Term insurance is a pure life cover that pays a lump sum to your family in case of your untimely death. Based on your age, income, and existing responsibilities, our calculator helps you estimate the exact cover your family would need to maintain their lifestyle and meet future financial goals.

The calculator uses your annual income, age group, and qualification to apply a multiplier (typically between 15x to 25x) to determine the ideal cover.

For example: A 30-year-old graduate earning ₹10,00,000 annually may need around ₹2 crore cover.

The calculator evaluates:

• Gender & Date of Birth – to calculate age
• Qualification & Occupation – to estimate earning potential
• Annual Income – for multiplier-based estimate
• Existing Term Insurance – to find shortfall

Many people assume ₹50 lakhs or ₹1 crore is sufficient. But based on your income and financial goals, this may fall short. Our calculator helps you determine the ideal amount and identify any protection gap.

Yes, you can update your details like age or income anytime and get a fresh, accurate estimate using our free calculator.

Absolutely! MoRa Finserve offers this tool free of cost to help you make smarter protection decisions and avoid being underinsured.