INSURANCE CALCULATOR

An optimal insurance amount is vital for the family to deal with the income loss due to the death of a breadwinner. But, what will help you figure out that ‘Magical Number’? The insurance calculator based on ‘Human Life Value’ does this critical task for you. Human Life Value, which represents the monetary value of an individual, is calculated by considering the money your dependents would require in case of your unfortunate death There are two ways by which the calculator computes human life value - Income Replacement and Need-based. In the case of income replacement, the calculation of insurance coverage factors in the amount your dependents would require in your absence. Whereas, in a need-based method, the calculation is made keeping in mind the needs and goals of dependents should a policyholder die during the policy term. To sum up, the calculator comes with an amount to meet both present and future expenses of dependents.