How Much Insurance I Need?
Current Expenses
*
Rs.
Total monthly expenses (including EMI, insurance premium etc)
Insurance Premium
Rs.
Monthly premium value. Calculate monthly premium.
EMI
Rs.
Equal monthly installments you pay on your loans
Proportion of Personal Expenses (%)
*
What percent of the net expenses you spend on yourself? For example if the net expenses is Rs 30,000 and your personal expenses is 18,000 and 12,000 is spent on your dependents enter 60%
Age of Dependent
*
Current age of your dependent
Expected Inflation % p.a.
*
Expected inflation rate; Last 10 years average inflation is close 6%.
Expected Returns % p.a. (scenario 1)
*
The annual rate of return you expect on your savings and investments. You can try giving 2 different values for estimated return 1 and 2
Expected Returns % p.a. (scenario 2)
The annual rate of return you expect on your savings and investments. You can try giving 2 different values for estimated return 1 and 2
Net Expenses
Rs.
Total monthly net expenses (Excluding EMI, insurance premium)
Personal Expenses (
20
% of Net Expenses)
Rs.
Monthly personal expenses value based on the Proportion of Personal Expenses (%).
Annual Expenses
Rs.
Total annual expenses ((Net Expenses - Personal Expenses) * 12)
No. of Years
No. of years left for the dependent considering a life expectancy of 85 years.
Expense Protection (scenario 1)
Expense Protection (scenario 2)