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Family Financial Safety Net Calculator
Objective, math-based calculation of your family’s term insurance need and 6-month liquid cushion. Zero agent commissions, zero spam.
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jf-kits-v1).Family Financial Safety Net Assessment
Jagruk FamilyGenerated on: DD/MM/YYYY • Private Offline Calculation
Enter Your Family's Financial Numbers
Rent/EMI, groceries, bills, school fees, maintenance
Home loan, car loan, personal debts to clear
Estimated corpus needed per child for college/degree
Savings, mutual funds, FDs (exclude primary home/jewellery)
Only pure term insurance sum assured (exclude endowment)
Sum insured of your retail family floater policy
Your Family's Safety Net Assessment
1. Liquid Buffer
₹3,00,000
6 Months Household Expenses
Keep in a high-yield sweep-in FD or liquid savings account. Never invest emergency buffer in stocks or real estate.
2. Pure Term Need
₹1,30,00,000
Recommended Minimum Cover (15×)
Up to ₹1,60,00,000 (20×). If an earner passes away, this replaces salary, clears ₹25,00,000 in debt, and funds education.
Protection Gap: ₹1,30,00,000 missing
3. Health Floater
₹15 Lakh to ₹25 Lakh
Base Floater + Super Top-Up
Standard ₹5 Lakh covers routine procedures, but catastrophic illness requires a ₹50L or ₹1 Crore super top-up policy (costs ~₹2,000–₹4,000/yr).
3 Golden Rules of Indian Family Protection
- Never mix insurance with investment: ULIPs and endowment plans give poor life cover (barely 10x annual premium) and low 4–5% returns. Buy pure term life insurance and invest the rest separately in index funds or PPF.
- Buy before pregnancy: Retail maternity insurance waiting periods are 9 months to 3 years under IRDAI 2024 rules. You cannot buy maternity cover once pregnancy has begun.
- Check Section 39 nomination: Ensure your spouse and children are listed as “Beneficial Nominees” so claim proceeds bypass other legal disputes.