Protection Profile
Include rent, groceries, bills, and school fees.
Existing Protection
Daily Cost of Protection
₹0
Less than a cup of coffee to secure your legacy.
Maturity & Protection Dashboard
Total HLV Value
Economic value of your life
Insurance Shortfall
Gap to be bridged today
Protection Breakdown
💡 Strategic Recommendation
Detailed Protection Table
HLV Calculation Logic
Expense Corpus: Calculated using the discounted cash flow of your annual expenses over working years, adjusted for 6% inflation and 8% risk-free returns.
Deductions: We subtract existing life cover and liquid savings to find the true shortfall you need to insure today.
Why the 10x Income Rule is Obsolete in 2026
For decades, insurance agents suggested a cover of "10 times your annual income." In 2026, this rule is dangerously low. With 6-7% average inflation and 12-15% medical inflation in India, ₹1 Crore (which seemed massive in 2015) can barely support a family of four for 7-8 years.
Furthermore, lifestyle creep and high-value home loans mean your family needs a shield that clears liabilities *and* generates a sustainable monthly income. A more realistic baseline is now 20x or 25x of your annual expenses plus all outstanding liabilities.
Term Insurance vs. Endowment/ULIPs
| Feature | Term Insurance (Pure) | Endowment / ULIP |
|---|---|---|
| Sum Assured | Very High (₹2 Cr+) | Low (₹10 - ₹20 L) |
| Monthly Premium | Low (~₹1,500) | High (~₹10,000) |
| Maturity Benefit | Zero (Pure Cover) | Invested Amount + Bonus |
| Primary Goal | Family Protection | Forced Saving |
4 Essential Riders for Your Term Plan
1. Critical Illness
Pays a lump sum on diagnosis of major illnesses like Cancer or Heart Attack.
2. Waiver of Premium
Policy continues without further premiums if you face permanent disability.
3. Accidental Death
Provides additional sum assured if death occurs due to an accident.
4. Terminal Illness
Early payout if diagnosed with a life-ending disease with <6 months prognosis.
Deep-Dive: Impact of 2026 Medical Inflation
In 2026, the average cost of a 5-day hospitalization for a critical event in a Tier-1 Indian city is now ₹8 Lakhs - ₹12 Lakhs. This is why HLV calculations must include a "Buffer" for medical costs. If you lack comprehensive health insurance, your Life Insurance cover should be increased by at least 15% to cover potential end-of-life medical bills that could otherwise deplete your family's inheritance.