POSTED BY February 5, 2015 6:20 pm COMMENTS (3)ON
Myself 39yr/M ,salary thirty thousand / month (part time), wife 35 yr stipened thirty thousand/month (persuing degree course), daughter 3.5 yr.
I have following loan & investments.
Home loan SBI—15.6 lac,EMI-16500 rs,Tenure 15 yr,date of commencement (DOC)-AUG 2010.
I also have plot 800 sq m area which i bought at time of child birth ( cost 5.5 lac)—for daughter marriage. (loan free)
I have ankylosing spondylitis ( pre existing disease which i have mentioned in all insurances)
LIC Bima kiran plan 111-sum assured (SA)-3.0 lac,premium qtrly 716 rs,DOC-mar 1999.
LIC Jeevan sathi plan 89 (SA)-1.0 lac,premium yrly 7554 rs,DOC-dec 2006. .
SBI Life insurance shield plan A level cover (SA)-10.0 lac,premium yrly 4610 rs,DOC-may 2009.
Aegon religare I term plan (SA)-75.0 lac,premium yrly 10175 rs,DOC-mar 2012.
Critical illness plan from max bupa —10.0 lac ,will increase it upto 25 lac within six month.
Critical illness plan for wife from max bupa and aviva—10.0 lac + 15 Lac—Total 25 lac
Oriental health insurance Happy family floater silver plan Sum insured-3.5 lac,premium yrly 5600 rs,DOC-June 2009.
United india insurance super top up family floater plan Sum insured-7.0 lac,premium yrly 6517 rs,DOC-may 2012.
Monthly SIP 1000- HDFC Top 200- growth option-started in march 2012. No contingency fund at present. Monthly expenses 15000-20000 rs.
FD–2.0 lac in name of wife.
PPF– Me and my wife have opened PPF account this yr
WILL– Made 4 month back.
From july 15 i will be full timer and will get salary 80000 pm,however my monthly expenses will also increase upto 15000 rs (ie.app 30 to 35 thousand).Wife salary will remain same for one more yr (ie for one yr our combined monthly salary will be around 1.1 lac )then she will get atleast 50000 pm.