Lifestyle-Based Financial Planning: Plan Your Finances Around Your Goals

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Written byAbhishek Chakravarti

Taxation & Finance Writer

Published 31st July 2026

Reviewed byAlok Mishra

Last Modified 11th August 2026

Taxation & Finance Expert

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What is Lifestyle-Based Financial Planning?

Lifestyle-based financial planning refers to managing your finances based on your desired lifestyle, including your goals, values, vision, and spending habits. It is a personalised approach that aligns investments, insurance, and savings with your lifestyle objectives.

Traditional financial planning often starts with broad assumptions about savings, insurance, investments, and retirement age. In contrast, lifestyle-based financial planning focuses on an individual’s unique aspirations and creates a customised plan to achieve them.

Lifestyle-Based Financial Planning vs Traditional Financial Planning

Understanding the differences between traditional and lifestyle-based financial planning helps you identify gaps that personalised planning can fill.

Check out the essential differences between traditional financial planning and lifestyle-based financial planning across several parameters below:

Dimension	Traditional Financial Planning	Lifestyle-Based Financial Planning
Starting Point	Focuses on income, savings rate, and generic milestones.	Focus on your desired lifestyle, values, and life vision.
Goal Definition	Considers retirement corpus, children’s education, and home loan.	Analyses specific goals, such as retiring at 50, travelling three months a year, and living debt-free by 40.
Investment Approach	Investments made towards risk-based generic allocation in equity or debt funds.	Investments are goal-timed, lifestage-aligned, and lifestyle responsive.
Plan Review	It is recommended to review the plan annually or when the market changes.	The plan is reviewed at significant life events, such as marriage, promotion, children, or relocation.
Benchmark for Success	The success of a traditional financial plan is usually measured against whether defined financial goals, risk levels, and return expectations are being met.	The success is determined by the subjective satisfaction of living your desired lifestyle.
Lifestyle Inflation	Usually ignored	Explicitly managed and modelled to ensure that inflation does not reduce the corpus.
Personalisation Level	The same planning is used for all individuals; there is very low personalisation.	The plan is unique for every individual or family to cater to their financial needs; personalisation is high.
Focus	The main target is wealth accumulation to achieve the generic goals.	Focuses on wealth accumulation and holistic well-being for greater satisfaction.

5 Core Principles of Lifestyle-Based Financial Planning

Lifestyle-based financial planning focuses on building wealth that supports your personal aspirations. The following are 5 core principles of financial planning based on lifestyle that will help you to devise your plan efficiently:

1. Start with Your Life Vision, Not Your Balance Sheet

Define your life aspirations across stages like your 30s, 40s, 50s, and retirement. Financial planning should begin with life goals, while money acts as a tool to achieve them.

2. Every Rupee Has a Purpose

Each investment is linked to a specific lifecycle goal, such as education, travel, or retirement. This eliminates random or generic savings.

3. Your Plan Evolves with Your Life

Review your plan whenever major life events occur, such as marriage, promotions, children, or career changes. This keeps the plan aligned with your evolving lifestyle.

4. Lifestyle Inflation Must Be Managed

Lifestyle inflation occurs when spending rises with income. Proper planning incorporates inflation into investments to ensure your corpus keeps up with future needs.

5. Balance Today vs Tomorrow

A good plan balances present enjoyment with future security. It does not compromise your current quality of life for future goals.

The 6-Step Lifestyle Financial Planning Framework

You should follow a predefined path when designing your lifestyle-based financial planning framework to ensure you include all the details and aspirations.

Follow this structured framework to build an effective plan:

