Techniques for monitoring the health of a three-phase induction motor are provided. An expected threshold value is calculated as a function of an expected ratio of current unbalance to voltage unbalance for the three-phase motor. Embodiments determine whether a measured current unbalance exceeds the expected threshold value. Responsive to the measured current unbalance exceeding the expected threshold value, a remedial action may be taken, such as generating diagnostic information or activating one or more protection operations for the three-phase induction motor.