Minimum Insurance Needs -ING Life Insurance

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The Minimum Insurance Needs calculator helps calculate the minimum insurance cover you need today, to protect your family’s financial future.

The calculations in this tool are based on a proportion of your family’s current declared expenses. The tool predicts the minimum amount your family will need, which when put in a financial investment product should give an interest income which is enough to maintain these expenses in your absence.

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Your Name : *

Monthly House Hold Expenses : *

Total

Category wise

Total Monthly Expenses (Rs.) : *

Category wise Monthly Expense in Rs.

Housing

Monthly expenses on rent, electricity bills, water bills, maintenance etc.


Food

Monthly expenses on groceries, milk, vegetables, cooking gas, eating out etc.

Clothing

Average monthly expenses on clothes.

Medical

Monthly expenses on doctor's fees, medicines, laboratory tests etc.

Transport &
Communication

Includes transportation costs for commuting to office, schools, shopping etc. Includes telephone and mobile bills.

Education

Includes school & tuition fees, school text books etc.

Lifestyle

Expenses like seeing movies, holidays & vacations, buying luxury accessories etc.

Others

Others expenses may include gifts, charity etc.

Estimated return on investments : *
(* Recommended Value 6-10%)

% per annum

* Mandatory

Dear ,

Your Total Monthly Expenses :

Minimum Insurance cover you should have is

We would recommend you to better understand your Insurance requirements.

View Assumptions

Assumptions

1.	Expenses remain constant throughout the protection period.
2.	The interest rate remains constant throughout the protection period.
3.	Out of the total monthly expenses of the family. 30% of the expenses is assumed to be of the individual. Rest 70% of the total expenses should be available for the family.