Term Insurance + SIP Calculator | Finance With Madhup – brokerji.com

Free Calculator · No Sign-up

Term Insurance + SIP
in One Simple Plan

Pay one amount. Split it into protection and investment. See exactly how much your family is covered and how much your money grows.

15-Year Plan

Up to ₹1 Crore Cover

3 Return Scenarios

Your current age

Life cover (sum assured)

How your money is split

Part 1 — Protection

Term Life Insurance

—

per year

Part 2 — Investment

SIP (Mutual Fund)

—

per month

Annual outgo

—

term + SIP/yr

Total paid (15 yr)

—

all inclusive

SIP invested

—

over 15 years

SIP corpus at year 15

Drag to change expected return

9.0% p.a.

Projected SIP corpus

—

Total paid

—

Surplus over total paid

—

▲ Gain

What is a Term Insurance + SIP Calculator?

A Term Insurance + SIP Calculator helps you plan a smart two-part financial strategy: buy pure term life insurance for maximum coverage at a low premium, and invest an equal amount as a monthly SIP (Systematic Investment Plan) in a mutual fund. This approach is widely considered superior to traditional endowment or ULIP plans because it separates protection from investment — giving you more coverage and better returns.

This calculator by Finance With Madhup (brokerji.com) lets you instantly see your term premium based on your age and desired life cover, and shows how your matching SIP can grow over 15 years at different return scenarios.

How Does This Calculator Work?

Step 1 — Choose your age

Term insurance premium is heavily age-dependent. Younger you are, lower the premium. Select your current age from 25 to 45 years.

Step 2 — Choose your sum assured

Sum assured is the life cover your family receives if something happens to you. Options range from ₹25 Lakh to ₹1 Crore for a 15-year plan.

Step 3 — See the split

The calculator shows your annual term premium and the monthly SIP amount (rounded up to the nearest ₹100 for simplicity). The SIP amount mirrors your term premium — making it easy to remember and budget.

Step 4 — Drag the return slider

See how your SIP corpus grows at three realistic scenarios: 6.5% (safe/debt-like), 9% (expected/balanced), and 12% (growth/equity). At 9% and above, your SIP corpus typically returns more than your total combined payment over 15 years.

Why Term + SIP Instead of an Endowment or ULIP?

Higher coverage: A ₹1 Crore term plan costs far less than a ₹1 Crore endowment plan — leaving more money for investment.
Better returns: Mutual fund SIPs have historically delivered 10–14% CAGR over long periods, versus 4–6% from traditional plans.
Full transparency: You can check your SIP value on any app, any day. No hidden charges or surrender penalties.
Liquidity: Your SIP corpus is accessible after 1 year if needed. Endowment plans lock your money for years.
Flexibility: If your needs change, you can increase, pause, or stop the SIP independently of your insurance.

Frequently Asked Questions

What is the minimum age to buy term insurance in India?

Most insurers allow term insurance from age 18. This calculator covers ages 25–45, which represents the peak working and family-building years where coverage is most critical and premiums are still affordable.

Why is SIP amount the same as the term premium?

Keeping both amounts equal makes the plan easy to understand and budget. If you pay ₹6,800/year for insurance, you invest the same ₹567/month in SIP. This symmetry helps clients commit to the plan long-term without confusion.

What does "corpus" mean in this calculator?

Corpus is the total value of your SIP investment at the end of 15 years, including all returns. It is the amount you can withdraw when the plan matures. This does not include the term insurance premium you paid — that was the cost of keeping your family protected.

Is a 9% return realistic for a mutual fund SIP over 15 years?

Conservative hybrid and balanced advantage funds have historically delivered 9–11% CAGR over 10+ year periods. 9% is a reasonable middle-ground estimate. However, mutual fund returns are not guaranteed and depend on market conditions.

How do I get started with this plan?

Reach out to Finance With Madhup on Telegram @Financewithmadhup or visit brokerji.com. As an AMFI-registered Mutual Fund Distributor (ARN: 153266), Madhup can help you set up both the term insurance and the SIP together, customised to your needs.

Term Insurance + SIP Calculator – Protection & Wealth in One Plan

Term Insurance + SIPin One Simple Plan