:: Life Insurance Calculator for Young Earners

How To Use Life Insurance Calculator for Young Earners (Tutorial Video)

Life Insurance Calculator for Young Earners

Monthly income your family will need to meet expenses in your absence

How long would this income be needed

Annual Inflation in monthly expenses. monthly income will increase annually at this rate (inflation-indexed income) (%)

Return expected when part of the insurance sum is invested to meet expenses (%)

Current life insurance cover

Assets your family can use to generate some income. Don’t include anything you don’t want them sell

Current liabilities (personal loan, credit card debt). If you have separate cover for home loan you don’t need to include that

(A) Sum required to generate an inflation indexed monthly income

{{ ye.a }}

(B) Sum required to clear your liabilities

{{ ye.b }}

(C) Usable assets will be subtracted from sum of above two quantities

{{ ye.c }}

So net insurance required (A+B-C) in Lakhs

{{ ye.netinsurance }}

You need to review this insurance amount if you have children

Disclaimer:

Please note that these calculators are for illustrations only and do not represent actual returns.
Stock Market does not have a fixed rate of return and it is not possible to predict the rate of return.