Life Insurance Need Calculator

Human Life Value Calculation for Insurance Cover Amount
Years
|
20Y
|
25Y
|
30Y
|
35Y
|
40Y
|
45Y
|
50Y
|
55Y
|
60Y
|
1L
|
10L
|
20L
|
30L
|
40L
|
50L
|
60L
|
70L
|
80L
|
90L
|
1Cr
|
2L
|
20L
|
40L
|
60L
|
80L
|
1Cr
|
1.2Cr
|
1.4Cr
|
1.6Cr
|
1.8Cr
|
2Cr
|
0%
|
2%
|
4%
|
6%
|
8%
|
10%
|
12%
|
14%
|
16%
|
18%
|
20%
|
0%
|
2%
|
4%
|
6%
|
8%
|
10%
|
12%
|
14%
|
16%
|
18%
|
20%
Years
|
0Y
|
5Y
|
10Y
|
15Y
|
20Y
|
25Y
|
30Y
|
35Y
|
40Y
|
45Y
|
50Y

Your life insurance need is for




Human life value identifies the life insurance needs or say risk cover value for someone who is chief earner of the family. This is based upon earnings of the chief earner and any liability to be paid e.g. outstanding loan amount. Purpose is to identify value to be insured so that in the absense of the chief earner his / her dependants can manage still manage same life style by gettting equaivalent amount of money from the investments made from the money received as insurance claim.

Inflation Rate is how the price of goods generally increases and it is used to find out the future value of money. "Discount Interest Rate " is the annual interest rate at which one can expect to returns on the money invested.


Disclaimer - These gizmos, calculators, tools are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances and suitability for any individual. Please read site terms & conditions for details.

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