Calculate your insurance coverage gaps and get personalized product recommendations for Singapore.
Rather than picking a coverage amount out of thin air, this calculator uses a needs-based approach for each type of protection — working out what your family would actually require if something happened to you, then subtracting what you already have to find any gap.
Your life insurance need is built up from four components: years of income replacement for your dependents (your annual income multiplied by however many years you want to protect them), debt coverage(your outstanding mortgage plus other debts, so loved ones aren't left with liabilities), an education fund for each dependent child, and a fixed final expenses allowance of $20,000 to cover funeral and estate-related costs. These four components are added together, then your total savings and investments are subtracted, since liquid assets can also support your family. Finally, any life insurance you already hold is subtracted from that net need — whatever is left is your life insurance gap.
Critical illness (CI) coverage is estimated using a simpler rule of thumb: a multiple of your annual income, reflecting the years of income you might lose while unable to work through treatment and recovery. This calculator uses 4x your annual income as the recommended CI coverage, then subtracts any critical illness coverage you already hold to find your gap.
If an illness or injury leaves you unable to work but doesn't reduce your life expectancy, disability income insurance is designed to replace part of your monthly paycheck for as long as you're unable to earn. This calculator recommends monthly disability income coverage equal to 65% of your monthly income — in line with how most Singapore insurers structure these plans, since insuring 100% of income would remove the incentive to return to work.
The calculator also flags whether you have Integrated Shield Plan (health) coverage, since large hospital bills are one of the most common reasons families dip into savings or life insurance payouts that were meant for other purposes.
This tool provides an educational, rule-of-thumb estimate only, not licensed financial advice. Actual coverage needs depend on your full financial picture, health, and family circumstances — for a personalized recommendation, speak with a MAS-licensed financial adviser.
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This calculator uses a needs-based approach: it adds up outstanding debts, final expenses, and years of income replacement for your dependents, then subtracts your existing coverage and liquid assets to find any gap.
CI insurance pays a lump sum on diagnosis of a covered condition, helping replace lost income and cover treatment costs while you're unable to work. This calculator estimates a CI need as a multiple of your annual income.
No. This tool gives an educational, rule-of-thumb estimate only. Actual coverage needs depend on your full financial picture — for a personalized recommendation, speak with a MAS-licensed financial adviser.
Local university: ~$80-100k, Overseas: ~$200-300k
Typically 10-15 years until dependents are independent