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Plan your dream wedding with our Wedding Budget Calculator

Indian weddings are known for their grandeur, a whirlwind of colours, traditions, and celebrations. 8-10 million weddings take place in India every year. That’s right, 10 million. These grand events aren’t just about getting married - they cement your status in the eyes of those you love, which makes it even more important to throw a celebration worth remembering.

But let’s be honest - celebrations like this don’t come cheap. The Indian wedding market is worth a jaw-dropping ₹10 Lakh Crore, making it the second largest globally. And destination weddings? They’ve taken the extravagance to a whole new level, with costs soaring past ₹50 Lakh.

If you’re gearing up for your big day, one thing is crystal clear: budgeting is everything. Our Wedding Cost Calculator is here to make your life easier. Start planning early to build the corpus you need so that you can have the wedding of your dreams.

Wedding Budget Calculator

First Step: Enter details

Current wedding expenses (₹)

Inflation rate (%)

Current age of the child

Child's age at the time of the wedding

Current savings for wedding (₹)

Expected annual rate of ROI (%)

Proceed

Wedding Budget Calculator

Discover your savings goal

Just one more step to go!

Full name (First and last)

Are you an NRI?

Yes

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Calculate now

Wedding Budget Calculator

Restart

Here it is!

Cost of wedding after 16 years

₹ 65,00,000

Amount to be saved monthly to meet the cost of your child's wedding

₹ 15,000

Why do you need a wedding budget?

Weddings are more than just a ceremony; they’re an investment. From jaw-dropping décor to mouth-watering food, the bills add up fast.

Let’s break it down:

Venue & Catering: These eat up to 30% of the budget
Designer Outfits: That’s close to 37% of the budget
Decor: Glitzy flowers and fairy lights? Around 19%
Gifts & Miscellaneous: Another 14% sneaks in here

Last peak wedding season alone, the total spend on Indian weddings was ₹4.74 Lakh Crore. Don’t forget, weddings are inflation-proof! This means that even if people reduce their spends on other items, they still go all out on the wedding.

So, whether it’s a cosy family gathering in the hills or a week-long palace party, planning ahead keeps your finances intact.

What is a Wedding Budget Calculator?

A wedding cost calculator is an easy-to-use tool that gives you an estimate of your wedding expenses based on the details you input.

You feed in details the total expense, the current age of your child, the estimated age at which the wedding will take place, current savings for the wedding, inflation rate, and expected annual rate of return on investment (RoI).

Here’s what it can do:

It tells you what the cost of wedding will be when it actually takes place after accounting for inflation.
It suggests how much money you should start saving monthly basis the RoI expected to ensure you’re all ready when the time comes

How does a Wedding Budget Calculator Work?

Using our Tata AIA Wedding Cost Calculator is very easy

Visit our website and select the Wedding Cost Calculator.
Input the details like age, expenses
Factor in inflation and expected RoI.
Review the results and get a clear savings plan.

You’ll know exactly how much to save, down to the last marigold petal.

Destination Weddings: A new level of Wow

Beachside romance? Fairytale palaces? Mountain-top mehendi parties?

Destination weddings are the flavour of the season, with couples flocking to hotspots like Jaipur, Goa, and Kerala. But here’s the thing, these dreamy locations often come with a hefty ₹50 Lakh+ price tag and even further if it’s planned abroad. Of course, this cost is likely to increase by the time your child actually gets married. That’s why starting financial planning early is the key.

The stress-free way to financial freedom

Planning your child’s wedding can feel overwhelming, but financial preparation can make it seamless. With Tata AIA Shubh Muhurat, we help you along this journey with guaranteed¹ payouts and wealth accumulation while ensuring capital protection.

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Key Benefits:

Timely proceeds for wedding milestones

Align payouts with wedding milestones, ensuring stress-free execution

Security of investment

Capital invested will be guaranteed¹

Long-Term Equity Growth

Grow your wealth steadily with our top rated² funds to meet grand aspirations, ensuring a lavish and unforgettable grand wedding

Exclusive Protection for Loved Ones

Safeguard policy benefits for your family from creditors or lenders with the MWPA (Married Women's Property Act).

