Many families are under-insured without realising it — protected by a round number, not the real cost of replacing everything you provide. Find the figure that would keep your family's life unchanged if you were gone, using Nepal's standard needs-based method.
How much life insurance do you need in Nepal? A common rule of thumb is 10–15× your annual income — so NPR 50,000/month (NPR 6 lakh/year) points to at least NPR 60 lakh of cover. The precise figure depends on your loans, dependents, and existing savings. The calculator below works it out using Nepal's standard needs method: expenses + loans + education − existing savings.
Rent, food, school fees, utilities, transport — everything your family spends in a year.
How many years your family needs financial support if you were gone today.
Home loan, car loan, personal loans — total outstanding balance.
School + college total, including living costs if studying away from home.
Fixed deposits, shares (DEMAT), EPF/gratuity, gold — liquid assets only. Not property.
Total sum assured across all your current life insurance policies.
Share your assessment and our team comes back with plan recommendations built around your exact coverage gap — yours to act on when you're ready.
Request received! Our team will be in touch with you shortly.
For a family spending NPR 4 lakh per year, Rs. 50L covers roughly 12 years of expenses — before accounting for loans or education. If you have a home loan of Rs. 30–50L, your true need may be NPR 80L–1.5Cr. Run the assessment above to find your personalised number.
A family of four with two school-age children typically needs NPR 1–2 Cr of cover to address: 20+ years of household expenses, a home loan, and two full education funds (NPR 20–40L each for professional degrees). The needs-based method accounts for all of this — and deducts what you already have in savings.
Most people settle on a round-number sum assured rather than working out the amount their family actually requires. The result is a household covered for a figure that has little to do with its real loans, dependents, and expenses. Tools like this one, which calculate need first and match coverage second, are how you avoid that gap.
The standard needs-based formula: (Annual household expenses × years of support needed) + outstanding loans + children's education fund − existing savings and investments. For most Nepali families, this results in a coverage need of NPR 50 lakh to NPR 2 crore. Use the calculator above to get your personalised figure.
A coverage gap is the difference between the life insurance cover your family needs and what you currently have. If you have NPR 25 lakh of existing cover but your family needs NPR 1 crore, your gap is NPR 75 lakh. The Need Assessment tool calculates this automatically and shows the minimum additional cover you should purchase.