Calculate how much life insurance and critical illness coverage you actually need. Your protection gap is the difference between what you need and what you currently have.
Your Financial Situation
Calculate your life & critical illness insurance needs
👨👩👧 Family & Income
$
💰 Financial Obligations
$
$
$
$
✅ Existing Coverage & Assets
$
$
$
$
Life Insurance Gap
$—
—
CI Insurance Gap
$—
Life Needed
—
Life Have
—
Life Gap
—
CI Gap
—
Income Replacement Need
—
Mortgage / Debts
—
Education + Emergency
—
Total Life Cover Needed
—
Existing Life Cover + Savings
—
Life Insurance Gap
—
CI Total Need
—
Existing CI Coverage
—
CI Insurance Gap
—
⚠️ This calculator provides estimates. Actual insurance needs vary by individual circumstances. Consult a licensed financial advisor for personalized advice.
FAQ
What is the protection gap?
The protection gap is the difference between the insurance coverage you need and what you currently have. Many people are significantly underinsured — a 2023 study found Singapore residents have a life insurance gap of ~S$400,000 on average.
How much life insurance do I need?
A common rule: 10-15× annual income. More specifically: income replacement (10yr × income) + all debts + children's education + emergency fund − existing savings and insurance. This calculator uses this comprehensive approach.
What is critical illness coverage?
Critical illness (CI) insurance pays a lump sum if you're diagnosed with a covered illness (cancer, heart attack, stroke, etc.). It covers medical costs, lost income during recovery, and home care. Recommended coverage: at least S$300,000-500,000 for Singapore residents.
How much CI coverage do I need?
A general benchmark: 3.9× annual income for CI coverage. This covers ~5 years of expenses plus medical costs. Consider: your income, health history, whether you have a spouse who can work, and your existing employer-provided coverage.