Planning tool
Life Insurance Need
Illustrate a cover need from household expenses, children’s education and marriage goals, loans and existing protection. Hypothetical — not advice or a product recommendation.
Your assumptions
yrs
1880
yrs
50100
02
yrs
025
yrs
025
yrs
1530
yrs
1840
₹
50001000000
%
015
%
120
₹
050000000
₹
050000000
₹
0100000000
₹
0500000000
₹
0500000000
Years of spouse support
53
Household expense corpus
₹3,18,00,000
PV of all needs
₹3,59,30,772
Gross cover need
₹3,79,30,772
Net cover required
₹3,19,30,772
After current cover and investments
Illustrative values over time
Assumptions used
- Spouse’s current age32 yrs
- Spouse life expectancy85 yrs
- Number of children (1–2)2
- Child 1 age8 yrs
- Child 2 age5 yrs
- Age for higher education18 yrs
- Age for marriage goal25 yrs
- Monthly household expense₹50,000
- Assumed inflation6 %
- Assumed discount rate for child goals10 %
- Education cost today (per child)₹20,00,000
- Marriage cost today (per child)₹15,00,000
- Outstanding loans₹20,00,000
- Current life cover₹50,00,000
- Current investments (liquid)₹10,00,000
How to read this
Spouse support uses years of expense without discounting; child goals are inflated then present-valued at your assumed rate.
Net cover subtracts existing protection and investments from gross need.
Actual outcomes may differ. This calculation is not a promise or guarantee of any result.
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