Insurance acts as a safety net against unexpected life events—like death, disability, major illness, or accidents—that can cause financial hardship. It ensures your family’s lifestyle and financial goals are protected if you are no longer able to provide for them. 

A: The ideal amount varies based on your family's annual living expenses, outstanding debts, future financial goals (such as children’s education and marriage), and any existing assets or insurance. A common rule of thumb is to have coverage equal to 10–20 times your annual income, but a personalized calculation provides the most accurate answer. 

A: Group or employer policies often provide only basic or temporary coverage. Consider it a supplement, not a substitute, for your personal protection needs—especially if you change jobs or retire, as the policy may end. 

A: Besides term life insurance, consider health (medical) insurance, critical illness cover, accident/disability insurance, and property insurance. Each serves to protect against different risks—financial planning means identifying and plugging all these gaps 

A: Review your policies every year or upon major life events—such as marriage, buying a home, birth of a child, or large changes in income or debts—to ensure your coverage keeps up with your needs. 

A: Buying young typically means lower premiums and fewer exclusions, as you’re likely healthier. Waiting can lead to higher costs or rejection due to new health issues. 

A: Term insurance offers pure protection and the highest coverage for the lowest premium, making it ideal for financial protection. Investment-linked plans blend insurance and savings but may not provide sufficient cover. For most clients, term insurance plus separate investment instruments is more cost-effective and flexible. 

A: Critical illness insurance gives a lump-sum payout upon diagnosis of specified serious illnesses (like cancer, heart attack). Accident/disability insurance pays benefits if you are injured, permanently or temporarily disabled due to an accident. 

A: Comprehensive health plans also cover pre- and post-hospitalization expenses, day-care procedures, and certain outpatient treatments. Read your policy to understand inclusions and exclusions. 

A: Many policies offer additional riders—like critical illness, waiver of premium, accidental death/disability. These can be a cost-effective way to expand your protection by paying an extra premium. 

A: Age, health, occupation, lifestyle habits (smoking/drinking), coverage amount, and policy term all influence cost. Early, healthy applicants typically get better rates. 

A: Personal financial planning is a structured process that helps you assess your current finances, set life goals (like retirement, child's education, home purchase), and devise strategies (including savings, investments, and insurance) to achieve them. It’s important because it reduces financial stress, prepares you for uncertainties, and ensures your money works efficiently toward your priorities. 

A: Ideally once a year, or after major life/financial events—like marriage, birth of a child, a new job, or major purchases. Regular review keeps your strategy relevant and effective. 

A: These details allow us to accurately project your future financial needs, determine appropriate investment timelines, and recommend suitable products and strategies. 

A: Yes, because family goals are often joint (housing, education), and household income determines your combined ability to save and invest. 

A: We use current fees, expected inflation rate for education, years left until enrollment, and course duration to project the total future requirement. This accounts for rising costs over time. 

A: The planning tool shows "expected" values. Regular plan reviews help you adjust contributions or goal timelines based on actual investment performance. 

A: It considers present estimated costs, inflation until the year of marriage, and any accumulated or invested funds meant for that purpose. 

A: Yes, simply update input values—years, estimated costs, inflation—and the calculator will show revised requirements and investment suggestions. 

A: Yes, each goal is individually tracked using its current cost, timeframe, inflation rate, and your assigned investments to ensure each aspiration remains on target. 

A: Typically, the recommended fund covers 6-12 months of essential living expenses or the amount needed to support your household for a defined crisis period. 

A: Income protection ensures your family can maintain its lifestyle and meet obligations if you’re unable to provide for them—due to death, disability, or critical illness. Life insurance and debt coverage prevent financial distress in such situations. 

A: Our tools estimate your protection needs based on annual income, passive income, debts and existing cover, helping you identify gaps. 

A: The calculator estimates your likely monthly expenses at retirement (inflation-adjusted), how long your retirement will last (life expectancy), and then works out the lump-sum needed to fund this, accounting for expected investment returns. 

A: Yes, input all existing balances and regular investments to see your projected corpus and any gap that remains. 

A: In this client version, data is only temporary and will not be saved or shared unless you export or print it manually. 

A: Yes! Use the provided print/save as PDF button, or your browser’s print function to download a copy of your personalized plan. 

A: All calculations are based on the information and assumptions entered. For personalized advice and updated market values, consult with your financial advisor regularly.