- name
- benefit-calc
- version
- 1.0.0
- description
- Calculate insurance benefit payouts, coverage amounts, and premiums. Handles life insurance sum assured, health insurance reimbursement, critical illness lump sum, and retirement annuity calculations. Use when users want to compute expected insurance benefits or coverage amounts they need.
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?"