Income & Protection
Term and health insurance numbers — enter 0 if you don't have a policy.
Safety Net & Investments
Your emergency fund, monthly SIP, and how it's spread across asset classes.
| Category | Current | Recommended | Gap |
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What this checkup actually measures
Most "financial health" checklists ask you to self-rate your own insurance or savings, which tends to be optimistic. This tool instead takes the actual numbers you enter — your income, cover amounts, emergency fund, SIP, allocation and goal — and runs them against standard financial-planning benchmarks used across India, so the score reflects your real position rather than a guess.
How the score is built
- Term insurance (20 pts): full marks if your cover is at least 10× your annual income.
- Health insurance (20 pts): full marks at ₹5L+ cover per family member you've listed.
- Emergency fund (20 pts): scaled by how many months of expenses it covers, capped at 6 months.
- Asset allocation (15 pts): compares your equity % against the "100 minus your age" benchmark and checks your percentages actually total 100%.
- Goal funding (25 pts): projects your current SIP forward at 12%/year and compares it to your target corpus and timeline.
Why these benchmarks specifically
The 10× income rule for term insurance and the per-member health cover figures are widely used starting points among Indian fee-only financial planners — they're not perfect for every situation (a single income household with young children typically needs more, for instance), but they give a reliable directional signal of whether you're under-protected. The "100 minus age" equity rule is a classic, simple heuristic — your actual ideal allocation also depends on your risk appetite and how soon you need the money.
Frequently asked questions
A common starting rule is at least 10-15 times your annual income, so the payout can realistically replace your income for your family for a decade or more, accounting for inflation and existing liabilities like a home loan.
Generally at least ₹5-10 lakh per family member in metro cities, and ₹3-5 lakh per person in smaller towns, often supplemented with an affordable super top-up plan for extra protection.
A common starting heuristic is to keep equity allocation around 100 minus your age as a percentage, with the rest spread across debt, gold and other assets — then adjust for your personal risk tolerance and goals.