Protect the financial lifeyou are building.
Identify the financial risks that could affect your goals, understand your existing protection and see where meaningful gaps may remain.
Protection picture
Current position
Financial risks
Identified exposures
Existing protection
Effective cover
Protection gap
₹25L
Example only. Actual protection requirements depend on your financial circumstances and risks.
01 · Financial risks
What could disrupt the plan?
Protection starts by understanding the financial consequences of risks affecting your income, family, liabilities, assets and goals.
Income risk
What happens to the financial plan if an important income source is affected?
Family risk
How could a major life event affect dependents and their financial goals?
Liability risk
Could existing debt or financial obligations become difficult to service?
Goal risk
Which financial goals could be affected by an unexpected event?
02 · Protection need
How much protection does the situation actually require?
The question is not simply whether a policy exists. The relevant question is whether the existing protection is sufficient for the financial exposure.
Financial exposure
₹1.00Cr
Example financial requirement arising from identified risks.
Existing effective protection
₹75L
Existing protection that can meaningfully address the exposure.
Remaining gap
₹25L
The portion that may still require a financial response.
These figures are illustrative only. The underlying Planvesto protection workflow calculates need, effective existing protection and the resulting gap from the investor's financial circumstances and selected methodology.
03 · Protection gap
Existing cover is only part of the picture.
A protection review considers the effective protection already available and the resources that may be usable before determining the remaining gap.
Identify the exposure
Understand what financial risk could affect the plan.
Review existing protection
Consider current policies and other effective resources.
Identify the residual gap
Determine what remains after existing protection is considered.
Map the affected goals
Understand which financial objectives could be affected.
04 · Protection strategy
There can be more than one way to address a gap.
A protection strategy considers the identified gap together with cash flow, goals and the wider financial position.
Transfer the risk
Use suitable protection products to transfer part of the identified financial exposure.
Self-fund part of the risk
Existing usable resources may form part of the response where appropriate.
Change the financial plan
In some circumstances, changing goals, cash flow or other financial actions can also affect the response.
The cost matters too.
Any protection strategy needs to be considered against its effect on surplus, liquidity, goals and the wider plan.
Validate before deciding
More cover is not automatically a better decision.
The protection decision needs to work financially as well as address the underlying risk.
Coverage fit
Does the protection address the identified exposure?
Affordability
What does the premium do to available cash flow?
Liquidity impact
Does the decision leave adequate liquidity?
Goal impact
Does the protection strategy interfere with important goals?
05 · Monitoring
Protection is not a one-time decision.
Your financial position changes. Policies expire. Coverage changes. Goals move. A protection plan therefore needs to be reviewed as circumstances change.
Coverage amount
Compare required vs actual protection
Policy expiry
Track important dates
Financial changes
Income, goals, liabilities and assets
Protection gap
Reassess when circumstances change
How protection planning works
From risk to a practical response.
The protection process moves from identifying the financial exposure to validating a response that fits the wider plan.
Identify financial risks
Understand the exposures arising from the financial position and goals.
Determine protection need
Quantify the protection required using the applicable methodology.
Compare existing protection
Establish effective cover and the residual protection gap.
Build possible strategies
Consider different ways of addressing the identified gap.
Validate the financial impact
Check affordability, liquidity, goals and portfolio effects.
Decide and monitor
Record the decision and review the protection as circumstances change.
Start your protection review
Know what you are protecting — and what may still be exposed.
Build the protection picture around your financial life, rather than evaluating policies in isolation.