Citi Protection Calculator
Have you done enough to protect your loved ones?
Plan ahead to protect your family's future needs
The Citi Protection Calculator is for your general reference and information only. The methodology used to derive "Protection Required" is from Citi Protection Calculator designed for other Citibank affiliates, with a cost of living adjustment for Hong Kong applied. It does not have regard to your specific investment objectives, financial situation and particular needs. You should not rely on this calculator to make any decision on whether to purchase an insurance policy. You should seek your bank financial consultant or independent advice if necessary. Information generated by the Citi Protection Calculator shall not constitute nor should it be taken as a substitute for professional advice. The assumptions used in the methodology in this calculator may not apply to you. Information obtained in this exercise is solely to facilitate the calculation and is not a formal document to be used for product recommendation purposes. All product recommendation will be based on the final information collected in a Financial Needs Analysis. For a full Financial Needs Analysis, please make an appointment with us.
- The methodology used to derive "Protection Required" is from Citi Protection Calculator designed for other Citibank® affiliates, with a cost of living adjustment for Hong Kong applied. The study examined average insurance needs, taking into account a person’s average liabilities and the needs of their dependents.
- If you earn more than the average Hong Kong person in your age group, your protection figures will be adjusted to reflect your income. This takes into account the needs of your dependents and your average liabilities in the event of death.
- Citibank® shall not be liable for any loss/damage suffered by you as a result of using this calculator.
- Information obtained in this exercise is solely to facilitate the calculation; Citibank® will not retain any information in any form.
How old are you?
What's your monthly income?
How many children rely on your financial support?
How many parents rely on your financial support?
Your Protection Required
Your Protection Required is the amount you need to ensure that your loved ones are well-provided for should anything unfortunate happen to you, taking into account their potential needs to maintain their current lifestyles.
Now that you know your Protection Required, let's find out your Protection Gap - the difference between the amount that you are currently protected for and the amount you need to make sure your family is adequately covered.