Life Insurance Calculator

Find your ideal coverage and learn how to make it cost-free.

₹
Max: ₹100 Cr
Yrs
Max: 60 Yrs
Yrs
Max: 40 Yrs

Small investment to cover premium cost.

₹
Max: ₹1 L
%
Max: 50%
Estimated Annual Premium

₹15.79 K

Think of it as a self-funding plan: By investing ₹2.00 K monthly, the profits alone will cover your entire premium cost in just 9 years. Effectively, your life insurance becomes free!
Premium Cost
₹4.74 L
Coverage
₹1.00 Cr
Monthly Premium₹1.32 K
Break-even9th Year
SIP Amount₹61.62 L
Coverage₹1.00 Cr

Why Term Life Insurance?

Term life insurance is the purest and most cost-effective form of life insurance. Unlike endowment or ULIP plans which mix insurance with investment (often poorly), a term plan gives you massive coverage for a fraction of the cost, ensuring your family's financial security in case of unforeseen events.

Pro Tip: Buy Term & Invest the Rest

Never mix insurance and investment. Buy a pure term plan for your coverage needs, and invest the difference (what you would have paid for a costly endowment policy) into equity mutual funds via SIPs. This strategy will almost always result in significantly higher overall wealth generation.

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