Does CalcuTools recommend an insurer?

No. The insurance tools are designed to expose assumptions and compare policy features, not rank insurers or recommend a specific product.

Are these calculations insurance quotes?

No. They are household planning models. Actual premiums, underwriting, claim decisions and policy terms depend on the specific contract and applicant.

Which tool should I start with?

Use the Protection Decision Engine if you already know your gaps, or start with the term-life or health planner to build those gaps.

Decision Engine

Insurance & Protection Planning

Turn life insurance, health cover, emergency cash and existing policies into one transparent protection view. Enter your own assumptions. CalcuTools does not rank insurers or tell you which policy to buy.

Open Protection Decision Engine Plan Life Cover

What this cluster answers

🛡️ Term-life cover plannerIncome support + debt + goals − assets − existing cover. 🏥 Health insurance plannerStress-test a hospital-cost target against current cover and reserves. 📉 Insurance gap calculatorCombine life, health and liquidity gaps in one view. 👨‍👩‍👧 Family protection plannerSee how dependents, debts, goals and cash reserves interact. 🔍 Policy comparison checklistCompare policy features without pretending one insurer is universally best. 📂 Claim-readiness checklistOrganise documents and claim contacts before a stressful event.

How CalcuTools treats insurance decisions

Insurance is not a single-number optimisation problem. A low premium can still be poor protection if exclusions, waiting periods, deductibles, co-payments, policy limits or claim conditions leave a large uninsured amount. Conversely, buying more cover than the household can sustainably maintain can create its own problem.

Life protection

The life-cover planner uses a simple current-value framework: family support need for the chosen years + outstanding debt + stated goals − liquid assets − existing life cover. It is deliberately transparent rather than presenting a universal income multiple as a rule.

Health protection

The health planner lets you choose a stress-test hospital cost, a buffer, existing health cover, employer cover and a medical reserve. The output is a gap against that scenario, not a promised claim amount or policy recommendation.

Regulatory context

Insurance products and policyholder protections in India are regulated by IRDAI. For health insurance, IRDAI's 2024 framework includes claim-service timelines and other policyholder requirements. Always read the policy wording and Customer Information Sheet for the specific product you are considering.

Sources: IRDAI Insurance Products Regulations, 2024 · IRDAI Circulars · Last reviewed 20 September 2026.