Financial Strength Score
Research suggests to have a health cover equal to 15 times your monthly income
Health Score provides a holistic view of one's financial profile. It analyzes 5 aspects: Income, Expenses, Savings, Debt & Insurance cover to arrive at a score.
Please consider your in-hand salary i.e. after all applicable tax deducted for filling in the income field on screen 1
The health score range is 0-500
Research suggests to have a term insurance cover with sum assured equal to 15 times your annual income
Temporarily yes, but not on an ongoing basis unless you have supplemental income that you haven't counted in as income.
Please do not include any type of EMI as part of the Monthly spends field in screen 1. Include EMIs for all types of credits availed in response to the EMI question in screen 2
Research suggests to have 6 times your monthly spending in an emergency fund to take care of any contingencies
Yes, all required details are to be properly entered to get the correct score.
Yes, you may retake the assessment after the score is generated