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Life insurance Calculator
Find out how much life insurance cover you need.
Getting
Started
Please tell us a bit about your family.
Step 1 of 5
Next
Information on
Dependents
"Please tell us about your children and dependent adults
Step 2 of 5
You do not have any dependents. You can proceed to the next step.
Dependent Children
Tell us about your {{ user.info.dependant.children.length > 1 ? ($index+1 | ordinal) : ""}} child Edit
You have a {{ child.age }} year old {{ child.gender === "male" ? "son" : "daughter"}} You will need {{common.numberToWords(child.expense.education, false)}} for your {{ child.age }} year old {{ child.gender === "male" ? "son's" : "daughter's"}} education and {{common.numberToWords(child.expense.wedding, false) }} for {{ child.gender === "male" ? "his" : "her"}} wedding Edit
Tell us about your {{ user.info.dependant.children.length > 1 ? ($index+1 | ordinal) : ""}} child
Continue
Dependent Adults
Tell us about your {{ user.info.dependant.adults.length > 1 ? ($index+1 | ordinal) : ""}} dependant Edit
{{ adult.age }} year old {{ adult.gender }} dependant will stay with me until demise. till the age of {{adult.dependantPeriod}}. Edit
Tell us about your {{ user.info.dependant.adults.length > 1 ? ($index+1 | ordinal) : ""}} dependant
Continue
Next
Loans and
Assets
Please tell us about your loans and assets
Step 3 of 5
Your loan amount should be more than 0.
Your loan amount is too high.
You should enter a number here.
Your savings amount should be more than 0.
Your savings amount is too high.
You should enter a number here.
Next
Income and
expense
Tell us how much you earn every month.
Step 4 of 5
Your current age
{{ user.info.self.currentAge }}
Your monthly income
{{ user.info.self.gender === 'male' ? 'Wife' : 'Husband' }}'s' age
{{ user.info.spouse.currentAge }}
Your {{ user.info.self.gender === 'male' ? 'wife' : 'husband' }}'s monthly income?
Your monthly expense should be more than 0.
Your monthly is too high.
You should enter a number here.
This is a mandatory field
Calculate your monthly expense in detail.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
All expenses related to food including groceries and other staples. Please do not include dining out expenses.
Future Expense: {{common.numberToWords(r_user.expenses.food.futureValue, false) }}
These expenses are likely to increase at the rate of {{ r_user.expenses.food.inflation }}%. This is a combination of annual inflation over {{r_user.years.forRetirement}} years and a reduction in the number of people living in the household. It is assumed that neither your children nor adults will be living within your household by then.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
All expenses related to utilities like water, electricity, maintenance and household salaries for domestic help.
Future Expense: {{common.numberToWords(r_user.expenses.utilities.futureValue, false) }}
These expenses are likely to increase at the rate of {{ r_user.expenses.utilities.inflation }}%. This is a combination of annual inflation over {{r_user.years.forRetirement}} years and a reduction in the number of people living in the household. It is assumed that neither your children nor adults will be living within your household by then.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
All discretionary expenses like dining out / social events and the like.
Future Expense: {{common.numberToWords(r_user.expenses.leisure.futureValue, false) }}
These expenses are likely to increase at the rate of {{ r_user.expenses.leisure.inflation }}%. This is a combination of annual inflation over {{r_user.years.forRetirement}} years and a reduction in the number of people living in the household. It is assumed that neither your children nor adults will be living within your household by then.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
All travel and commuting expenses like fuel, car EMIs, driver salaries and current public transport costs.
Future Expense: {{common.numberToWords(r_user.expenses.transport.futureValue, false) }}
These expenses are likely to increase at the rate of {{ r_user.expenses.transport.inflation }}%. This is a combination of annual inflation over {{r_user.years.forRetirement}} years and a reduction in the number of people living in the household. It is assumed that neither your children nor adults will be living within your household by then.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
All costs on health including health insurance premiums, medication and wellness expenses.
Future Expense: {{common.numberToWords(r_user.expenses.healthcare.futureValue, false) }}
These expenses are likely to increase at the rate of {{ r_user.expenses.healthcare.inflation }}%. This is a combination of annual inflation over {{r_user.years.forRetirement}} years and a reduction in the number of people living in the household. It is assumed that neither your children nor adults will be living within your household by then.
Your expense should be a number.
Your expense should be a positive number.
This seems too much. Please check again.
What should I fill here?
Your current expenses on house rent and / or equated monthly instalments you pay on home loan(s).
Future Expense: {{common.numberToWords(r_user.expenses.rent.futureValue, false) }}
Unless specified by you, it is assumed you will reside in an owned, home loan free residence by the time you retire.
Do you want to live on rent post retirement:
Next
Your
Results
Here's how much life insurance cover you need.
Step 5 of 5
Your sum insured amount should be more than 0.
Your sum insured amount is too high.
You should enter a number here.
{{common.numberToWords(user.computed.results.B, false)}}
To cover your loans you need additional insurance of {{common.numberToWords(user.computed.results.B, false)}}
{{common.numberToWords(user.computed.results.B + user.computed.results.C, false)}}
Your existing life cover is sufficient for you and your family. You don’t need any additional Insurance.
You do not need any additional insurance as of today. But in case you plan to have dependants (spouse,kids) in the future, we recommend you to take insurance of {{common.numberToWords(user.computed.results.D - user.info.finances.sumInsured)}} to replace your income.
To cover your loans and expenses to meet your family's and long term goals you need additional insurance of {{common.numberToWords(user.computed.results.B + user.computed.results.C, false)}}
To cover your loans and expenses to meet your long term goals you need additional insurance of {{common.numberToWords(user.computed.results.B + user.computed.results.C, false)}}
{{(user.computed.results.B + user.computed.results.C) <= 0 ? 'Get additional insurance cover with our partner' : 'Time to take action! Insure your life with our partner'}}
  
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