Family Insurance Planner
Get a complete insurance plan for your family — recommended term cover, health cover and estimated premiums — tailored to your life stage.
Disclaimer. This planner produces general, rule-of-thumb recommendations for planning purposes only and is not personalized financial or insurance advice — consult a licensed insurance advisor to tailor coverage to your family's exact circumstances. Read full disclaimer →
How Your Family Insurance Plan Is Built
This planner recommends a term life cover of 15× your annual household income, and a health cover that scales with family size (₹5L for up to 2 members, ₹10L for 3–4, ₹20L for 5+). Estimated term premiums are calculated at roughly 0.1% of cover for earners 40 or under, rising to about 0.2% past age 40 to reflect higher mortality-based pricing. Health premiums are estimated at roughly 0.4% of cover per family member, plus a flat ₹8,000 for car insurance.
The plan also adds a short recommendation based on your selected life stage — from building a strong term and critical-illness base as a single professional, to shifting toward health and critical-illness cover and winding down term cover near retirement once loans are cleared.
Worked Example
For a ₹15,00,000 household income, a 35-year-old primary earner, a family of 3, in the Young Family stage: recommended term cover = ₹2,25,00,000, recommended health cover = ₹10,00,000, with an estimated combined annual premium (term + health + car) of about ₹37,700, or roughly 2.5% of household income.