Hi, I am 31 year old an IT professional. I have done some investment for my family… I am giving below some information. Please suggest me if I am in a correct way: My Monthly Intake – 87000/Month Company PF – 110000/Year LIC Jeevan Anand – 36050/Year LIC Jeevan Saral – 15500/Year SIP : Birla Sun Life – 2000/Month DSP Blackrock – 3000/Month ICICI Pru – 3000/Month. Loan EMI – 20000/Month for next 20 Year. I have two Kids (2 month and 3 year old).
I am planning to have 40 Lakh in next 17-18 Year for my kid’s education and approximate 1 Cr in next 25 Year for my retirement. I am confused about Child Education Plan, RD, Term Insurance and Medical Insurance. I need your suggestion to help me to plan accordingly. Thanks Rakesh