Insurance Gap Calculator

    Insurance Gap Calculator

  • Have you done enough to protect what matters most?

    Your personal goals change as you progress through life. We have a range of insurance solutions that may suit your needs.

    CALCULATE YOUR INSURANCE GAP TODAY
    disclaimer

    The Citi Insurance Gap Calculator is for your general reference and information only. It does not have regard to your specific investment objectives, financial situation and particular needs. You should not rely on this calculator to make any decision on whether to purchase an insurance policy. Buying a life insurance is a long term commitment, you should seek advice from a financial adviser before making a commitment to purchase any insurance product. Information generated by the Citi Insurance Gap Calculator shall not constitute nor should it be taken as a substitute for professional advice. The assumptions used in the methodology in this calculator may not apply to you. For financial analysis and advice, please make an appointment with us.

    Important notes
    • The methodology used to derive "Life Protection Required" is from sources we consider to be reasonably reliable including the Life Insurance Association ("LIA") Protection Gap Study 2012 - Singapore.
    • If you earn more than the average Singaporean in your age group, your life protection figures would have been adjusted to reflect your income. This takes into account the needs of your dependents and your average liabilities in the event of death.
    • The information and analysis provided by this tool is based on various assumptions, which are subject to change at any time without notice.
    • Citibank shall not be liable for any loss / damage suffered by you as a result of using this calculator.
    • Currency used for all amounts shown is the calculator is Singapore Dollars, until otherwise mentioned.
    • For the calculation purpose, existing education cover / savings is assumed to be equally spread over the number of children specified.
  • Your age?

    20

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  • How many children do you have and how old are they?

    • Child 1

    • Child 2

    • Child 3

    • Child 4

    • Child 5

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  • How many parents rely on you for financial support?

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  • What is your monthly income?

    $

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  • Is your spouse / partner currently working?

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  • How much life insurance do you already have?

    Please include existing mortgage insurance and personal life insurance coverage.

    $

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  • How much have you set aside for your child / children's higher education?

    Please include any existing education plan or any other savings / investments (future value) set aside for your child / children's education.

    $

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  • How much have you set aside for your retirement?

    Please include any existing retirement plan or any other savings / investments (future value) set aside for your retirement.

    $

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  • Do you have any other significant goal?

    e.g. buying a car, house (down payment), vacation etc.

    $

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  • How much have you currently saved for your other significant goal?

    e.g. buying a car, house (down payment), vacation etc.

    $
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