Most Indians are dangerously underinsured. Calculate exactly how much term cover and health insurance you need — then find the right plan in minutes.
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Insurance Coverage Calculators
Calculate your exact coverage need — free, instant, no signup
🛡️ How Much Insurance Do You Actually Need?
Most Indians have either no insurance or are significantly underinsured. Use these calculators to find your exact gap.
How it's calculated: Your term cover should replace your income for your dependents, clear all debts, and account for inflation. We use the Human Life Value (HLV) method — the standard formula used by IRDAI-registered advisors.
🛡️ Term Cover Analysis
Recommended Cover
—
Income Replacement (20x)—
Debt Clearance Buffer—
Inflation Adjustment—
Existing Cover—
Your Insurance Gap—
Suggested Policy Term—
Adjust the sliders to see your personalised recommendation.
⚠️ This calculator provides an estimate based on the Human Life Value method. Actual cover should be decided in consultation with an IRDAI-registered financial advisor considering your specific situation.
Why this matters: Medical inflation in India runs at 12–14% per year — far higher than general inflation. A plan that feels adequate today will be insufficient in 5 years. This calculator factors in your city, family size, and age.
No
Yes (Diabetes/BP/Heart)
🏥 Health Cover Analysis
Minimum Cover Needed
—
Base Cover (City-adjusted)—
Family Floater Multiplier—
Age Loading—
Pre-condition Buffer—
Existing Cover—
Coverage Gap—
Adjust inputs to see your personalised health cover recommendation.
💡 Consider a Super Top-Up plan to enhance coverage cost-effectively. It provides high cover at low premium by activating only after your base policy limit is exhausted.
Know Your Options
Term vs Endowment vs ULIP — Which is Right?
This is the most common confusion for Indian investors. Here's the honest breakdown.
🛡️
Term Insurance
✓ Recommended
Pure life cover — high sum assured at the lowest possible premium. No maturity benefit if you survive, but that's the point. Buy separately, invest separately.
Unit Linked Insurance Plan — mixes insurance with market-linked investment. High charges (premium allocation, fund management, mortality) eat into returns significantly.
Medical inflation is 12–14% p.a. in India. One hospitalisation without cover can wipe out years of savings. A family floater plan is non-negotiable for every household.
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Best for people who prioritise claim certainty
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Feature
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LIC Direct
Free advisory
✓ 1-on-1 call
Chat only
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✗ No
Compare multiple insurers
Curated
✓ 30+ insurers
✓ Multiple
LIC only
Unbiased (no commission push)
✓ Salaried advisors
Commission based
Commission based
✓ Direct
Claim settlement support
✓ Full support
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✓ Yes
✓ Yes
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Section 80C
₹1.5L
Term premium deductible (old regime)
Section 80D
₹25K–₹75K
Health insurance premium deduction
10(10D) Exemption
100%
Death claim proceeds fully tax-free
Simply Wealth Creation
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* This report is for informational purposes only and does not constitute financial advice. Returns are estimated and not guaranteed. Past performance is not indicative of future results. Please consult a SEBI-registered financial advisor before investing.
