Insurance Coverage Needs Calculator

🛡️ Insurance Coverage Needs (DIME)

Estimate how much life insurance cover your family would need if you were no longer around, using the DIME method: Debt, Income replacement, Mortgage and Education.

Outstanding debts to clear (car loan, renovation loan, personal loans, credit cards, excludes home loan)

Your annual income (take home, per year)

Years of income to replace (until family is self sufficient)

Outstanding mortgage balance (HDB or bank home loan still owed)

Children's future education costs (total you want set aside, all children)

Existing life insurance cover (term, whole life, DPS, group cover)

Liquid savings and investments (cash, shares, unit trusts, excludes CPF and property)

Recommended additional cover to buy

S$0

Total need minus what you already have.

Debt Income Mortgage Education

Method: DIME (Debt, Income, Mortgage, Education) needs based insurance planning, as promoted by MAS MoneySense, the national financial education programme. See MoneySense, "How much insurance do you need" at moneysense.gov.sg. For a guided tool, try the MoneySense Insurance Estimator. The Dependants' Protection Scheme (DPS) auto cover is administered by the CPF Board at cpf.gov.sg. This calculator is pure arithmetic and uses no tax rates or scheme ceilings, so nothing here expires.

General information only, not financial advice. The DIME method is a rough rule of thumb and does not account for inflation, future income growth, your spouse's earnings or specific policy terms. Verify your real needs with a licensed financial adviser and the official source.