Loading page
About this tool
Work out how much term life, health and personal accident cover you need from income, family, loans and city.
Pick the insurance type, enter your situation and see a sensible cover amount with the reasoning. This page brings together 3 separate insurance cover calculator pages (Health insurance, Personal accident, Term insurance) so you can compare them without hunting for the right one.
Open Insurance Cover Calculator on AltFTool — it loads instantly in your browser.
Choose your insurance at the top: Health insurance, Personal accident, Term insurance. On a phone it is a drop-down list.
Fill in the insurance cover calculator for that insurance; each of the 3 options keeps its own rules, data and defaults.
Read the result, then switch insurance to compare. The page link keeps your insurance (?v=health-insurance), so you can bookmark or share it.
Health insurance, Personal accident, Term insurance and the rest sit behind one picker, so switching insurance takes a tap instead of a new search.
Every insurance keeps its own rules, numbers and defaults rather than one generic template.
The link remembers the insurance you picked, so a bookmark or a shared link opens straight on it.
3: Health insurance, Personal accident, Term insurance. Pick one at the top of the tool; the page link updates (for example ?v=health-insurance) so you can bookmark or share that exact view.
For a young metro family of three, most planners suggest at least ₹15-25 lakh of floater cover, because a single cardiac or oncology admission in a top metro hospital can run past ₹10 lakh. Smaller cities need less, and households with senior members or chronic conditions need more.
A common working rule is ten to fifteen times gross annual income, plus outstanding loans and any education corpus your family would still need. Most Indian insurers will not issue a capital sum insured above about ten times income without extra proof of earnings, because personal accident indemnifies lost earning capacity.
A common shorthand is 10-15 times annual income, but a needs-based figure is more reliable: the corpus that replaces your family's share of your income for the years they depend on it, plus all outstanding loans and future goals, minus liquid assets and existing cover. That is exactly what this calculator computes.
Add the Insurance Cover Calculator widget to your blog or website — free, responsive, no signup. Just keep the “Widget by AltFTool” credit link visible.
<iframe src="https://www.altftool.com/embed/widget/insurance-cover-calculator"
title="Insurance Cover Calculator — free AltFTool widget"
width="100%" height="640" style="border:0;border-radius:12px;overflow:hidden"
loading="lazy" referrerpolicy="no-referrer-when-downgrade" allow="clipboard-write"></iframe>
<p style="font-size:12px;margin:4px 0 0">Widget by <a href="https://www.altftool.com/tools/all/insurance-cover-calculator?utm_source=embed&utm_medium=widget" rel="nofollow">AltFTool — free online tools</a></p>