I am 33 yr software engineer in a private company with monthly take-home of 75k. Dependent members are my wife, 4 yr son, mother with plan of one more child in next 2 yrs. Currently we are staying in ancient house. No other liabilities. Monthly Expenses - 30k Current position are as follows : Saving Account - 5L FD Account - 1L PPF Account - 2.5L since 2010 as Tax Shield Driver LIC 1 - New Bima Gold - 18k annum - 2007-2037(20y)+ 10 yr Extension, Cost- 3.6L, SI - 5L, Accident Cover - 5 L LIC 2 - Jeevan Anand - 12.5 annum - 2007-2032(25y), Cost- 3.1L, SI - 3L, Accident Cover - 3L LIC 3 - Profit Plus - 10k annum - 2008-28(20y), Cost 50k(5 yrs), SI - 1L Past Experience: Bajaj - Capital Unit Gain - premium 15k*3 since 2007, return after 5 yrs - 30k , loss 15k - Surrendered SBI Magnum Tax Gain - SIP of Rs 2k monthly, period 5 Yrs, return 6% - Stopped Share - GTL Ltd - 200 @150, Current Price - 30 - hold Goals : Adequate life and medical cover, Home in next 4 year, Children Education, Children Marriage, Retirement Questions :
Please council me on my bad experience and suggest the right portfolio with respect to insurance, medical cover and investments to cover short and long term goals. Thanks and Regards asked Aug 21 '12 at 19:35 by moobo 1●3●5●9 |
I advise you to read following pages first and then comeback with specific questions: answered Aug 22 '12 at 09:54 by Pankaj Batra 5.2k●3●20 |