Toolopedia

Term Insurance Premium Affordability Evaluator

Determine how much term insurance coverage one can afford based on current financial condition. This tool takes monthly income, existing EMIs, current premium payments, and savings ratio as inputs. It calculates the suggested maximum term coverage, a recommended premium-to-income ratio, and displays a financial stress indicator. A horizontal gauge visualizes the affordability zone (Safe / Risky / Overstretch), and users can compare two different scenarios.

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