The number your agent quotes is almost never the right number.
Account for your spouse's income if they earn — enter only what would actually need replacing. A single-income family typically enters the full monthly expense; a dual-income family enters the gap their spouse's income cannot cover.
A corpus will be added so your family can buy a home and stop paying rent (rent valued at 3% yield)
Add everyone who depends on you financially. For children and siblings still studying, education costs are projected forward with inflation.
FDs, mutual funds, stocks, EPF, PPF, other property. Exclude the home you live in.
Any term insurance policy you already hold. Leave blank if none.
Used to size the corpus that replaces your income safely