Benefit Calculator
Calculate insurance payouts, required coverage amounts, and premium estimates based on user inputs. Covers life, health, critical illness, disability, and annuity calculations.
When to Use
- User asks "how much life insurance do I need?"
- User wants to calculate expected reimbursement for a medical expense
- User wants to know how much critical illness cover to buy
- User asks about expected annuity income from a retirement policy
- User wants to estimate premium for a given coverage amount
How to Use
- Identify calculation type (coverage needed / payout expected / premium estimate)
- Collect required inputs (income, expenses, dependents, age, sum assured, etc.)
- Apply standard actuarial formulas or rule-of-thumb benchmarks
- Show calculation steps transparently
- Present result with context (is this enough? industry benchmark?)
- Offer sensitivity analysis (what if income increases / expenses change?)
Examples
- "How much life insurance do I need? I earn ¥300,000/year with a wife and two kids"
- "If I'm hospitalized for 5 days at ¥2000/day, how much will my insurance pay?"
- "How much critical illness cover should a 40-year-old have?"