Welcome to Financial Report Card

Do you have a Term Insurance?

Is the sum assured amount 10X or more of your current annual income?

Do you have a comprehensive health insurance policy?

If you are employed, do you have a separate individual cover other than what your company provides?

Do your family members (Spouse, Children, Parents, Siblings, etc.) have adequate health insurance?

Are you currently invested in any traditional insurance policies such as Money Back, Endowment, Whole Life Insurance, etc., offered by major insurance companies like LIC, HDFC Life, or others?

Are you aware that the returns from such policies typically do not exceed 6% in 95% of cases, resulting in nearly negative real returns as they often fail to outpace the inflation rate in our country?

Do you have a surplus fund to cover your expenses in case of an Emergency, including all EMIs?

Do you engage in budgeting, effectively managing your finances by meticulously planning both income and expenses?

Do you invest at least 25% of your income?

If age 30 and above, have you started planning for your retirement? If under 30, have you started investing?

If age 30 and above: Are you aware of the inflation-adjusted amount required for your retirement ? OR If under 30: Have you started saving systematically in Equity markets using a Systematic Investment Plan?

Are you aware of tools like Step-Up SIP’s, Portfolio rebalancing, Debt Management, Recession Investing etc., which can increase your investment returns?

Are you aware of the difference between Trading and Investing in the Equity Markets (Stock Market)?

Are you aware that approximately 95% of individuals trading in capital markets using any broker application incur losses over the long term?

Do you trade in equity / capital / commodity markets?

Has your trading activity in the past one year resulted in losses?

Have you analyzed to determine whether the New Tax Regime or the Old Tax Regime is more advantageous for you?

Have you ever engaged in salary restructuring aimed at optimizing your tax structure and potentially saving you money?