By considering various factors like your present monthly expenses, liabilities, total income, and future life goals, you can choose a life insurance cover that is at least ten times your current annual income. You can use our life insurance calculators to know exactly how much life insurance cover you should opt.

Below are some of the factors you need to consider, before you choose the life insurance cover.

• Current annual income
• Monthly expenses
• Present and future financial liabilities
• Financial goals and aspirations
• Age at the time of policy purchase and number of working years left before retirement
• Number of dependent family members and their expenses

By using the Tata AIA Life Insurance savings calculator, you can plan your financial objectives better. The savings calculator enables you to better understand the amount of corpus you need to save, in order to accomplish your goals and objectives. By using the savings calculator, you will be able to understand how much money you can save, and for how long you have to pay premiums in order to reach your target amount.

The Tata AIA Life Insurance savings calculator is beginner-friendly. All you have to do is input the amount you want to invest, either on a monthly, quarterly, semi-annually, or on an annual basis, along with the number of years you wish to pay premiums. The savings calculator will then give you the total amount you can save, with the guaranteed payout amount and the maturity payout. This will enable you to plan better for your future, and to ensure that you can save for life’s big moments and milestones.

Without a proper savings goal, it would be difficult for you to prepare yourself for life’s big moments. You also have to start planning to ensure that you and your loved ones are financially secure. Some of the reasons why it is important to have a proper savings plan in place include:

• To fulfil your life goals, like buying a house
• To be prepared for life’s major milestones, like getting married, and having a child
• To ensure that you give wings to the dreams of your loved ones
• To protect your family against life’s uncertainties
• To prepare yourself financially for life’s inevitable moments, like your child’s education and marriage
• To be prepared in case of medical emergencies in the future