Step	Action	What to Do	Axis Max Life Tool
1	Define Your Lifestyle Vision	Write down all the financial requirements at different ages, such as 35, 45, 55, and 65 years. Include key details, such as where you live, how you travel, when you retire, and what you leave behind.	A financial needs’ assessment worksheet or advisor consultation can help analyse the key requirements.
2	Audit Your Current Financial Reality	Calculate your total net worth, including assets and liabilities, monthly cash flow, existing insurance coverage, investment portfolio, and tax liability.	An effective retirement calculator or net worth tracker can help you calculate all the details.
3	Identify Lifestyle Goals and Timeline	Turn every lifestyle dream into a clear financial goal with a target amount and deadline. Adjust the required amount for inflation to estimate how much you’ll actually need in the future.	A goal-based financial planning advisor can help you analyse each lifestyle goal and adjust it to inflation.
4	Build Your Protective Layer	Provide yourself a protective shield through a term insurance worth 15-20x your income, health insurance, and an emergency fund for 6 months, because protection comes before investment.	Axis Max Life Term Insurance and Critical Illness Cover provide the required coverage, thus protecting the financial future of your dependents.
5	Create Lifestyle Aligned Investments	Invest in the products that align with your financial goals, such as ULIP or equity for long-term investments over 10 years, debt or balanced funds for medium-term investments for 3 to 7 years, and liquid funds for short-term needs.	Axis Max Life Smart Wealth Plan is an ULIP product that offers the dual benefits of life cover and investments.
6	Review Triggers are Life Events, not Calendar	Review your plan whenever a significant life event occurs, such as changes in income, marriage, children, promotions, or other events.	An Axis Max Life advisor can help with a better analysis of the plan.

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Lifestyle Financial Planning by Life Stage

Different life stages require different strategies due to changing financial priorities. Check out the key lifestyle goals at different life stages to plan your lifestyle-based finances accordingly:

Life Stage	Typical Age	Key Lifestyle Goals	Financial Priorities	Axis Max Life Products
Early Career	22-28 Years	Travel, First Home Down Payment, Skill Development, and Lifestyle Freedom	Emergency Fund, ELSS, ULIP, Term Insurance, SIP, and Repay Education Loan	Term Insurance Plan and ULIP Plan
Building Family	28-35 Years	Children’s Education, Home Ownership, Family Security, and Career Growth	Increase Term Cover to 10-20x Income, Family Health Insurance, Home Loan EMI Planning, and Children’s Education ULIP	Term Insurance Plan, ULIP Plan, and Child Plans
Peak Career	35-45 Years	Premium Lifestyle, Wealth Milestone, Early Retirement, Second Home, and International Travel	Top-Up ULIP, NPS for Retirement, Manage Lifestyle Inflation, Equity-Linked Portfolio, and Tax Optimisation	ULIP Top-Up Plan, NPS, and Smart Wealth Plan
Pre-Retirement	45-55 Years	Children’s Independence, Retirement Income Security, and Legacy Planning	Shift ULIP to Debt Funds, Buy Pension Plan, Review Term Insurance Cover, and Estate Planning	Pension Plans, ULIP Debt Switch Without Taxation
Retirement	55-70+ Years	Travel, Family Support, Maintain Lifestyle Without Salary, and Health Security	Annuity Plan for Monthly Income, Corpus Management, Estate Distribution, and Senior Citizen Health Policy	Immediate Annuity and Pension Plan

Personalised Financial Planning India: 5 Lifestyle Profiles

The lifestyle profile of an individual determines how to create a personalised financial plan in India. Let us analyse different lifestyle profiles and their corresponding suitable personalised financial plans:

Lifestyle Profile	Profile Description	Core Financial Risk	Personalised Financial Plan
An Ambition Metro Professional	Age: 28-35 Years Income: ₹15-₹25 lakh City: Bengaluru, Mumbai, Delhi Lifestyle: High Lifestyle Spending, Career-Focused	Lifestyle Inflation: Income rises, but savings do not.	A disciplined budgeting approach with automated monthly investments, adequate term insurance, and a fixed savings rule can help control lifestyle inflation and prioritise investing before discretionary spending.
The Young Family Builder	Age: 30-40 Years Income, 1-2 Children, Own Home EMI, School Fees Pressure	Under-insured, over-leveraged, No retirement corpus started	Maintain a term insurance cover worth 20× the family’s combined income Invest ₹10,000 per month in a children’s ULIP for 18 years Build an emergency fund covering 9 months of expenses, and Focus on reducing personal loan EMIs to improve cash flow
The Aspiring Early Retiree (FIRE)	Age: 30-40 Years Lifestyle Goals: High-income saver, targets retirement at 45-50, minimalist lifestyle with luxury travel.	Underestimates post-retirement years with 35-40 years of corpus needed.	Build an equity-heavy ULIP corpus for long-term wealth creation, Use NPS for additional tax benefits Start an annuity plan from age 50 for steady retirement income, and Aim for a retirement corpus worth 30 times your annual lifestyle expenses, supported by regular use of a FIRE calculator to track progress.
The Comfortable Tier-2 Investor	Age: 35-50 Years Income: ₹8-₹15 lakh City: Pune, Jaipur, Lucknow Values: Lower costs, family first	Under-invested, excess idle cash, no health insurance, no retirement planning	Build: A balanced financial plan with a mix of PPF and ULIP balanced funds A ₹10 lakh family floater health insurance plan A ₹1.5 crore term insurance cover, and A pension plan starting from age 45
The HNI Wealth Builder	Age: 40-55 Years Income: More than ₹50 lakh Financial Condition: Asset portfolio, business interests, estate planning	Tax inefficiency, lifestyle to wealth mismatch, and no structured succession.	HNIs should evaluate ULIPs, mutual funds , term insurance, keyman insurance, estate planning tools, and succession structures separately. High-premium ULIPs may not qualify for full maturity exemption, so tax treatment should be checked before using them for wealth or estate planning.

