INCOME TAX20 Sept 2026
How is your financial health? Answer a few simple questions to find out where you stand in investment, insurance, loans | Mint
A regular salary alone does not mean your finances are healthy. SEBI, the market regulator, has a Financial Health Check quiz that reviews your insurance, savings, debt and retirement habits, and suggests fixes. It asks about dependents, life cover, health cover, emergency funds and card dues. Take it honestly, then act on the weak spots it flags.
Key Statutory Highlights
- SEBI's Financial Health Check quiz suggests life insurance cover of 15 to 20 times your annual income, naming your dependents as nominees.
- For health cover, the quiz suggests a minimum of ₹5 lakh or half your annual income, whichever is higher, even if your employer already insures you.
- The quiz warns that credit card dues can carry an annual interest rate of around 40%, though actual charges depend on your card's terms.
Actionable Advice for Taxpayers / Founders:Take SEBI's Financial Health Check quiz and answer honestly, then review any gaps it flags with a qualified adviser before changing your cover, savings or loan repayments.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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