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Insurance Calculator

Use this tool to calculate amount of insurance policy. The objective of insurance policy is to support basic financial requirements for your family in the unfortunate event of death of earning family member.

As a basic rule your insurance cover should be 6-10 times your annual income. According to personal finance experts you should not combine your insurance and investment needs. You can consider buying term plans rather than endowment plans.

Your Current Age

Yrs

Expected Retirement Age

Yrs
1020304050607080

Inflation

%
2468101214161820

Monthly household income

12345678910

Existing loans and liabilities

102030405060708090100

Existing life cover

102030405060708090100

Existing savings and investments

102030405060708090100

Major future expenses

102030405060708090100
Disclaimer: The above calculation and illustration of figures are indicative only and not on actual basis.