Calculator 5

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. Current Age Y 18 Y65 Y Retirement Age Y 45 Y75 Y Annual Income ₹ ₹1 L₹5 Cr % Income for Family % 50%100% Annual Income Growth Rate % 0%15% Discount Rate / Investment Return % 1%15% Outstanding Loans & Liabilities ₹ ₹0₹5 Cr Child Education / Goal Needs ₹ ₹0₹5 Cr Existing Life Insurance Cover ₹ ₹0₹5 Cr Existing Investments / Assets ₹ ₹0₹5 Cr Recommended Cover : ₹0 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

Health Insurance Adequacy Most Indians are dangerously under-insured on health. A Rs.3–5 lakh policy, common a decade ago, is wholly inadequate in today’s hospital cost environment. This calculator assesses adequacy of current cover against recommended benchmarks and helps users understand what cover they actually need based on city, family composition, and age. City Tier Tier 1Tier 2Tier 3 Primary Insured Age Y 18 Y80 Y Income Bracket Below ₹10 L₹10 L – ₹25 LAbove ₹25 L Top-up Cover Amount ₹ ₹0₹1 Cr Number of Children 05 Existing Base Cover ₹ ₹0₹1 Cr Add-on Power x 1x10x Family Floater? YesNo Corporate Cover Available? YesNo Recommended Cover : ₹0 Adequacy Gap ₹0 Recommended Cover₹0 Your Current Cover₹0 Adequacy Gap₹0 Adequacy Rating– Family Floater Evaluation– Base Cover Recommendation–