Term Insurance Cover
Find how much life cover your family actually needs.
How this is calculated
We take the higher of two methods: Human Life Value (the present value of your income until retirement) and a needs-based estimate (loans + ten years of income for your family, less existing investments). Your cover gap is the recommendation minus what you already have.
Why term insurance?
Pure term cover gives the largest protection for the lowest premium, so your family's lifestyle and loans are secured if something happens to you.
Is 10× income enough?
10–15× income is a common rule of thumb, but loans and dependents matter — that's why we also compute a needs-based figure and take the higher one.
Want this tailored to your situation?
Get a free, no-pressure call with a registered advisor.
These calculators provide estimates for educational purposes only and are not personalized investment advice. Mutual fund investments are subject to market risks.