Insurance

Insurance Needs Calculator

Most South Africans are significantly underinsured. This calculator estimates how much cover you need to protect your family's financial future if something happens to you.

1. Income & Dependents

Annual gross income

Number of dependents

Children, spouse, parents etc.

Years of income replacement needed

yrs

Until youngest child is financially independent

Spouse / partner monthly income

Leave 0 if sole breadwinner

Income replacement method

2. Debts & Liabilities

Outstanding home loan

Outstanding vehicle finance

Other debts (loans, cards, etc.)

3. Future Obligations

Education fund per child

× 2 children = R 1 000 000

Emergency fund provision

Funeral / final expenses

4. Existing Cover

Current life cover in force

Group / employer life cover

Other payouts (pension, provident fund)

⚠ Cover shortfall

R 8 050 000

additional cover needed

Total needR 8 050 000

Existing coverR 0

Rough estimated monthly premium for the gap

R 2 415/mo

Illustrative only - based on ~R30 per R100 000 cover for a 30–40 year old non-smoker. A broker will give you an accurate quote.

What makes up the total need

Income replacement (10 yrs)R 5 400 000

Total debts to settleR 1 500 000

Education (2 × R 500 000)R 1 000 000

Emergency fundR 150 000

TotalR 8 050 000

Coverage by component

CoveredGap

Income replacementR 5 400 000 needed

Covered: R 0Gap: R 5 400 000

DebtsR 1 500 000 needed

Covered: R 0Gap: R 1 500 000

Education & future obligationsR 1 150 000 needed

Covered: R 0Gap: R 1 150 000

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This calculator provides a simplified estimate of your insurance needs. A proper needs analysis should be conducted with a qualified financial adviser. Insure110 does not provide financial advice - we help you understand your existing policies.