Calculators
Human life value and term cover
Estimate the life cover your family may need and an indicative monthly cost.
Human life value and term cover
Indicative monthly cost
₹441 to ₹617 a month
about ₹14 to ₹20 per day
Indicative, not an insurer quote. Actual premium depends on the insurer, medical and underwriting.
Estimated cover to consider
₹92 L
This cover is about 15 years of your income.
Term cover: the cover your family may need to keep its income, repay loans and meet goals, after your savings and existing cover.
- Value of income to replace
- ₹90.14 L
- Loans
- ₹0
- Education, marriage and other goals
- ₹0
- Final expenses
- ₹2 L
- Less savings and existing cover
- ₹0
Illustrative estimate, not an insurer quote. This is an illustrative estimate, not an insurer quote or advice. Our representatives will give you more accurate advice before you make an insurance decision.
Your report
Human life value and term cover · 5 November 2026
Indicative monthly cost
₹441 to ₹617 a month
about ₹14 to ₹20 per day
Indicative, not an insurer quote. Actual premium depends on the insurer, medical and underwriting.
Estimated cover to consider: ₹92 L
This cover is about 15 years of your income.
Your inputs
| Current age | 30 years |
|---|---|
| Retirement age | 60 years |
| Gender | Male |
| Smoker or tobacco user | No |
| Annual income | ₹6 L |
| Expected income growth | 6 % |
| Monthly personal expenses | ₹15,000 |
| Number of dependants | 2 |
| Ages of dependants | 5, 60 |
| Spouse is earning | No |
| Home loan outstanding | ₹0 |
| Other loans | ₹0 |
| Children's education goal (today's cost) | ₹0 |
| Marriage goal (today's cost) | ₹0 |
| Other goals | ₹0 |
| Inflation you assume | 6 % |
| Existing savings and investments | ₹0 |
| Existing life cover (policies) | ₹0 |
| Employer life cover | ₹0 |
| Final expenses | ₹2 L |
Results
| Value of income to replace | ₹90.14 L |
|---|---|
| Loans | ₹0 |
| Education, marriage and other goals | ₹0 |
| Final expenses | ₹2 L |
| Less savings and existing cover | ₹0 |
At a glance
- Total need₹92.14 L
- Gap (cover to consider)₹92 L
Assumptions
- Future money is discounted at 8% a year.
- Income growth 6% and inflation 6% are the values you entered.
- If the spouse earns, income to replace is cut by 20%.
- Employer cover is counted at 50%.
- Cover term is taken as 30 years: until retirement age, or until the youngest dependant is 25, whichever is later.
- Premium range uses placeholder rate tables (age, gender, tobacco use, term) pending owner data.
Step-by-step working
- Years to retirement: 60 - 30 = 30.
- Income to replace each year: income - personal expenses (₹1,80,000) = ₹4,20,000.
- Present value of that income over 30 years: ₹90.14 L.
- Add loans ₹0, goals ₹0 and final expenses ₹2 L: total need ₹92.14 L.
- Subtract savings and existing cover ₹0: gap ₹92 L (rounded to the nearest lakh).
Assure Bharat advisors: call +91 44-46578867, WhatsApp +91 73973 93938 or write to customercare@assurebharat.com.
Illustrative estimate, not an insurer quote. This is an illustrative estimate, not an insurer quote or advice. Our representatives will give you more accurate advice before you make an insurance decision. Assumption you entered, not a promise applies to any rate you entered.