🛡️ Protect What Matters
Insurance Need Calculator
Find out exactly how much life & health insurance your family needs. Don't leave them underprotected.
🛡️ Life Insurance
🏥 Health Insurance
📊 Gap Analysis
👤 Income & Family
💳 Financial Obligations
Estimated total education cost for all children
🛡️ Existing Coverage
Total sum assured of all term/life policies
Family floater + top-up if any
FD, MF, stocks, gold, etc. (liquid assets)
Company-provided health insurance
📊 Monthly Household Expenses
Rent, groceries, utilities, transport, insurance, school fees
🛡️ Life Insurance — You Need
Recommended Life Cover
—
Coverage Gap
—
Breakdown
🏥 Health Insurance — You Need
Recommended Health Cover
—
Coverage Gap
—
📊 Visual Breakdown
💡 Personalized Recommendations
❓ Frequently Asked Questions
How much life insurance do I really need? ▼
The Human Life Value (HLV) method suggests 10-15x your annual income. But a more accurate method is Income Replacement — calculate the present value of income your family needs until your planned retirement, plus all debts and future goals (education, wedding). Then subtract existing savings and coverage.
Should I rely on employer's group insurance? ▼
No. Employer group cover is a bonus, not a replacement. It ends when you leave the job, and the cover amount (typically ₹3-10L) is usually insufficient. Always have your own personal term plan and health insurance independent of your employer.
How much health insurance is enough? ▼
In metro cities, a single hospitalization can cost ₹5-15 lakhs. For a family of 4, minimum ₹10L family floater is recommended. With inflation at 10-14% in healthcare, consider a ₹25-50L cover if affordable. Use a base policy + super top-up combination for cost efficiency.
Term insurance vs endowment/ULIP — which is better? ▼
Term insurance is always better for pure protection — 10-20x more cover for the same premium. Endowment plans and ULIPs mix insurance with investment, giving poor returns. Buy a pure term plan for protection and invest separately in mutual funds for wealth creation.
At what age should I buy insurance? ▼
The best time is in your 20s. Premiums are lowest when you're young and healthy. A 25-year-old pays roughly half the premium of a 35-year-old for the same ₹1 Cr term plan. Pre-existing conditions and age increase premiums significantly.