Free Insurance Calculators
Estimate life insurance coverage, health insurance premiums, car insurance costs and plan your complete insurance portfolio. All calculators are free, instant, and require no signup.
About Life Insurance Calculator
Life insurance cover should replace your income for dependants if you pass away unexpectedly. The standard recommendation is 10-12x your annual gross income. Our calculator uses the Human Life Value (HLV) method: present value of future income discounted at a conservative rate, minus personal expenses. A 35-year-old earning Rs 12L/year needs at least Rs 1.2-1.5 crore cover.
Pure term plans give the most cover for the lowest premium - a healthy 30-year-old can get Rs 1 crore cover for Rs 8,000-12,000/year. Avoid mixing insurance and investment (ULIPs, endowment plans) - they deliver inferior returns on both fronts. Always buy when young and healthy; premiums increase significantly with age. Premium paid for term plans qualifies for Section 80C deduction up to Rs 1.5L.
DIME Method: Debt + Income replacement + Mortgage + Education
About Health Insurance Estimator
Health insurance protects against catastrophic medical expenses. Key parameters: sum insured (minimum Rs 5-10L for individuals; Rs 15-25L for metro families), no room rent sub-limits, no co-payment clauses, and a wide network of cashless hospitals. Pre-existing conditions must always be disclosed - hiding them voids claims.
Premium factors: age (costs double or triple between 30 and 50), city tier, sum insured, and medical history. Corporate health cover from employers is insufficient and ends with employment - always maintain a personal family floater policy. Premium paid up to Rs 25,000 (Rs 50,000 for senior citizens) qualifies for Section 80D tax deduction. Top-up and super top-up plans are cost-effective ways to increase cover without paying full standalone premiums.
Tip: Buy young — premiums are 60–70% lower in your 20s vs 50s
About Car Insurance Estimator
Car insurance in India has two components: Third-party (TP) liability (mandatory by law) and Own Damage (OD) cover. Together they form a comprehensive policy. TP premium is fixed by IRDAI based on engine cubic capacity; OD premium depends on Insured Declared Value (IDV), age of vehicle, and add-ons.
IDV = (Ex-showroom price minus depreciation). A 3-year-old car has depreciated about 30%. Higher IDV means higher premium but better claim payout. No Claim Bonus (NCB) discounts range from 20% (1 claim-free year) to 50% (5+ claim-free years) off OD premium. Key add-ons worth buying: zero depreciation cover, engine protection, and return to invoice (pays original purchase price if total loss).
NCB: No Claim Bonus — reward for not making claims
About Term Insurance Calculator
Term insurance is pure life cover - it pays the sum assured if the insured dies within the policy term, and nothing otherwise. This makes it the most affordable form of life insurance. Premiums are 5-10x lower than endowment or ULIP plans for equivalent cover. A 30-year-old non-smoker male can get Rs 1 crore cover for 30 years for Rs 8,000-10,000/year.
Important riders to consider: Accidental death benefit (doubles payout for accidental death), Critical illness cover (lump-sum payout on diagnosis of 36+ diseases including cancer, heart attack, stroke), and Waiver of premium (premiums waived if diagnosed with critical illness). Choose a claim settlement ratio above 95% - this is publicly disclosed by IRDAI. Online term plans are 30-40% cheaper than offline agent-sold plans for identical cover.
Claim Settlement Ratio: Always check CSR before buying (aim for 98%+)
Over-insured > 8% | Under-insured < 2%
About Risk Profile Assessor
Investment risk tolerance determines the optimal asset allocation for your portfolio. Risk is influenced by three factors: capacity (financial ability to absorb losses), willingness (psychological comfort with volatility), and time horizon (longer horizon allows more recovery time from market downturns).
Standard profiles: Conservative (70% debt, 30% equity) suits near-retirement investors or those with high financial obligations; Moderate (50/50) suits mid-career investors with 7-15 year horizon; Aggressive (20% debt, 80% equity) suits young investors with stable income and 15+ year horizon. Reassess your risk profile after major life events like marriage, a new child, or job change - these often warrant portfolio rebalancing.
Indicative estimates only. All insurance premium calculations are approximate estimates for planning purposes. Actual premiums depend on insurer underwriting, medical history, and policy terms. Always consult a licensed insurance advisor before purchasing any policy. Read full disclaimer →