Simpler, faster alternative to the Human Life Value method: an inflation-adjusted, undiscounted income-shortfall sum assured.
Sign in to save scenarios, view your history, and share results in chat.
Fill in the fields above and select Calculate for an instant estimate.
Computed in your browser from the same formulas the full app uses — it is not saved and does not factor in every detail (taxes, exact compounding dates, fees) the way a saved scenario does. Sign in to save, share, or view history →
The calculator applies the standard formula for this calculation to the values you enter and returns the result instantly.
Simpler, faster alternative to the Human Life Value method: an inflation-adjusted, undiscounted income-shortfall sum assured.
You will need: Annual Income, Years to Retirement, Inflation (% p.a.), Existing Life Cover, Existing Liquid Assets.
It shows Years to Retirement, Total Inflation-Adjusted Income Need, Recommended Sum Assured, Disclaimer, computed instantly from the values you enter.
Yes, this calculator is free to use. Sign in to save your scenarios, view your calculation history, or share results directly in a Goonjar chat.
Ready for the full term cover need — income replacement with a detailed schedule, saved scenarios, and history?
Open Term Cover Need — Income Replacement