WealthyMonks

Term Insurance Calculator

Estimate the right life cover to protect your family's future.

Yr
Yr
%
Living Expenses
4,29,68,174
Goals and Liabilities
26,00,000
Ideal cover amount would be  3,55,68,174
Annual Expenses vs Time
Projected annual expenses as you age
Charted expenses until you retire at 50 years old
Projections are estimates and may vary with actual returns and expenses
Summary Table
Age
Years to Retirement
Annual Expenses
Cumulative Insurance Cover
25
25
₹8,40,000
₹8,40,000
26
24
₹8,86,200
₹17,26,200
27
23
₹9,34,941
₹26,61,141
28
22
₹9,86,363
₹36,47,504
29
21
₹10,40,613
₹46,88,116
30
20
₹10,97,846
₹57,85,963
31
19
₹11,58,228
₹69,44,191
32
18
₹12,21,930
₹81,66,121
33
17
₹12,89,137
₹94,55,258
34
16
₹13,60,039
₹1,08,15,297
35
15
₹14,34,841
₹1,22,50,139
36
14
₹15,13,758
₹1,37,63,896
37
13
₹15,97,014
₹1,53,60,910
38
12
₹16,84,850
₹1,70,45,761
39
11
₹17,77,517
₹1,88,23,277
40
10
₹18,75,280
₹2,06,98,558
41
9
₹19,78,421
₹2,26,76,978
42
8
₹20,87,234
₹2,47,64,212
43
7
₹22,02,032
₹2,69,66,244
44
6
₹23,23,143
₹2,92,89,387
45
5
₹24,50,916
₹3,17,40,303
46
4
₹25,85,717
₹3,43,26,020
47
3
₹27,27,931
₹3,70,53,951
48
2
₹28,77,967
₹3,99,31,919
49
1
₹30,36,256
₹4,29,68,174

FAQs

Term insurance is a life insurance policy that provides financial protection to your dependents in case of your untimely demise during the policy term. It ensures that your family's financial needs—like daily expenses, loan repayments, and future goals—are taken care of.