Life insurance coverage is a vital aspect in each and every individual’s life. This will help him/her to chalk out the long term plan and sustain the financial stability even after the demise of an earning person from the family.

2. Life insurance coverage is a vital aspect in
each and every individual’s life. This will
help him/her to chalk out the long term
plan and sustain the financial stability
even after the demise of an earning
person from the family. Buying a life
insurance policy will signify the person’s
temperament towards his/her finance,
regardless of him being the sole bread
earner for the family.
As a result many people prefer to buy the suitable life policy that will best suit into
their needs and requirements. At this situation, it becomes necessary to make the
accurate sum of amount that can be spent on insurance and this is possible
through the life insurance calculator.

3. Now there is lot of sophistication
and advancement, but there was a
time when there was no internet and
other modern devices, and people
had to depend solely on the life
insurance agents for guiding them
towards the best policy and for
calculating the exact life insurance
cover. And these agents used to help
the common people as they were
skilled and had experience in
calculating the figure accurately as
per the insured’s requirements.
But now trend has changed completely and internet has evolved making it
convenient and comfortable for the people to find out their best policy and
the suitable amount that can be segregated for the insurance cover and this is
possible with minimum effort. The life insurance amount can be figured out
within no time with the present technology.

4. With the life insurance premium calculator, the person can find out the exact
amount of the premium to be paid, duration of the policy and the exact return
value of the policy at the time of maturity or death. The insured can opt for any
policy that will suit for his/her life span, with the help of this calculator. The
aim of this calculator is to estimate the knowledge able approximate amount
which a person can set aside from his/her salary for the purpose of future
security without disturbing the current financial status to a great extent. It
means that the family can survive with the policy return even in case of the
insured’s death at any time.

5. There are many methods that can be used
to calculate precisely the amount of life
insurance policy, but the most popular and
common one considers the income and
expenditure of the policy holder and
predicts the suitable policy and amount.
Expenditure for this purpose will include
child’s education expense, monthly
expenditures and other operating costs,
while income will consider the policy
holder’s monthly salary, spouse’s salary,
reimbursements, additional source of
income like rent, extra income etc. It will
also consider the spouse’s age, the age of the
youngest child and few other factors.

6. Once this calculation is done, the exact figure can be known. In case the figure
shows negative, then it clearly emphasizes that the person is not fit to buy a policy.
And if the figure is positive, the person can buy the insurance cover for the
represented amount as shown by the calculator. Thus this calculator is the most
better and plausible way to find out the approximate amount that can be set aside
for the life insurance coverage.
See https://www.bajajallianz.com/Corp/life-insurance/life-insurance-calculator.jsp
for more details Life Insurance Premium Calculator

7. http://plus.google.com/+bajajallianz/posts
https://twitter.com/bajajallianzLIC
https://www.youtube.com/user/jiyobefikar
https://instagram.com/bajajallianzlifeinsurance
https://www.facebook.com/bajajallianzlifeinsuranceltd
https://www.linkedin.com/company/bajaj-allianz-life-insurance-co-
ltd-