Lifestyle Inflation: The Silent Wealth Destroyer

Lifestyle inflation happens when your expenses increase as fast as, or even faster than, your income. This prevents your savings from growing, eventually becoming one of the biggest obstacles to achieving long-term financial freedom.

Lifestyle Inflation vs Wealth Creation: A Tale of Two Earners

Let us understand the impact of lifestyle inflation by comparing two different case studies:

Components	Rahul: Lifestyle Inflation	Priya: Lifestyle Discipline
Starting Salary at 25 Years	₹10 lakh per year	₹10 lakh per year
Salary at 45 with 10% annual growth	₹67 lakh per year	₹67 lakh per year
Savings Rate	10% saving and spending grow with income.	30% savings, with lifestyle spending capped at 15% of income growth.
Total Investments over 20 Years	₹1.8 crore	₹5.1 crore
Corpus at the age of 45 with 12% CAGR	₹5.6 crore	₹15.9 crore
Retirement Readiness at 50	Not ready, must continue to work till 60+	Financially free to retire; can opt to work

The difference isn’t their income; both earn the same, but their lifestyle discipline. Priya’s lifestyle-based financial plan carefully tracked her yearly lifestyle expenses, limited unnecessary lifestyle inflation, and channelled extra income towards long-term wealth creation.

A ULIP’s 5-year lock-in acts as an effective lifestyle inflation control tool by protecting a part of your income from impulsive spending. Therefore, your premium should be treated as a fixed, non-negotiable lifestyle expense.

The 50-30-20 Rule: Adapting the Budget to Your Lifestyle

The 50-30-20 budgeting rule is a useful starting point for lifestyle-based financial planning. It should be customised based on your city, income level, financial responsibilities, and stage of life. Check out the working of the 50-30-20 rule below:

Budget Bucket	What it Covers	Standard	Metro Adaptation	Tier-2 Adaptation	FIRE Adaptation
Needs (50%)	Rent, EMI, groceries, utilities, insurance premiums, and school fees.	50%	60% (High Rent)	40% (Lower Costs)	40%
Wants (30%)	Dining, travel, subscriptions, lifestyle, hobbies.	30%	20%	30%	10% (Minimalist)
Savings (20%)	ULIP, NPS, ELSS, PPF, emergency fund, term insurance	20%	20%	30%	50% (Aggressive)

In cities like Mumbai and Bengaluru, housing expenses alone can take up 35–40% of monthly income. Hence, financial planning based on lifestyle must protect the savings allocation first, even if it requires cutting discretionary spending. Most generic financial plans fail to help you make this important distinction.

