Hi Manish/ Anshal,
I Would like to seek experts guidance for my query.
I am 31 years old and married with a kid of 4 years and my Parents are with me, my father is not dependent on me and my mother and wife is house wife.
My Monthly Income = 22000
My Monthly Expenditure = 22000
My EMI on 40Lacs Loan (Started in June 2013) = 40000
Current Policies available with me as below
|
LIC POLICIES |
Yearly Premium |
Start Date |
Maturity Term |
|
LIC-Jeevan Anand Sum Assured -200000 |
10369 |
28-Dec-2007 |
75 |
|
LIC – Jeevan Saral Sum Assrd- 375000 |
18015 |
28-Dec-2007 |
25 |
|
LIC – Jeevan Sathi Sum Assrd – 200000 |
8565 |
24-Dec-2009 |
21 |
|
Term Policies |
|
|
|
|
HDFC -Click2Protect- Sum Assured 5500000 |
7169 |
|
|
|
Aegon Religare-ITermPlan- Sum Assured 5300000 |
7147 |
|
|
|
SBI – Swadhan Sum Assured 50000 |
562 |
02-Jul-2012 |
|
|
OThers |
|
|
|
|
PPF (Yearly) |
1000 |
|
|
|
PF (by Company) |
45000 |
|
|
Health Insurance
|
Policy Name |
Policy Type |
Annual Premium |
Sum Assured |
Start Date |
Covers |
|
National Insurance |
Company Provided |
0 |
250000 |
25-Aug-12 |
Myself, Wife & Kid |
|
Oriental |
Family Floater |
19320 |
700000 |
14-Nov-11 |
Covers my family and my parents |
Current Fixed Deposits
|
Details |
Start Date |
Amount Invested |
Maturity Date |
Maturity Amount |
|
Bank FD |
14-Dec-11 |
20000 |
14-12-16 |
22725 |
Loan
|
Loan Type |
Start Date |
Loan Period (Yrs) |
EMI per month |
Outstanding Loan |
|
Home Loan |
10.06.2013 |
20 |
40000 |
3950000 |
Other Savings
|
Name |
Maturity Date (If applicable) |
Current Worth |
Rate of Int Earned |
|
Cash in Savings Bank |
|
60,000 |
3% |
|
Loan given to someone |
|
400,000 |
11% |
|
Infrastructure Bonds |
12-12-16 |
20,000 |
9% |
|
Gold/Silver |
Not specially bought for investment so far |
|
|
Goals
|
Goal |
Target Year |
Amount Required |
My Priority |
|
|
(Todays Value) |
||||
|
Child Education |
2032 |
500000 |
1 |
|
|
Daughter Marriage |
2032 |
2000000 |
2 |
|
|
Retirement Fund |
2042 |
3000000 |
3 |
Please guide me in achieving my goals.
Regards,
Sandeep