Term Insurance Needs Calculator

Need-Based Analysis (NBA) for Financial Planning

1. Immediate Needs & Debts (Example: Home & Car Loans)

Current Outstanding Loans (₹)

**Example:** Home Loan ₹25L + Car Loan ₹5L = **₹30,00,000**

Emergency Fund Needed (₹)

**Example:** 12 months of family expenses (₹1.5 Lakh/month) = **₹15,00,000**

2. Child Education/Marriage Goals (Example: Child Education)

Child Education/Marriage Goals (₹) (Inflation-adjusted deficit)

**Example:** Future cost of 1 child's PG education (adjusted for inflation) = **₹50,00,000**

3. Income Replacement (The Present Value Calculation)

Annual Household Income (₹)

Dependent Period (Years)

Future Inflation Rate (%)

Corpus Reinvestment Rate (%)

Expected conservative return on the death benefit payout.

4. Existing Resources (Example: Existing Savings & Cover)

Existing Financial Assets (₹)

**Example:** Liquid Investments (MFs, FDs, Gold) = **₹5,00,000**

Existing Term/Life Cover (₹)

**Example:** Existing Term Plan Sum Assured = **₹1,00,00,000**

Recommended Insurance Coverage Analysis

Total Capital Needs (Gross Requirement)

💰 (A) Immediate Needs & Debts: ₹ 0

🎓 (B) Future Goals Fund: ₹ 0

💵 (C) Income Replacement Value (PV of Income Stream): ₹ 0

TOTAL GROSS CAPITAL NEEDED (A+B+C): ₹ 0

Less: Existing Resources (D)

🏦 Existing Financial Assets (4a): ₹ 0

🛡️ Existing Term/Life Cover (4b): ₹ 0

Total Existing Resources (D): ₹ 0

Your **NET** Recommended Term Insurance Cover

₹ 0

(Total Gross Capital Needed - Total Existing Resources)

KalpaKuber Insurance

Monday, October 6, 2025