Tier-2 widget · Insurance Desk
Insurance Gap Calculator
How much term life + health insurance do you actually need? Enter your income, family, and existing cover. We use the Human Life Value (HLV) method for term + IRDAI age-bracket norms for health and show the gap with a premium ballpark to close it.
About you
Money your family could access quickly without selling property — FDs, savings, MFs.
Current cover + family
Sum of all health policies including employer group cover
Term life · HLV method
Multiplier 20× for age 32. 28 years to retirement.
Premium ballpark for the gap
₹39,900/yr
Pure-term policy, 30-year tenure, healthy non-smoker. Actual quotes from HDFC Click2Protect / ICICI iProtect / Tata AIA / Max Life will vary ±15%.
Health insurance · age + family + city
Family floater for 3, metro pricing.
Premium ballpark for the gap
₹28,875/yr
Family floater. Star Health / HDFC Ergo / Care / Niva Bupa rates averaged.
Total annual premium to fill all gaps
₹68,775/yr
That's 4.6% of your annual gross income — a defensible insurance budget is usually 5-7% of gross.
Premiums shown are estimates. Final quotes depend on your medical history, exact rider choices, and insurer underwriting. We are not an IRDAI-registered insurance broker — for a real quote, use the insurer's website or an IRDAI-licensed broker.
Methodology: Term-life ideal = max(annual income × age-banded multiplier, monthly expenses × 12 × years-to-retirement) + outstanding loans − liquid assets. Health ideal = age-bracket base × family multiplier × city multiplier.
See full methodology at /methodology/insurance and full disclaimer at /disclaimer.