Lifestyle Financial Planning India: India-Specific Factors

Lifestyle-based financial planning in India depends on several specific factors that you must carefully analyse to devise a plan. The following is a detailed analysis of factors impacting lifestyle-based planning in India and the suggested financial planning for your lifestyle:

India-Specific Factor	Impact on Lifestyle Planning	Financial Planning Response
Healthcare Inflation at 13-14% per annum	Rising medical inflation in India outpaces overall inflation	Choose a super top-up plan, health insurance, critical illness cover, and retirement health corpus
Joint Family Obligations	Usually, Indian families include multiple interlinked relations, requiring support for parents, siblings, or extended family	Include family support as a fixed expenditure, buy a term insurance plan with an accidental disability cover
Education Cost Inflation at 10-12% per annum.	High-demand courses at IITs or IIMs will cost ₹20- ₹50 lakh, and international universities will cost ₹80 lakh to ₹2 crore by 2035	Start a children’s ULIP plan before the age of 5, target a ₹1 crore financial corpus by the age of 18 years
Tier-1 vs Tier-2 Lifestyle Cost	The cost of living in Delhi or Mumbai is 60-80% higher than in Pune or Jaipur, leading to a different lifestyle with the same salary	Look for city-specific lifestyle benchmarking and savings rates adjusted for the real cost of living
Old Tax Regime vs New Tax Regime	Under the old tax regime, deductions of up to ₹2.75 lakh under Sections 80C, 80D, and 80CCD(1B) help reduce taxable income. In contrast, the new regime offers lower tax rates but removes most deductions and exemptions	Under the old tax regime, investing ₹1.5 lakh in a ULIP under Section 80C, ₹50,000 in NPS under Section 80CCD(1B), and ₹75,000 towards health insurance can help save over ₹85,000 in taxes
No Social Security Safety Net	India has no universal pension or unemployment insurance for the private sector, making retirement planning almost entirely self-funded	Aim to build a retirement corpus worth at least 30× your annual expenses, and start investing from age 25 to maximise the power of compounding

How Axis Max Life ULIPs Align with Lifestyle-Based Financial Planning

Axis Max Life ULIP plans can help you to prioritise lifestyle-based financial planning by offering the dual benefits of life cover and investments in market-linked funds. Check out the various lifestyle-planning requirements below, along with how the ULIP plan addresses them:

Lifestyle Planning Need	ULIP Feature that Addresses It
Growing Life Cover with the Lifestyle	The Sum Assured is usually linked to the policyholder’s income level. In a ULIP, the death benefit is generally the higher of the Sum Assured or the Fund Value.
Investments that Shift with Life Stages	Free fund switching allows you to shift from equity funds for wealth creation to debt funds for capital protection at any stage of life, without triggering any tax liability.
Lifestyle Inflation Control	A mandatory 5-year lock-in period creates forced saving discipline by securing money for long-term goals before lifestyle expenses can consume it.
Income Variability in Bonus Months or Low Months	The top-up facility allows you to invest lump sums during high-income periods, while some plans also offer a premium holiday option during financially tight phases.
Tax-Efficient Wealth Accumulation	ULIPs may offer tax benefits if the applicable conditions are satisfied. Premium deductions under the old tax regime and maturity exemption are subject to limits, premium-to-sum-assured rules, aggregate premium thresholds, and other policy conditions.
Goal-Based Corpus Withdrawal	Partial withdrawals are allowed after the 5-year lock-in period, enabling you to withdraw funds for specific lifestyle goals without surrendering the policy completely.
Long-Term Lifestyle Alignment	ULIP fund returns are market-linked, product-specific, and not guaranteed. Any historical return should be taken only from the insurer’s latest fund fact sheet and should not be presented as an expected future return.

Lifestyle-based financial planning is a better option than traditional financial planning. It involves personalising financial plans to individual requirements across different life stages and financial goals. A holistic view of an individual’s long-term financial needs, tailored to their specific requirements, promotes greater financial satisfaction across the lifespan.

FAQs about Lifestyle-Based Financial Planning

What is lifestyle-based financial planning?

Lifestyle-based financial planning refers to a personalised approach to devising a plan that caters to your specific lifestyle goals. It starts with the type of life you want to live, your goals, spending habits, and life vision. After analysing these personalised factors, the lifestyle-based financial planning helps you build an investment, insurance, and savings plan to fulfil these targets.

How is lifestyle financial planning different from goal-based planning?

Goal-based planning focuses on achieving specific financial targets, such as building ₹1 crore by age 50. On the contrary, financial planning for your lifestyle goes a step further by starting with the kind of life you want, such as early retirement, regular travel, or a debt-free life, and then creating financial goals and investment plans around it.

