Money health check
Five foundations, five straight verdicts, and exactly one thing to fix next. No jargon, no sign-up, and nothing you enter leaves your browser.
The base is solid. Your one next upgrade: health insurance.
Emergency fundCovered for 6.7 months
You can reach ₹4,00,000 quickly, which covers about 6.7 months of your full outgo (expenses plus EMIs, which don't stop in a job loss). A rough patch should never force you to sell investments or borrow.
What to do: Nothing to do. Keep this money boring: bank, FDs, or liquid funds.
Health insuranceSome cover, but thinfix this first
Your personal cover of ₹5,00,000 is a good start, but serious treatment in a private hospital can exceed it.
What to do: Top up to at least ₹10 lakh, or add a super top-up policy, which is a cheap way to extend cover.
Life insuranceCover is about 72% of what's needed
This uses the needs-based method independent Indian planners use, not an income multiple: a corpus to fund your household expenses for 25 years (inflation-adjusted), clear outstanding loans, and meet the one-time goals you set (education, marriage), minus what you have already saved. For your numbers that is roughly ₹1,39,68,155; your term cover is ₹1,00,00,000. As your savings grow, the cover you need shrinks.
What to do: Get plain term cover of about ₹1,39,68,155. It is cheaper than most people expect, and buying while young and healthy locks in low premiums.
Debt loadDebt free
You have no EMIs. Your income is fully yours to direct.
What to do: Nothing to do. Keep new EMIs off unless they build an asset.
Savings rateYou can invest 60% of income
After expenses and EMIs, ₹90,000 a month is free to invest. Your savings rate, more than your returns, decides how early work becomes optional.
What to do: Strong. Automate it into investments on salary day so lifestyle creep cannot eat it.
Educational check, not financial advice. The thresholds are conventional planning guidelines (6-month emergency fund, 10x term cover, EMIs under 40% of income). Your situation may warrant different numbers.
Why these five checks?
Most people jump straight to "which fund should I buy?" and skip the foundations that decide whether any of it survives contact with real life. A job loss with no emergency fund, a hospitalisation with no cover, or a credit-card balance quietly compounding at 40% will undo years of good investing.
These five checks are sequential, which is why this tool names exactly one thing to fix next instead of scoring you on everything at once. Clear the expensive debt, build the cushion, cover the catastrophic risks, and then let your savings rate do the slow, boring work of making you free.
Once all five are green, the interesting question changes from "am I safe?" to "when does work become optional?" That one is answered by our retirement planner, which shows your freedom number and what enjoying life along the way actually costs.
Common questions
How much emergency fund should I keep in India?+
A good bar is 6 months of your full monthly outgo, which means expenses plus EMIs, since loan payments do not stop when income does. Keep it in money you can reach quickly: bank accounts, fixed deposits, or liquid funds. If you are the only earner and people depend on your income, aim for 9 months. Below 3 months, treat building it as your top financial priority.
How much term insurance do I need?+
This tool uses expense-anchored needs analysis, the method India's independent fee-only planners use: a corpus that can fund your household expenses for the years your family needs support (inflation-adjusted, roughly 18 to 26 times annual expenses depending on the horizon, about 22x at the default 25 years), plus clearing outstanding loans and one-time goals like education or marriage, minus what you have already saved. Insurer calculators use Human Life Value, which is based on your income and grows with every raise, so they typically suggest much larger covers. Anchoring to expenses caps the number honestly, and as your wealth grows the cover you need shrinks toward zero. If nobody depends on your income, you likely do not need term insurance at all.
Is employer health insurance enough?+
No. Employer cover ends the day the job does, which is often exactly when you cannot buy a new policy: between jobs, or after an illness makes you hard to insure. Hold a personal policy of at least ₹10 lakh independent of your employer.
What percentage of income should go to EMIs?+
Keep total EMIs under 20% of take-home income to stay comfortable. If your only EMI is a home loan, up to 30% is workable since it builds an asset. Above 40% you are overextended by most banks' own lending standards. A revolving credit-card balance is a red flag at any level, since it typically costs 36 to 42% a year.
What is a good savings rate?+
Investing 25% or more of your take-home income is a strong position and is what makes early financial freedom possible. Between 10 and 25% is workable but slow. Below 10%, fix the cash flow before worrying about which funds to pick.
Is my financial data private?+
Completely. Every check runs in your browser. There is no sign-up, and nothing you enter is sent to a server or stored anywhere.