How much term insurance do I need?
Kosh adds loans outstanding to the year’s planned payments times N years. Your family sets N, and it starts at 10.
Life cover needed
₹2.1 cr
₹60 L loan + ₹15 L a year × 10
Protection gap
See the gap between cover needed and cover held
An insurance gap calculator for your Household. Kosh adds loans outstanding to the year’s payments times N years, then takes off the life cover you hold.
Net worth
₹61 L
Funds and savings ₹85 L, home loan ₹24 L
Asha₹40 LRavi₹21 L
Savings last11 months
Largest fund32%
Mutual funds₹62 L · 73%
PPF and NPS₹14 L · 16%
ULIP₹9 L · 11%
Minus the cover you hold
Kosh takes off the life cover the family already holds. What is left is the protection gap.
Protection gap
₹1.1 cr
₹2.1 cr needed, ₹1 cr cover held
Health cover, your number
For health cover, the family types in the amount it needs. Kosh shows it next to the cover you hold.
A gap, not a product
Kosh shows the gap and stops there. It never suggests an insurer or a policy.
Questions
Protection gap: questions
How is the protection gap worked out?
Needed life cover is loans outstanding plus the year’s planned payments times N years. Kosh takes off the cover you hold.
Can I change the number of years?
Yes. Your family sets N. It starts at 10.
Does Kosh suggest a term plan?
No. Kosh shows the gap. Which policy to take, if any, is your decision.
How does Kosh know my health cover need?
You type it in. Kosh does not work out a health cover number for you.