What is personalised financial planning in India?

Personalised financial planning in India means creating a financial plan based on your own income, family responsibilities, city living costs, taxes, risk-taking capacity, and lifestyle goals, rather than relying on one-size-fits-all advice.

What is the 50-30-20 rule in financial planning?

The 50-30-20 rule means dividing your income into three parts: 50% for essential expenses like rent, EMIs, groceries, and insurance; 30% for lifestyle spending like travel, shopping, and dining out; and 20% for savings and investments.

In lifestyle-based financial planning, these percentages can change based on your goals and city. For example, people living in metro cities may spend 60% on essentials, while those aiming for early retirement may save 50% or more. The main goal is to protect your savings and investment portion, even if other expenses need to be adjusted.

What is lifestyle inflation, and how does it affect financial planning?

Lifestyle inflation happens when your spending increases every time your income grows. Even though your savings may rise in rupee terms, the percentage of income being saved often stays low while expenses grow much faster.

Over 20 years, someone saving only 10% of their income can end up with nearly three times less wealth than someone saving 30%, despite earning the same income. Lifestyle-based financial planning helps control this by prioritising and protecting investments before spending on lifestyle upgrades.

How do I start lifestyle-based financial planning in India?

You can start lifestyle-based financial planning in India by following the given steps:

Decide the kind of lifestyle you want at ages 35, 45, 55, and 65
Check your current financial situation, including income, expenses, savings, investments, and loans
Turn your lifestyle dreams into financial goals with timelines and inflation-adjusted costs
Buy term insurance and health insurance before starting investments
Pick investments that match your goals. For example, ULIPs for long-term goals and debt funds for medium-term needs
Update your financial plan whenever major life changes happen, not just once a year

Which investment is best for lifestyle-based financial planning?

For lifestyle-based financial planning, a ULIP (Unit Linked Insurance Plan) works well because it offers the dual benefits of life insurance and market-linked investments in one plan. As your lifestyle needs change, you can switch between equity and debt funds without tax liability. It also allows partial withdrawals after 5 years for important life goals, while the maturity amount is tax-free under Section 10(10D). Overall, it is a flexible product that can adapt to different stages of your life.

How much term insurance do I need for my lifestyle?

Your term insurance should be enough to help your family continue their current lifestyle, not just meet basic expenses. A simple way to estimate coverage is: 15-20 times your annual income + all outstanding loans + your children’s future education costs + your spouse’s retirement needs. In many cases, this amount is 30-50% higher than standard insurance calculators suggest because lifestyle-based planning focuses on maintaining your family’s quality of life, not just financial survival.

How does lifestyle planning differ for metro vs tier-2 city residents?

People living in metro cities like Mumbai, Bengaluru, and Delhi usually spend 60–80% more on housing and daily living than people in tier-2 cities like Pune, Jaipur, and Lucknow. As a result, metro residents often need to spend around 60% of their income on essentials, leaving less money for lifestyle expenses and savings. In contrast, people in tier-2 cities can often save 30% or more of their income while still enjoying a comfortable lifestyle, making goals like early retirement easier to achieve.

When should I review my lifestyle financial plan?

Review your lifestyle financial plan whenever there is a major life or money change, such as a 30% rise or fall in income, marriage, childbirth, divorce, a new home loan, or large EMI, changes in family responsibilities, receiving an inheritance, or a market fall of over 20%. Waiting for only an annual review may not be enough to keep your goals on track.

What is FIRE, and how does lifestyle financial planning help?

FIRE (Financial Independence, Retire Early) is a lifestyle approach in which people save and invest aggressively so they can retire 10-20 years earlier than the usual retirement age. Lifestyle financial planning helps achieve FIRE by estimating the total wealth needed (typically 25-30 times your yearly lifestyle expenses), deciding how much you need to save regularly, selecting suitable investment options like ULIPs, NPS, and ELSS, and planning how to use your savings efficiently over a long retirement period of 35-40 years.

How does the old vs new tax regime affect lifestyle financial planning?

