Free calculators built for India — INR amounts, IRDAI-aligned guidelines, Section 80C/80D tax benefits, and HLV-based recommendations. No US assumptions. No generic figures.
24+ life insurers
IRDAI-regulated market
₹8,000–12,000/yr
Avg term plan (₹1 Cr online)
~2.7% of GDP
Insurance penetration (2024–25)
Axis Max Life 99.70%
Top CSR (IRDAI 2024–25)
All figures in ₹. IRDAI context. 80C/80D tax benefit guidance included.
HLV-based coverage — IRDAI CSR data, Section 80C guidance, GST 0%
Family floater vs individual — Section 80D, PMJAY, 14% medical inflation
IIT, MBBS, MBA & abroad costs — 10–12% inflation, SIP projections
36 IRDAI standard illnesses — cancer, heart, stroke treatment costs
15–20× HLV multiplier — joint family dependency, EPF gap analysis
EPF/ESIC gap analysis — gig economy, informal sector coverage
₹1 crore in 2015 = ₹60L today — calculate your inflation-adjusted cover
267M tobacco users — bidis, gutkha, cotinine tests, 60–100% surcharge
DPDP Act ₹250Cr penalties, CERT-In 6hr rule, ₹22Cr avg breach cost
Indian HLV method uses 15–20× income multiplier (vs 10–12× in the US), driven by lower social security, higher education inflation, and joint-family financial dependency.
Section 80C (premium deduction up to ₹1.5L) and 10(10D) (tax-free death benefit) are specific to Indian tax law. US calculators ignore these.
LIC Tech Term, HDFC Click 2 Protect, ICICI iProtect Smart — with IRDAI Claim Settlement Ratios, online-vs-offline pricing gaps, and rider structures unique to India.