The 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 protection product such as 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 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 visit our nearest Citibank branches and speak to our Personal Banker or Relationship Manager.
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 with a cost of living adjustment for Indonesia applied.
Your 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.
Currency used for all amounts shown is the calculator is in IDR, until otherwise mentioned.
For the calculation purpose, existing education cover / savings is assumed to be equally spread over the number of children specified.
Your child / children seems to have already reached university age. If not, please refine your responses.
IDR40,000 Existing Education Plan / Savings
IDR160,000 Education Planning Gap
Click here to view and change inflation rate and rate of return used for the calculation.
Other Savings Goals
To reach your other financial goals in the desired timeframe, you may require:
IDR0
Target Savings Amount
Monthly Savings of IDR0for 0 years
You are well covered
IDR0 Existing Savings (Future Value)
IDR0 Savings Gap
Click here to view and change inflation rate and rate of return used for the calculation.
Please refine your answers to view the details.
Your Life Protection Required is the amount you need to ensure that your loved ones are well-provided for should anything unfortunate happen to you, taking into account their potential needs to allow them to maintain their current lifestyles.
The gap between the amount that you are currently protected for, and the amount you need.
Total amount you would need after retirement
Monthly savings needed is the amount you need to set aside every month until your retirement to cater to your retirement needs.
The gap between the amount that you currently have saved for retirement (this includes any existing retirement plan / savings) and the amount you need.
Total amount you would need for your child / children's education
Monthly savings needed is the amount you need to set aside every month until your kids enters university to provide financial security for your child / children's education and future
The difference between the amount that you have already saved for your child / children’s education (including any existing education plan) and the amount you need
Total amount you would need to accomplish your desired goal
Monthly savings needed is the amount you need to set aside every month for a defined period in order to accomplish your desired goal
Savings Gap is the difference between the amount that you have already saved for your goal and the amount you need to accomplish your goal