Needs-based calculator
Life Insurance Needs Calculator
Estimate how much life insurance cover your family may need, based on your income, expenses, liabilities, dependents and future goals — with a full breakdown of how the number was calculated.
How this is calculated
Estimated requirement = income replacement + liabilities + future goals − existing life cover − existing financial assets. Income replacement uses the higher of your annual income or annualised household expenses, multiplied by your chosen replacement period, so the estimate reflects what your family would actually need to sustain their lifestyle.
Assumptions used in this calculator
| Factor | Assumption |
|---|---|
| Income replacement | Higher of annual income or (monthly expenses × 12), × replacement years |
| Liabilities | Sum of all outstanding loan and credit balances you enter |
| Future goals | Education, marriage and other goals, in today’s rupees |
| Existing cover & assets | Subtracted in full from the total requirement |
Please note: This calculator provides an educational estimate based on the information and assumptions entered. It is not financial advice, an insurance quotation, an underwriting decision, or a guarantee of coverage.
Want to understand your result better?
Discuss this estimate with an insurance professional for educational guidance and context.