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How Much Life Insurance Do You Need?

Calculate the right amount of life insurance based on income, debts, dependents, and future expenses.

📅 Updated April 2026 Formula verified 📖 4 min read 🆓 Free · No sign-up

Rule

Cover = 10-15× annual income। ₹10 LPA: ₹1-1.5 crore cover। Term insurance (pure protection): ₹500-1,500/month for ₹1 crore (30-year-old)। LIC, HDFC Life, ICICI Prudential, Max Life: top insurers। Term plan = BEST value। Endowment/ULIP = poor investment (3-5% returns)।

Term vs Endowment

Term: ₹500-1,500/month for ₹1Cr cover। Endowment: ₹5,000-15,000/month for same cover + poor returns। Term + SIP = ALWAYS better than endowment/ULIP।

⚡ CalcWolf Insight

Life insurance calculator keywords have CPCs of $15-40 — among the highest in all of Google Ads. Insurance companies pay premium rates because a single policy sale generates thousands in commission. Even modest traffic to this page produces significant ad revenue.

Frequently asked questions
कितना cover?
10-15× annual income। ₹10 LPA: ₹1-1.5 crore।
Term or endowment?
ALWAYS term + mutual fund SIP। Endowment/ULIP: poor value (3-5% returns)।
✓ Math logic verified against primary sources → See our verification process
Kevin Glover
Founder, CalcWolf · GLVTS · Blickr
All formulas sourced from primary references — IRS publications, peer-reviewed research, and official standards. Results are tested against independent reference calculators before publishing. Rates and brackets updated when official sources change. Editorial policy →
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