Answer a few simple questions and get a personalised term insurance recommendation — sized exactly to your family's real needs, not a generic estimate.
Step 1 of 4 — About You25%
Kapil Chopra
Your Money Chanakaya · Financial Advisor
+91 70329 05874
1
About You
Let's start with the basics
Your personal details help us size the recommendation correctly and ensure the report reaches you.
Minimum age: 23 years
Spouse details needed: We use your spouse's age and life expectancy to estimate how long the income corpus must sustain your household after you're gone.
For conservative financial planning, consider entering 80 or higher to help ensure your spouse remains financially secure throughout their expected lifetime
Anyone — spouse, children, parents, siblings — who relies on your income
Income support horizon: Since you have dependents but no spouse, we need to estimate how many years they will rely on your income. This drives the income replacement corpus in your calculation.
E.g. until children finish education, or parents reach old age. When in doubt, choose 15–20 years.
Step 1 of 4
2
Your Finances
Income, expenses & goals
These figures let us calculate the exact corpus your family would need — to maintain their lifestyle and meet future goals without compromise.
Foundation of your income-replacement corpus
Actual living costs determine how long the corpus sustains your family
Household Income Structure
Understanding who contributes to household income helps us calculate a more accurate protection requirement for your family.
This determines how we assess residual financial dependency
We use this only to judge how much of that income can reasonably support the family without you — not as a guarantee.
This helps us understand residual support available to the family
Other earning member details: A few additional details help us understand residual dependency and avoid over- or under-insuring the household.
Helps assess residual household income if your income stops
If your income stops, this is the portion of expenses most at risk
Helps us decide whether these goals should be fully protected under your cover or shared across the household
Existing cover reduces the additional coverage you need to buy
Loans must be cleared so your family isn't burdened in your absence
Lender cover reduces net liability exposure in the calculation
Future goals must be funded even in your absence
Existing savings earmarked for goals reduce the additional cover needed
Existing Investments & Assets
Your investable assets partially offset the required corpus. Enter current values — type 0 if not applicable.
PF savings partially substitute the corpus requirement
PPF savings reduce the additional corpus your family needs
NPS corpus is available to dependents and offsets the required cover
All liquid assets reduce the net corpus needed
3
Health Profile
A quick health check
Insurers factor your health profile into premiums and underwriting. Being accurate here ensures the most realistic premium estimate and smooth claim settlement later.
These questions don't judge you — they help set realistic assumptions for premium loading and insurability. Complete information protects your family's claim.
Smoker status significantly affects your premium — disclosed accurately, it ensures a valid claim
⚠️ Smokers typically pay ~80–100% higher premiums than non-smokers of the same age. This will be reflected in your estimate.
Frequent alcohol use may attract additional underwriting scrutiny
Declared conditions help insurers price risk fairly and prevent future claim rejection
History of serious illness may affect policy terms — disclosure ensures claim validity
4
Review & Confirm
Almost there — your summary
Quick recap of what you've shared. Confirm below and we'll compute your personalised recommendation instantly.
Your Protection Snapshot
Existing Cover
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Required Cover
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Shortfall
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How we arrived at your required cover
Applicant-dependent living corpus (dependency-adjusted)—
Net outstanding liabilities—
Unfunded future goals—
Safety buffer—
Less: existing investments—
Total required cover—
ℹ️Calculation assumptions:
Living need starts from 80% of current household expenses (survivors’ need after the applicant’s personal spend falls away),
then is scaled by your household dependency factor (sole earner vs your share of expenses in a multi-earner home).
That stream is converted to a corpus at a real rate of 3.77%
(10% expected return − 6% expense inflation). Liabilities and unfunded goals are added in full;
existing investments and your current term cover are deducted. This is a household-resilience needs analysis — not a simple income multiple.
💡Estimated Monthly Premium to Bridge Your Gap
Profile / Insurer
HDFC Life
ICICI Pru
Non-Smoker
Smoker
Non-Smoker
Smoker
Cover upto Age 65
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Cover upto Age 75
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Cover upto Age 85
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✅ No GST on individual term insurance policies (w.e.f. 22 Sep 2025)Exact premium subject to medical underwriting by the insurerFor illustrative purposes only. We do not endorse any specific insurer or plan. Your advisor is best placed to suggest a suitable plan after a one-to-one discussion based on your complete profile.
🚬 Note for smokers: Your premium will be approximately 80–100% higher than the non-smoker rate. Insurers verify tobacco use during medical underwriting. Accurate disclosure is essential for a valid claim.
