How Much Term Cover Do You Need?
Human life value vs income-multiple methods.
Your numbers
- Income replacement78%
- Loans12%
- Goals9%
- Income replacement
- ₹2,52,00,000
- Loans to clear
- ₹40,00,000
- Future goals
- ₹30,00,000
- Less: existing assets & cover
- ₹15,00,000
- As a multiple of income
- 17.2x
What this means.A pure term plan for ₹3.1 crore at your age typically costs ₹15,000–₹30,000 a year. Anyone selling you an "investment plan" with life cover is selling you roughly a tenth of the cover for ten times the premium.
Questions
Is this insurance information specific to India?
Yes. Everything on Credsir is written for Indian regulation, Indian tax law and Indian products — RBI rules, IRDAI norms, SEBI regulation and the current financial year’s income tax provisions.
How often is this page updated?
Rate tables are refreshed weekly, and immediately after an RBI policy change or a Budget announcement. Every figure on the page carries the date it was captured and a link to its source, so you can always see how current it is.
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No. We earn from partner links and advertising, but rankings come from a published scoring formula that runs identically on every product, whether we earn from it or not. Products we make nothing from appear in these lists whenever they win on the numbers.
Are these the rates I will actually be offered?
Advertised rates are the best case, reserved for applicants with a high credit score, stable income and a favourable profile. Your offer depends on your credit score, employer, income and existing obligations. Treat published rates as the floor, not the quote.