Financial Planning Checklists | Resources | PlanUrDream

🛡️ Insurance 📊 Investments 🏖️ Retirement 🧾 Tax 🎯 Planning 💳 Banking

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Insurance

Insurance Review Checklist

A complete review of your insurance portfolio — life, health, motor, and general. Use this annually or after a major life event.

Do I have term insurance with cover ≥ 10× annual income?

Is my health insurance sum insured adequate (₹10L+ individual)?

Have I added my spouse and children to the health floater?

Is my critical illness or accident rider active?

Are all my policy nominee details current?

Have I checked my insurer's claim settlement ratio (>95%)?

Is my motor insurance third-party + comprehensive?

Do I have a home insurance policy for fire/flood protection?

Are my premium auto-debit mandates active to avoid lapse?

Have I stored all policy documents digitally (DigiLocker)?

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Investments

Investment Portfolio Audit

Review your investment portfolio annually to ensure it's aligned to your goals, risk profile, and time horizon.

Is my asset allocation (equity/debt/gold) aligned to my risk profile?

Are all my SIPs mapped to specific financial goals?

Have I reviewed fund performance vs benchmark over 3 and 5 years?

Are there any underperforming funds I should replace?

Do I have too many funds? (Ideal: 4–6 well-diversified funds)

Have I rebalanced my portfolio in the last 12 months?

Are my direct plan investments in regular plans by mistake?

Do I have exposure to international/US markets for diversification?

Is my emergency fund separate from my investment portfolio?

Have I updated KYC and nominee for all folios?

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Retirement

Retirement Readiness Checklist

Are you on track to retire comfortably? Use this checklist to identify gaps and course-correct early.

Have I calculated my retirement corpus target (25–30× annual expenses)?

Am I contributing to NPS, PPF, or EPF consistently?

Is my equity allocation high enough for long-term growth (if age < 50)?

Have I accounted for healthcare inflation (12–15% p.a.) in my plan?

Do I have a separate health insurance policy (not employer-dependent)?

Have I planned for a withdrawal strategy (SWP) post-retirement?

Is my retirement fund free from early withdrawal temptations?

Have I made a Will and updated estate planning documents?

Do I have a passive income stream (rental, dividends, annuity) planned?

Have I discussed retirement plans with my spouse/family?

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Tax

Annual Tax Planning Checklist

Don't scramble in March. Use this checklist throughout the year to optimise your tax liability legally.

Have I exhausted my ₹1.5L Section 80C limit (ELSS, PPF, LIC, EPF)?

Have I invested ₹50K in NPS for additional 80CCD(1B) deduction?

Have I paid health insurance premiums to claim 80D (₹25K self + ₹50K parents)?

Are home loan interest and principal deductions claimed (24b + 80C)?

Have I submitted HRA declaration and rent receipts to employer?

Is my Form 26AS and AIS reconciled with actual income?

Have I harvested long-term capital gains (LTCG) up to ₹1.25L tax-free?

Are any tax-saving FDs (5-year) maturing this year?

Have I paid advance tax if my tax liability exceeds ₹10,000?

Is my ITR filed on time (before 31 July) to avoid penalties?

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Planning

Financial Goals Checklist

A structured checklist to ensure every major financial goal has a dedicated plan, investment, and timeline.

Have I listed all my financial goals with target amounts and dates?

Does each goal have a dedicated SIP or investment mapped to it?

Is my emergency fund (3–6 months expenses) fully funded?

Do I have a separate education fund for each child's goal?

Is my home purchase goal funded with a down payment target?

Have I planned for wedding expenses (self or children) 5–10 years ahead?

Is my vacation fund separate from my long-term investments?

Are short-term goals (< 3 years) in debt/liquid funds, not equity?

Do I review goal progress annually and adjust SIP amounts?

Have I stress-tested my plan for a 20–30% market fall scenario?

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Banking

Debt & Credit Health Checklist

Review your debt situation and credit profile to ensure you're not over-leveraged and your credit score stays healthy.

Is my total EMI burden below 40% of net monthly income?

Have I checked my CIBIL score recently (free at CIBIL website)?

Am I paying all EMIs and credit card bills on time, every month?

Is my credit card utilisation below 30% of the credit limit?

Have I avoided multiple loan applications in a short period?

Are there any errors in my credit report? (File dispute if yes)

Do I have a plan to prepay high-interest debt first (credit cards, personal loans)?

Have I avoided co-signing loans unless absolutely necessary?

Is my home loan interest rate competitive? (Consider balance transfer if not)

Do I have a debt-free target date for each outstanding loan?

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Need help actioning these checklists?

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