SAMPLE LIFE INSURANCE CALCULATOR

DEBT: How much debt would you want to leave your family with? This could include home loan, credit card outstanding or any debt that isn’t written off at death

INCOME: Consider the number of years for which your loved ones would need financial support and then multiply your income by this number

EDUCATION: How much will your children need for a college education?

TOTAL LIFE INSURANCE NEEDED

Home loan: Rs 50 lakh Car loan: Rs 5 lakh Avg. card outstanding: Rs 50,000 TOTAL: Rs 55.5 lakh

Annual income: Rs 15 lakh Replacement years: 25 years TOTAL: Rs 3.75 crore

Rs 4.9 CRORE

Per child education: Rs 30 lakh TOTAL (for 2 children): Rs 60 lakh