum assured = annual income × multiple. For example, 15× on ₹10,00,000 income is ₹1.5 crore. Enter your income and multiple above.

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The sum assured is the guaranteed payout of a life policy. A common guideline is 10–20× your annual income, adjusted for loans and goals.

How to decide your sum assured

  1. 1 Enter your annual income.
  2. 2 Choose an income multiple (10–20×).
  3. 3 We show a suggested sum assured.

Frequently asked questions

What is sum assured?
The fixed amount an insurer pays on the covered event (e.g. death of the life insured).
How much sum assured do I need?
A common rule is 10–20× annual income; add outstanding loans and subtract existing assets for accuracy.
Sum assured vs sum insured?
Sum assured is a fixed payout (life insurance); sum insured is the reimbursement cap (health/general insurance).

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