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How Much Life Insurance on ₹5 lakh a Year?
With typical India debts, a home loan and education goals, ₹5 lakh of income needs about ₹1,40,00,000 of cover.
How Much Life Insurance on ₹5 lakh a Year?
DIME method
₹1,05,00,000
10× income rule
₹50,00,000
15× income rule
₹75,00,000
Lump sums − assets
₹55,00,000
HLV = present value of the income your family needs until your chosen age (at the real return after inflation) + debts, mortgage, education and final expenses − savings and existing cover. Term insurance is the cheapest way to buy this cover. An estimate, not financial advice.
Estimates for planning only — not insurance, financial or tax advice. Premiums, rules and benefits vary by insurer and change; confirm with your insurer or a licensed adviser. Disclaimer
Why this amount
Estimates built on public formulas and published limits — not a quote and not financial advice. Premiums depend on the insurer’s underwriting.