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Contingency Calculator

This document provides a template for financial planning and insurance needs. It collects personal details of the individual and their family members. It gathers information about existing loans, insurance policies, wealth, lifestyle costs, children's education goals, liquid assets, and health insurance details. Based on this information, it calculates the life insurance gap, health insurance gap, and corpus needed to meet lifestyle costs in order to develop a financial protection plan.

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51 views3 pages

Contingency Calculator

This document provides a template for financial planning and insurance needs. It collects personal details of the individual and their family members. It gathers information about existing loans, insurance policies, wealth, lifestyle costs, children's education goals, liquid assets, and health insurance details. Based on this information, it calculates the life insurance gap, health insurance gap, and corpus needed to meet lifestyle costs in order to develop a financial protection plan.

Uploaded by

Funny Name
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Financial Planning for

Todays date 06/07/20

Date of Birth (dd-


My Family Details mm-yyyy) Age Relationship with ICICI
My Name 121
Spouse 121
Child 1 121
Child 2 121
Father 121
Mother 121
Loan Details Outstanding Term Left EMI Rate, Provider
Home
Car
Personal
Gold
Business
Others
Insurance Details Type Due date Insurer Sum assured
Home
Car
Car
Wealth benefits availed for Debit card/ Credit Card?
Family's Financial Protection Planning
( ***Includes all expenses inluding cost of yearly
Life Style Cost A School education, vacation etc)

Corpus needed to meet the Life style @5% post tax return B 0
Present cost of children's goals like Child's education,marriage etc C (** cost of college education, marriage etc)

Total Loan Outstanding which is not insured D ( Home loans, personal loans, car loans etc uninsured)
Total Life Insurance Cover E
Total Liquid Assets F ( PF,ppf in self name, term plan, savings, fd etc)
Life Cover needed to fill the Gap (B+C+D-E-F) 0
*Health cover for hospitalisation - Costs can range between 10 to 20 lakhs for critical illnesses, accident leading to coma stage etc.
*Critical illnesses causes Financial loses due to Sebatical. 1 year Income replacement would help to combat the loss
Health Cover Planning
Employer provided to be considered if it will be
continued post employement/Retirement.
Cost of Critical/ Major illnesses at Hospitalisation 2000000
Current Personal/Continuity employer Health Insurance
Health Cover Top up Gap 2000000

Fill up only the blue boxes

* Continuity Employer insurance refers to the cover which continues post employment
* * add up the cost of all long term goals except retirement at todays value
*** Life style cost is the amount your family will need at todays value to sustain same lifetstyle even in your
absence

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