Analyze Your Insurance Coverage
Calculate insurance coverage gap and recommended coverage
Financial Details
Enter income, dependents, and current coverage
Current Coverage
About Insurance Gap Calculator
Insurance coverage gap is the difference between your current coverage and recommended coverage. This calculator helps you identify gaps in life and health insurance coverage based on your income, dependents, and financial obligations.
Coverage Guidelines
- Life Insurance: 10-15x annual income + debts + future expenses
- Health Insurance: ₹5-10L for individuals, ₹10-20L for families
- Review coverage annually or after major life events
- Consider rising medical costs and inflation
Frequently Asked Questions
Insurance coverage gap is the difference between your current insurance coverage and the recommended coverage based on your income, expenses, liabilities, and financial goals.
Life insurance should be 10-15 times your annual income, or enough to cover: outstanding debts, future expenses (education, marriage), living expenses for dependents, and financial goals.
Health insurance should be at least ₹5-10 lakhs for individuals and ₹10-20 lakhs for families. Consider rising medical costs, family size, age, and existing medical conditions.
Review insurance coverage annually or when major life events occur: marriage, children, job change, salary increase, or taking new loans. Update coverage to match your current needs.