Not whether you have enough — whether the people you leave it to could locate it, claim it, and keep the household running while they tried.
Five questions, scored the same way the workbook does
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Download the workbookMost people believe that naming a nominee decides who gets the money. In most cases it does not. A nominee generally receives the asset as a trustee — holding it for whoever is legally entitled to inherit it, which is decided by your will, or by succession law if you never wrote one.
So a nominee and a legal heir can be two different people. When they are, families end up in court over money that was meant to make their lives easier.
That is the most common version, and it is almost never deliberate. It happens because nobody writes the nominee and the intended heir down next to each other. The workbook makes you do exactly that, on every account, then tells you where the two disagree.
On the day it matters, two things change at once. A life policy stops being worth its surrender value and becomes worth its sum assured. An insured loan stops being a debt and becomes nothing.
The workbook shows both. In its worked example, net worth today is ₹1.8 lakh and what the family would actually receive is ₹38.1 lakh — same file, same inputs. The gap runs both ways: some people are better covered than they assumed, others find their cover was set before a loan they have since taken.
