The magnitude of COVID 19 impact on humanity is unlike any other global crisis or phenomenon experienced in the recent past. The socio-economic impact is expected to have deep consequences beyond just the spread of the disease. Tightening of the economy, grinding halt to commercial activities, supply chain disruptions and shift in consumer buying behaviour are some of the immediate offshoots from the global pandemic. Add to this the job losses and unforeseen medical expenses can put a dent into an individual’s financial portfolio.