Under the old tax regime, you can save up to ₹85,800 in taxes every year through deductions under 80C, 80D, and 80CCD(1B) if you invest in options like ULIP, health insurance, and NPS. The new tax regime offers lower tax rates but removes most deductions. For people already investing regularly and paying health insurance premiums, the old regime often works better because the tax savings can directly support long-term lifestyle and financial goals.

How does a ULIP support lifestyle-based financial planning?

ULIPs can support lifestyle planning in several ways:

Fund switching lets you move money from equity to debt as your life goals and risk appetite change, without tax impact.
The top-up facility allows you to invest extra income, like bonuses or sale proceeds, instantly.
Partial withdrawals after the 5-year lock-in can help fund major lifestyle goals.
Life cover helps protect your family’s lifestyle if you pass away unexpectedly.
Maturity proceeds may be tax-exempt only if the ULIP satisfies the applicable tax conditions. If the conditions are not met, proceeds may be taxable as capital gains.

What are the key components of lifestyle-based financial planning?

The key components of lifestyle-based financial planning are:

Defining your lifestyle vision includes deciding how you want to live in your 30s, 40s, 50s, and beyond.
Managing cash flow by using a 50-30-20 budget tailored to your city and life stage.
Building financial protection through term insurance, health insurance, and an emergency fund.
Choosing goal-based investments, such as ULIPs, NPS, and ELSS, for different life goals.
Saving tax efficiently by making use of deductions available under the old tax regime.
Review the plan regularly by updating it after major life events, not just once a year.

How does lifestyle financial planning help with retirement?

Lifestyle financial planning helps you build a retirement fund that supports the life you want after retirement, not just your basic needs. It considers your expected lifestyle expenses, such as travel, healthcare, hobbies, and leisure activities. It also accounts for rising medical costs, longer life expectancy, and the need for a regular income after retirement through options like annuity plans. The aim is to help you retire comfortably and continue living life on your own terms.

ARN: May26/Bg/15SN

Sources:

https://1finance.co.in/blog/why-lifestyle-based-financial-planning-matters/

https://www.pgimindia.com/moneyandme/financial-planning-persona2/articles/Integrating-your-financial-goals-into-your-lifestyle

https://www.homecredit.co.in/en/paise-ki-paathshala/detail/here-how-to-budget-to-achieve-your-dream-lifestyle

https://www.manguwealth.com/mangu-blog/the-five-benefits-of-lifestyle-financial-planning

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Age of Male Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Male Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1,675/Month Total Premium: 12.75 lakh	930/Month Total Premium: 7.08 lakh	1,674/Month Total Premium: 12.74 lakh	930/Month Total Premium: 7.08 lakh	2,511/Month Total Premium: 19.11 lakh	1,395/Month Total Premium: 10.62 lakh	3,069/Month Total Premium: 23.36 lakh	1,705/Month Total Premium: 12.98 lakh
25 Years (PPT: 60 years)	2,213/Month Total Premium: 15.09 lakh	1,229/Month Total Premium: 8.38 lakh	2,292/Month Total Premium: 15.62 lakh	1,273/Month Total Premium: 8.68 lakh	3,438/Month Total Premium: 23.44 lakh	1,910/Month Total Premium: 13.02 lakh	4,138/Month Total Premium: 28.21 lakh	2,299/Month Total Premium: 15.67 lakh
35 Years (PPT: 50 years)	3,528/Month Total Premium: 20.35 lakh	1,990/Month Total Premium: 11.31 lakh	4,007/Month Total Premium: 22.77 lakh	2,226/Month Total Premium: 12.65 lakh	6,011/Month Total Premium: 34.15 lakh	3,339/Month Total Premium: 18.97 lakh	6,821/Month Total Premium: 38.76 lakh	3,790/Month Total Premium: 21.12 lakh
45 Years (PPT: 40 years)	6,722/Month Total Premium: 30.56 lakh	3,734/Month Total Premium: 16.97 lakh	7,395/Month Total Premium: 33.61 lakh	4,108/Month Total Premium: 18.67 lakh	11,093/Month Total Premium: 50.42 lakh	6,163/Month Total Premium: 28.25 lakh	14,390/Month Total Premium: 65.41 lakh	7,994/Month Total Premium: 36.34 lakh
55 Years (PPT: 30 years)	13,121/Month Total Premium: 44.73 lakh	7,289/Month Total Premium: 24.85 lakh	15,303/Month Total Premium: 52.17 lakh	8,502/Month Total Premium: 28.98 lakh	22,955/Month Total Premium: 78.25 lakh	12,753/Month Total Premium: 43.47 lakh	30,006/Month Total Premium: 102.29 lakh	16,670/Month Total Premium: 56.83 lakh
60 Years (PPT: 25 years)	18,963/Month Total Premium: 53.87 lakh	10,535/Month Total Premium: 29.93 lakh	22,272/Month Total Premium: 63.27 lakh	12,373/Month Total Premium: 35.15 lakh	33,408/Month Total Premium: 94.91 lakh	18,560/Month Total Premium: 52.73 lakh	43,123/Month Total Premium: 122.51 lakh	23,957/Month Total Premium: 68.06 lakh

