Comments on: Features of an excellent portfolio http://www.jagoinvestor.com/2008/10/pillars-of-success.html Financial Planning , Insurance , Mutual Funds , Investments Fri, 10 Feb 2012 15:50:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Manish Chauhanhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30628 Manish Chauhan Mon, 19 Dec 2011 11:36:41 +0000 http://www.jagoinvestor.com/?p=60#comment-30628 Sunny You have options like Aviva iLife , Kotak e-preffered and LIC Jeevan Amulya .. choose your Sum Assured , not the premium .. if the premium is above 20k , even then go for it .. you are in this world to make your financial life complete , not save tax . If premium is less than 20k , then put rest of the money in ELSS fund like HDFC taxsaver Manish Sunny

You have options like Aviva iLife , Kotak e-preffered and LIC Jeevan Amulya .. choose your Sum Assured , not the premium .. if the premium is above 20k , even then go for it .. you are in this world to make your financial life complete , not save tax .

If premium is less than 20k , then put rest of the money in ELSS fund like HDFC taxsaver

Manish

]]> By: Sunnyhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30626 Sunny Mon, 19 Dec 2011 11:21:46 +0000 http://www.jagoinvestor.com/?p=60#comment-30626 Thanks you manish, Can you if dont mind quote some term plan policies which you are aware of anf from which organization would it be good? also manish i need to show an investement for 20k to compute my tax so in that case i need tio go for a premium of 20k or would you advice? Thanks you manish,
Can you if dont mind quote some term plan policies which you are aware of anf from which organization would it be good?

also manish i need to show an investement for 20k to compute my tax so in that case i need tio go for a premium of 20k or would you advice?

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30621 Manish Chauhan Mon, 19 Dec 2011 11:03:53 +0000 http://www.jagoinvestor.com/?p=60#comment-30621 Sunny For you the premiums will be very less like 5-6k for a 50 lacs cover and 8-9k for 1 crore cover .. thats annually .. So dont think abotu the worst cases for so les amount . Also there is no compulsion of paying the premiums till end , if you cant pay somehow , then the policy terminates Manish Sunny

For you the premiums will be very less like 5-6k for a 50 lacs cover and 8-9k for 1 crore cover .. thats annually .. So dont think abotu the worst cases for so les amount . Also there is no compulsion of paying the premiums till end , if you cant pay somehow , then the policy terminates

Manish

]]> By: Sunnyhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30604 Sunny Mon, 19 Dec 2011 08:56:47 +0000 http://www.jagoinvestor.com/?p=60#comment-30604 Thanks Manish, Upto how many years plan is recommended and if so which one i could go for that u suggest? Do i really need to take a term plan considering my sal around 26k? Or will this decision of not going for any plan just to save some tax will be a wise one? Manish, I always have this feeling before going for a policy. I am still 26 and working for an IT company. I go for a policy upto 25yrs and have to pay the premium till the maturity period lets say 20k per annum. What if one day recession hits and all of a sudden i loose my job, wish nothing of that sort happenes, but still thinking on both sides..if i losse job will i be in a position to pay the premium till maturity period..all these thaughts make me hesitant to go for a one policy,... whts your thoughts on here and what do you recommend me? Thanks Manish,
Upto how many years plan is recommended and if so which one i could go for that u suggest? Do i really need to take a term plan considering my sal around 26k? Or will this decision of not going for any plan just to save some tax will be a wise one?

Manish,
I always have this feeling before going for a policy. I am still 26 and working for an IT company. I go for a policy upto 25yrs and have to pay the premium till the maturity period lets say 20k per annum. What if one day recession hits and all of a sudden i loose my job, wish nothing of that sort happenes, but still thinking on both sides..if i losse job will i be in a position to pay the premium till maturity period..all these thaughts make me hesitant to go for a one policy,… whts your thoughts on here and what do you recommend me?

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30567 Manish Chauhan Mon, 19 Dec 2011 05:53:06 +0000 http://www.jagoinvestor.com/?p=60#comment-30567 Sunny The first thing is what you have declared is not a mandatory thing to invest in , So you can invest this 20k in any tax saving thing and not INsurance .. teh declaration is onyl for the purpose of computation of income tax and its not mandatory to follow the same thing you declared . So you can invest this 20k in any way in any tax saving thing . I would recommeend taking a term plan nad paying the premium for that .. whatever remains , you can invest in ELSS fund Manish Sunny

The first thing is what you have declared is not a mandatory thing to invest in , So you can invest this 20k in any tax saving thing and not INsurance .. teh declaration is onyl for the purpose of computation of income tax and its not mandatory to follow the same thing you declared . So you can invest this 20k in any way in any tax saving thing .

