Term Plan - Full Analysis

Term Insurance Needs Calculator

Need-Based Analysis (NBA) for Financial Planning

1. Immediate Needs & Debts (e.g., Loans, Final Expenses)

Current Outstanding Loans (₹)

Include Home Loan, Car Loan, Personal Loans, etc. (To be paid off immediately).

Family Emergency Fund Needed (₹)

Typical recommendation is 6-12 months of monthly expenses.

2. Future Financial Goals (e.g., Child's Education & Marriage)

Total Goal Corpus Needed (₹) (Inflation-adjusted amount)

Lump sum needed for specific future events like college fees or wedding expenses.

3. Income Replacement (Adjusted for Inflation and Returns)

Required Annual Household Expenses (₹)

The amount needed yearly to maintain the family's current lifestyle.

Dependent Period (Years)

Years until the youngest dependent becomes financially independent.

Future Inflation Rate (%)

How quickly annual expenses are expected to rise.

Corpus Reinvestment Rate (%)

Expected conservative return on the death benefit payout.

4. Existing Resources (What the family already has)

Existing Financial Assets (₹)

Liquid savings, equity, mutual funds, or FDs that can be used by the family.

Existing Term/Life Cover (₹)

Sum assured of any other existing life insurance policies.

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)

Calculation Warning: