What does it mean?
Assess the financial impact on your family in your absence, considering existing assets, liabilities, and future needs.
How does it work?
It adds your assets (like savings, insurance, investments) and subtracts liabilities (like loans, expenses, and goals).Shows if your family will have a surplus or shortfall helping you act today to secure their tomorrow.
Formula:
Family Protection calculator = Net Worth + Insurance – Liabilities – Future Family Needs
Example: If your family would have ₹80 lakh assets +Insurance and ₹1 crore expenses, you know you’ll need ₹20 lakh more protection.
FOLO Tip : Secure your family with nominee updates, & coverage upgrade.