Comprehensive Coverage

Protect your family’s future with comprehensive life coverage throughout the policy term

Premium Waiver

Future premiums will be waived off in case of an unfortunate incident without impacting the maturity benefit

Tax Benefits

Enjoy tax benefits³ on both premium payments and policy benefits as per prevailing tax laws

Start planning today with Tata AIA Shubh Muhurat and make every moment count without financial worries.

Linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/ withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

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Why use the Tata AIA Wedding Budget Calculator?

Using a wedding cost calculator empowers you to:

Budget effectively for each aspect of your wedding
Plan for inflation and unexpected expenses
Align your financial goals with long-term aspirations, like saving for your child’s future

FAQs

1.How much does an Indian wedding cost?
Anywhere from ₹50 Lakh to ₹70 Lakh, with destination weddings often exceeding ₹50 Lakh. Use our calculator to plan as per your budget.

2.Why is financial planning important for weddings?
Weddings mark the start of a new chapter, not the end of your savings. Plan early to enjoy the celebration without regrets.

3.What is Tata AIA Shubh Muhurat?
It’s a financial plan with tailored payouts to help you stay ready for every stage of wedding planning.

4.What extra costs should I include for a destination wedding?
Think travel, hotel stays, meals, and those Insta-worthy extras. Don’t forget to adjust for inflation.

Disclaimers

Shubh Muhurat Solution is a combination of Tata AIA Life Insurance Fortune Guarantee Secure (Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan) UIN:110N206V02 and Tata AIA Life Insurance Smart Fortune Plus (Unit Linked, Individual Life Insurance Savings Plan)-UIN:110L177V01.
These products are also available for sale individually without the combination offered/ suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.
Tata AIA Benefit Protection Rider - A Non-Linked, Non-Participating Individual Pure Risk Health Rider (UIN: 110B049V03)
https://www.thehindu.com/business/Industry/big-fat-indian-wedding-at-10-lakh-crore-expenses-second-only-to-food-grocery/article68351491.ece
https://www.outlookmoney.com/spend/average-weddings-budget-hits-rs-37-lakh-in-2024-destination-weddings-top-rs-50-lakh
https://www.business-standard.com/industry/news/4-8-million-weddings-this-year-to-generate-over-rs-6-trillion-cait-124110500818_1.html
¹Return of invested premium in the form of Regular Income or Lumpsum benefit through Tata AIA Life Insurance Fortune Guarantee Secure (Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan)
²All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 2024
©2024 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.
³Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. For ULIP policies, maturity income will be taxable if annual aggregate premium exceeds ₹2.5 Lakh in a financial year. For non ULIP insurance policies, maturity income will be taxable if annual aggregate premium exceeds ₹5 Lakh in a financial year. Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
These products are underwritten by Tata AIA Life Insurance Company Limited.
The customer is advised to refer the detailed product brochure of respective individual products, segregated premium particulars of each product.
The premium amounts shown in the illustration above is indicative and calculated assuming that the life Proposed/ Assured is a healthy person.
Depending upon the factors such as health, occupation of the customer and other intrinsic factors such as non-submission of documentary evidence like age proof, the premium will be adjusted accordingly, asper the underwriting guidelines of Tata AIA Life Insurance Company Limited.
For details of the rates and the terms and conditions applicable to the particular person/ policy, kindly refer to the specifications in the policy document after issuance.
For more details on risk factor, terms and conditions, please read Sales brochure of the particular plan carefully before concluding a sale.
The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the "Company").
Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to)a year, with reinvestment of dividends (if any).
Please make your own independent decision after consulting your financial or other professional advisor.
All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
To know the details of premium and benefits for each plan of this combination solution please go through the benefit illustration of individual product as provided to you.
The benefits available under this combination shall be as per the respective product's terms and conditions. All Premiums, Charges and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
Insurance cover is available under these products.
All reference to age is as on last birthday.
These plans are not a guaranteed Issuance plan, and it will be subject to Company's underwriting and acceptance.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the Surrender Value payable may be less than the total premiums paid.
Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or down based on the performance of the fund and factors influencing capital markets & the insured is responsible for his/her decision.
Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Smart Fortune Plus is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company.
Various funds offered are the names of funds and do not, in any way, indicate the quality of the funds, their future prospects & returns
This publication is for general circulation only. This document is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. This document is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
L&C/Advt/2025/Feb/0755