Insurance Calculators for India: Term, Health, Motor & ULIP
Buy the right cover for the least money. Free calculators for term life, health, and motor insurance, plus the honest term-versus-ULIP maths, so you protect your family without overpaying for bundled products.
14free calculators
FY 2025-26India rules
100%free, no sign-up
Insurance calculators help you answer the two questions that matter most: how much cover you actually need, and what it should cost. This hub covers term life (sizing your cover by Human Life Value and estimating the premium), health insurance (right cover and the gap in what you hold), motor insurance (IDV, premium and no-claim bonus), and the crucial term-versus-ULIP comparison that shows why pure term plus investing usually beats a bundled plan. Most Indian families are underinsured by 60 to 70%, and the fix is cheaper than people expect, these tools show you exactly how much cover to buy and how to buy it efficiently.
A common rule is 10 to 15 times your annual income, but the more precise Human Life Value method adds your income over remaining working years plus loans and goals, minus existing savings. On 15 lakh income, that often points to 1.5 to 2.5 crore or more. Use the Human Life Value calculator for your figure.
Is term insurance or ULIP better?
For almost everyone, pure term insurance plus separately investing in mutual funds beats a ULIP. Term gives far more cover per rupee, and mutual funds keep more of the market return than a ULIP, which loses a chunk to charges. The Term vs ULIP calculator shows the wealth difference.
How much health insurance should I have?
Given medical inflation of 10 to 15%, a base cover of 5 to 20 lakh by income plus a super top-up of 50 lakh or more is sensible. Super top-ups are cheap and give very high total cover. The Health Insurance Gap calculator flags how far short you are.
What is IDV in motor insurance?
IDV (Insured Declared Value) is the current market value of your vehicle and the maximum your insurer pays if it is stolen or written off. It falls each year with depreciation and sets your own-damage premium. The IDV calculator estimates it for your vehicle.
Should I surrender my ULIP?
It depends on its age and performance. Within the 5-year lock-in, continuing is usually least-bad; past it, a poorly performing ULIP is often worth surrendering and redeploying into term plus mutual funds. The ULIP Surrender Value calculator helps you assess it.
All calculators on CalcWise.Finance are free, work on any device, and use Indian rules for FY 2025-26. Results are estimates for educational use, not financial advice; verify important figures and consult a SEBI-registered adviser for decisions. See our disclaimer.