Age of Female Applicant	Premium Amount for Rs. 75 lakh Term Plan		Premium Amount for Rs. 1 crore Term Plan		Premium Amount for Rs. 1.5 crore Term Plan		Premium Amount for Rs. 2 crore Term Plan
Age of Female Applicant	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker	Smoker	Non-Smoker
18 Years (PPT: 67 years)	1,675/Month Total Premium payable: 12.75 lakh	930/Month Total Premium payable: 7.08 lakh	1,674/Month Total Premium payable: 12.74 lakh	930/Month Total Premium payable: 7.08 lakh	2,511/Month Total Premium payable: 19.11 lakh	1,395/Month Total Premium payable: 10.62 lakh	3,069/Month Total Premium payable: 23.36 lakh	1,705/Month Total Premium payable: 12.98 lakh
25 Years (PPT: 60 years)	1,922/Month Total Premium payable: 13.10 lakh	1,068/Month Total Premium payable: 7.28 lakh	1,946/Month Total Premium payable: 13.27 lakh	1,081/Month Total Premium payable: 7.37 lakh	2,919/Month Total Premium payable: 19.90 lakh	1,621/Month Total Premium payable: 11.05 lakh	3,410/Month Total Premium payable: 23.25 lakh	1,894/Month Total Premium payable: 12.91 lakh
35 Years (PPT: 50 years)	2,946/Month Total Premium payable: 16.74 lakh	1,637/Month Total Premium payable: 9.30 lakh	3,240/Month Total Premium payable: 18.41 lakh	1,800/Month Total Premium payable: 10.23 lakh	4,860/Month Total Premium payable: 27.61 lakh	2,700/Month Total Premium payable: 15.34 lakh	5,507/Month Total Premium payable: 31.29 lakh	3,059/Month Total Premium payable: 17.38 lakh
45 Years (PPT: 40 years)	5,396/Month Total Premium payable: 24.53 lakh	2,998/Month Total Premium payable: 13.63 lakh	5,645/Month Total Premium payable: 25.66 lakh	3,136/Month Total Premium payable: 14.25 lakh	8,468/Month Total Premium payable: 38.49 lakh	4,704/Month Total Premium payable: 21.38 lakh	10,893/Month Total Premium payable: 49.51 lakh	6,051/Month Total Premium payable: 27.51 lakh
55 Years (PPT: 30 years)	10,000/Month Total Premium payable: 34.09 lakh	5,555/Month Total Premium payable: 18.94 lakh	11,269/Month Total Premium payable: 38.42 lakh	6,261/Month Total Premium payable: 21.34 lakh	16,904/Month Total Premium payable: 57.63 lakh	9,391/Month Total Premium payable: 32.01 lakh	22,227/Month Total Premium payable: 75.77 lakh	12,348/Month Total Premium payable: 42.10 lakh
60 Years (PPT: 25 years)	14,195/Month Total Premium payable: 40.33 lakh	7,886/Month Total Premium payable: 22.40 lakh	16,538/Month Total Premium payable: 46.98 lakh	9,188/Month Total Premium payable: 26.10 lakh	24,808/Month Total Premium payable: 70.48 lakh	13,782/Month Total Premium payable: 39.15 lakh	32,049/Month Total Premium payable: 91.05 lakh	17,805/Month Total Premium payable: 50.58 lakh

Lifestyle Based Financial Planning