Life Insurance Calculator

Unsure of how much life insurance coverage you need?
Use our simple calculator below to find out.

Current gross monthly income:

How much are you earning a month before paying CPF & taxes? Take your monthly gross salary.

Current average monthly expenses:

Just an average estimation of how much you spend monthly.

How much life insurance coverage you currently have:

Check your current insurance policies for any coverage for life or death benefit. This includes any term plans, whole life insurance plans, endowment plans, annuities, etc. If unsure, put 0.

How much death/TPD/TI coverage do you think you'll need:

It is recommended to have anywhere between 5X to 10X of your annual income depending on factors like your current & future debts, expenses, and how much coverage you can afford, etc.

Do you want to calculate your coverage based on your expenses or income?

Many use the income option to play it safe. Use the expense option if you're sure of what you need.

Income
Expenses