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#

1. Identify calculation type (coverage needed / payout expected / premium estimate)
2. Collect required inputs (income, expenses, dependents, age, sum assured, etc.)
3. Apply standard actuarial formulas or rule-of-thumb benchmarks
4. Show calculation steps transparently
5. Present result with context (is this enough? industry benchmark?)
6. 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?"