I would recommeend taking a term plan nad paying the premium for that .. whatever remains , you can invest in ELSS fund

Manish

]]> By: Aparna CKhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30553 Aparna CK Mon, 19 Dec 2011 04:58:59 +0000 http://www.jagoinvestor.com/?p=60#comment-30553 Hi Sunny, Answer to your question is already in the insurance related blogs and the one below. http://www.jagoinvestor.com/2009/11/do-not-invest-just-for-tax-saving.html Regards Aparna Hi Sunny,

Answer to your question is already in the insurance related blogs and the one below.
http://www.jagoinvestor.com/2009/11/do-not-invest-just-for-tax-saving.html

Regards
Aparna

]]> By: Sunnyhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-30552 Sunny Mon, 19 Dec 2011 04:51:40 +0000 http://www.jagoinvestor.com/?p=60#comment-30552 Hello Manish, Your blog on the investment and tax looks simply superb. I have no words to describe.Now having said that i need an expert advice from you:) Manish, I earn a monthly income of 25000 per month working in a software company and just 26yrs young chap and married too. Initially for tax saving purpose i had declared an amount of 20000 as life insurance. Now before this Jan 5th 2012 i need to submit the proofs of investements made. I havent taken the life insurance stil;l for that 20000. Shoul i go for it? or just loose the tax benefit as you said just to save tax and taking an LIC policy for 20000 Jeevan sathi? Loosing tax means it would be 10% of 20000 which is around 2000bucks and they take the money in 3 installments which is around 700bucks.. Will this be ok? Hello Manish,
Your blog on the investment and tax looks simply superb. I have no words to describe.Now having said that i need an expert advice from you:)

Manish,
I earn a monthly income of 25000 per month working in a software company and just 26yrs young chap and married too. Initially for tax saving purpose i had declared an amount of 20000 as life insurance. Now before this Jan 5th 2012 i need to submit the proofs of investements made. I havent taken the life insurance stil;l for that 20000. Shoul i go for it? or just loose the tax benefit as you said just to save tax and taking an LIC policy for 20000 Jeevan sathi?
Loosing tax means it would be 10% of 20000 which is around 2000bucks and they take the money in 3 installments which is around 700bucks.. Will this be ok?

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-29627 Manish Chauhan Tue, 29 Nov 2011 11:18:04 +0000 http://www.jagoinvestor.com/?p=60#comment-29627 Munmi Yea ,., you can keep your SIP for 1 yr and then restart it again later .. Also the term insuranec can be taken from any company like Aviva, Kotak Manish Munmi

Yea ,., you can keep your SIP for 1 yr and then restart it again later .. Also the term insuranec can be taken from any company like Aviva, Kotak

Manish

]]> By: munmihttp://www.jagoinvestor.com/2008/10/pillars-of-success.html#comment-29479 munmi Fri, 25 Nov 2011 11:55:15 +0000 http://www.jagoinvestor.com/?p=60#comment-29479 Hi Manish It has been just 2-3 month and I am almost glued to this blog site. It is so easy to understand and therefore effective. Earlier to this I was never satisfied with the logic given by different financial person and therefore was always a safer investor.But, I also realized that to get something we need to take risk a littlebit with understanding. However, recently I have incresed my SIP (3-4) of total 10K, planning to take a term insurance (earlier never convinced) and recently opened a PPF , invested in share (Gold) & purchased some physical gold & Silver though very less in Qty. Thanks a lot to you & your other team partners.I salute to your patience for explanning the queries from A to Z of simple peple who are not from Finance background. Just one question, is it ok if all my SIPs are for 1 year and I renew it for next year. this is basically for liquidity and to study the performance. My main aim is for 15 years minimum. Also let me know which term insurance is best ? (femal 30Y ,married,with 1 kid). Hi Manish
It has been just 2-3 month and I am almost glued to this blog site. It is so easy to understand and therefore effective. Earlier to this I was never satisfied with the logic given by different financial person and therefore was always a safer investor.But, I also realized that to get something we need to take risk a littlebit with understanding.

However, recently I have incresed my SIP (3-4) of total 10K, planning to take a term insurance (earlier never convinced) and recently opened a PPF , invested in share (Gold) & purchased some physical gold & Silver though very less in Qty.

Thanks a lot to you & your other team partners.I salute to your patience for explanning the queries from A to Z of simple peple who are not from Finance background.

Just one question, is it ok if all my SIPs are for 1 year and I renew it for next year. this is basically for liquidity and to study the performance. My main aim is for 15 years minimum.
Also let me know which term insurance is best ? (femal 30Y ,married,with 1 kid).

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