Life Insurance Calculator India 2025
Find out how much life insurance you need to fully protect your family’s finances.
Additional Life Insurance Needed
₹3.05 Cr
DIME Method Breakdown
Estimated Annual Premium
₹15.25 K
Approximate term insurance premium
Term insurance is highly recommended at your age for maximum coverage at low cost.
Understanding the DIME Method
A comprehensive approach to calculate your life insurance coverage needs
D - Debts
Outstanding debts
- • Credit card balances
- • Personal loans
- • Business loans
- • Other outstanding debts
I - Income
Income replacement
- • Annual salary × years
- • Future earnings
- • Income till retirement
- • Inflation adjustment
M - Mortgage
Outstanding balance
- • Home loan balance
- • Property loans
- • Real estate debt
- • Investment property loans
E - Emergency
Final expenses
- • Final expenses
- • Child education fund
- • Medical emergencies
- • Family transition costs
💡 Pro Tip
The DIME method provides a comprehensive assessment of your insurance needs. Consider your existing assets and insurance policies to avoid over-insurance while ensuring adequate protection for your family.
Who Should Consider Life Insurance?
Life insurance is crucial for different life stages and financial situations
Who Should Opt For Life Insurance
Primary Earners
Family depends on your income
Parents with Young Children
Education and upbringing costs
Loan Borrowers
Outstanding debts and mortgages
Business Owners
Business continuity and partnerships
Who Can Consider Lower Coverage
Single with No Dependents
No one relies on your income
Wealthy Individuals
Sufficient assets to support family
Retirees
Children are financially independent
Dual High Earners
Partner can maintain lifestyle alone
Tax Benefits of Life Insurance in India
Section 80C
Section 10(10D)
Additional Benefits
Life Insurance FAQs
Everything you need to know about life insurance and coverage calculation
Life insurance is a contract that provides financial protection to your family in the event of your death. It ensures your dependents can maintain their lifestyle and meet financial obligations even without your income.
Key Purpose: Replace lost income, pay off debts, cover children's education costs, and provide financial security to your family during difficult times.
Need More Help?
Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.
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