👪 Insurance Needs Calculator

Estimates the life cover your family would need if your income stopped today — enough to replace your income for a set number of years, clear outstanding debts, fund future goals, and net off what you already have.

Income to replace

Annual household expenses to replace ₹

Years the family needs support e.g. until youngest child is independent

Expected safe return on payout % per year

Debts & goals

Outstanding loans & liabilities ₹ — home, car, personal, credit cards

Future goals lumpsum ₹ — children's education, wedding, etc.

What you already have

Existing life insurance cover ₹

Liquid savings & investments ₹ — excluding retirement-locked funds

Recommended additional cover

Additional life cover needed

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Income replacement (present value)

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Loans + future goals

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Total need

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Already covered

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Method: This uses the income-replacement approach — the payout is sized so that, invested at a conservative return, it can pay out the family's annual expenses for the chosen number of years, on top of clearing debts and funding future goals.

This is a simplified estimate, not a substitute for advice from a licensed insurance advisor. Actual needs vary with dependents, existing employer cover, health conditions, and other assets.