Hello Guys, I am a newbie to the forum and I really need your help. I will start with some background info

I am investing 5Lacs a year in a Moneyback policy from Reliance Life Insurance which is promising me returns of 3.75 lacs in the 11th, 12th, 13th, 14th and around 20 Lacs in the 15th year.

Q- Should I keep continuing this policy? It has a minimum period of 3 years before it will acquire paid up value. They are also giving me a sum assure of 25 Lacs

Secondly I have some LIC policies of around 20k, 30K per year going into it which will give me returns.

I have health insurance from reliance and a term insurance of 50 Lacs from Religare.

I began my PPF account last year and I am looking to deposit 1 Lac a year in it to get the full interest of the same.

I have a 15 year old flat valued at 15 lacs and a new flat which I just purchased at 32 Lacs ( All paid up. )

I dont have any debt.

I am looking to buy a car this year worth 8 lacs or so

Now the reason I mentioned all these things is How do I plan for retirement how much will I need 20 years from now?  Also I am planning to buy one more house for future investments worth 40 lacs? Is Real estate the best way to invest? or should I try something else. 

I am 25 years old right now. Please guide me . What is the best place to invest and I am also in the 30% tax bracket.

Iyer Ashwini