Dear sir
I am 39 years old and a school teacher. My Salary is Rs 30000/- per month. I need your help for my financial planning. My present financial planning is as follows-
Jeevan Saral LIC Policy- 10 Lakhs Prem 48K per year since Feb 2010
Jeevan Anand 1.10 Lakhs 6065/- per year since Dec 2012
Money Back Policy 2.0 Lkhs 15000 per year
HDFC top 200 4000/- pm since 2011
hdfc gold 2000/-pm since 2012
idfc premier equty 2000 /- pm since 2011
EPF 7000/- per month
ppf 1000/- pm
My Goals
After 7 years 10 L for Education of daughter1
After 9 years 12 L for Education of daughter2
after 12 years 20 L for marriage of daughter1
after 15 years 25 lacs marriage of daughter2
after 21 years 2 crore retirement
after 5 years 25 L for housing
Please help me for my this goal.Also tell me good online term plan, family floater or goof mediclaim policy for me, my wife and two daughters
Yours
Bajrang lal sharma
Raipur
Dear Bajrang, please contact medimanage people for your health policy needs.
Thanks
Ashal
Dear Bajrang, please purchase a family floater policy of around 7L Rs. at least. Please do note prem. paid by you for your family floater policy is available for tax benefit under section 80D up to 15000 Rs.
Thanks
Ashal
Dear Ashalanshu
Thnaks for your advise. Please tell me the name of a good family floater policy or individual policy available online.
thanks
Bajrang
Dear Bajrang, first of all purchase a term plan of at least 50L Rs. More is better. Also start preparing an emergency fund of at least 3L Rs. for your family if not having already. These LIc policies can not provide a healthy retirement corpus as returns are negative due to impact of inflation. Even a simple product like PPF is better.
Please surrender all these policies and invest your money in pure investment product like PF, PPF, FDs and MFs.
Thanks
Ashal
Dear Bajrang, where do uyour existing policies find a place in financial planning? I mean how much %age goal amount and for which goal you are planning from these policies?
thanks
Ashal
Dear sir
I have taken the LIc policy for a part my retirement p;anning at the time when I was not so awared about correct financial planning, please tell me should I continu with them or stop it?e