Life Insurance Need Calculator
Life insurance need is determined by how much money the policyholder’s family would need to maintain their lifestyle and meet financial obligations if the policyholder were to die today. Three recognised methods are used: the Human Life Value (HLV) method, the Income Replacement method, and the DIME method. This calculator implements all three and recommends the highest as a conservative estimate.
Y
18 Y65 Y
Y
45 Y75 Y
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₹1 L₹5 Cr
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50%100%
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0%15%
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1%15%
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₹0₹5 Cr
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₹0₹5 Cr
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₹0₹5 Cr
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₹0₹5 Cr
Additional Cover
₹0
Human Life Value₹0
Income Replacement Cover₹0
DIME Cover Need₹0
Gross Cover Needed₹0
Existing Cover + Assets₹0
Recommended Cover Amount₹0
Additional Cover Needed₹0