RapidCheck

Term Insurance Cover Calculator

Find how much term life cover your family needs.

Last updated: 13 Aug 2026

Quick answer

A common rule of thumb is a term cover of 10–20 times your annual income: cover = 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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Estimate the term life cover your family needs. A common guideline is 10–20× your annual income; for a fuller picture, also factor in loans and goals.

How to calculate term insurance cover

  1. 1 Enter your annual income.
  2. 2 Choose an income multiple (10–20× is common).
  3. 3 We show the suggested cover.

Frequently asked questions

How much term insurance do I need?
A common rule is 10–20 times your annual income, adjusted upward for outstanding loans and future goals.
Should I add loans to the cover?
Yes — ideally your cover should clear outstanding loans and still support your family, so add liabilities on top.
Is this exact?
It is a guideline; a detailed needs analysis (income replacement plus goals minus assets) gives a more precise figure.

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