Insurance Coverage Gap Calculator
Identify gaps in your insurance coverage and get personalized recommendations to ensure adequate financial protection for your family.
Existing Insurance Coverage
Total Coverage Gap
₹8.82 Cr
Additional coverage needed
Coverage Analysis
Gap by Insurance Type
Estimated Premium for Gap Coverage
₹55.38 K
Per month (approx.)
44.3% of annual income
Priority Order for Coverage
Large coverage gap detected. Consider phased approach to building adequate coverage.
Understanding Insurance Coverage Gaps
A coverage gap analysis helps you identify the difference between your actual insurance needs and your current coverage. This calculator evaluates five critical areas:
- Life Insurance: Protects your family's financial future using DIME method
- Health Insurance: Covers medical expenses for family members
- Critical Illness: Provides lump sum for serious health conditions
- Accidental Coverage: Additional protection against accidents
- Disability Insurance: Income replacement if unable to work
How to Use This Calculator
Personal Information
- • Enter your current age and number of dependents
- • Provide annual income and monthly expenses
- • Include existing debts and assets
Current Coverage
- • List all existing insurance policies
- • Include coverage amounts for each type
- • Don't forget employer-provided insurance
Coverage Gap Analysis FAQs
Everything you need to know about analyzing your insurance coverage gaps
Coverage gap analysis identifies the difference between your actual insurance needs and your current coverage across all insurance types - life, health, disability, and critical illness.
Purpose: Ensures you have adequate protection and helps prioritize which insurance gaps to fill first based on importance and affordability.
Need More Help?
Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.
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