Insurance Requirement Calculator
Calculate how much life insurance you need to secure your family's financial future
📊 Income and Expenses
👤 Life Details
💰 Assets
💳 Liabilities
🛡️ Insurance
📈 Inflation and Returns
📋 Results
Need Based Method
This method estimates how much insurance do you need to maintain your current household expenses.Calculations
Expenses (after removing personal expenses and EMIs)
6,56,000
Inflation adjusted rate of return on investment
1.89%
Additional Insurance to be Taken
45,79,370
This additional insurance ensures that you are able to maintain your annual Household expense of Rs 12,00,000/- throughout your life (adjusted for inflation)
Income Replacement Method
This method estimates how much insurance do you need to maintain your current household income.Calculations
Annual Income required in your absence
12,56,000
Inflation adjusted rate of return on investment
1.89%
Additional Insurance to be Taken
1,88,28,794
This additional insurance ensures that you are able to maintain your annual Household income of Rs 18,00,000/- throughout your life (adjusted for inflation)
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