Hi,
This is Srinivas. I am 41 yers old, married and have 6 year old kid. I am covered individually for 1 lac by employer and do not have health insurance or term insurance. Please find below my investments and help me re-organizing my investments. Let me know in case I need to furnish any details. Many many thanks in advance.
LIC:
| Plan Name: | DateOFCommencement | PremiumAmount | SumAssured | PolicyTerm |
| Jeevan Sanchay – 20 Yrs (T.No.125) | 15-02-2002 | 12,505.00 (Yearly) | 1,75,000.00 | 20 years |
| Jeevan Sanchay – 20 Yrs (T.No.125) | 28-01-2002 | 7,146.00 (Yearly) | 1,00,000.00 | 20 years |
| Jeevan Saral(T.No.165) | 22-01-2010 | 2,042.00 (Monhly) | 5,00,000.00 | 21 years |
| Jeevan Saral(T.No.165) | 27-09-2010 | 24,016.00 (Yearly) | 5,00,000.00 | 15 years |
ICICI Prulife:
| Plan Name: | Issue Date | Term | PremiumAmount | FreqPay | SumAssured | Status |
| Life Stage Assure Pension | 14-07-2009 | 20 years | Rs 25,000.00 | Annual | NA | In Force |
| LifeTime Pension | 14-01-2004 | 18 years | Rs 834.00 | Monthly | Rs 100,000.00 | In Force |
| LifeTime | 21-06-2006 | Till 18-12-2070 | Rs 20,000.00 | Annual | Rs 400,000.00 | Premium Holiday |
| LifeStage RP | 12-02-2008 | 15 years | Rs 10,000.00 | Half Yearly | Rs 1,000,000.00 | In Force |
Mutual Funds:
| Type | Name: | Monthly/OneTime | Amount/month | SumAssured | Status |
| MF-Contra Fund | SBI MSFU CONTRA-Reg PLAN -Gr | Monthly | 1000 | NA | Active |
| MF-Diversified Fund | HDFC Top 200 Fund – Gr | Monthly | 1000 | NA | Active |
| Franklin India Bluechip Fund-Gr | Monthly | 1000 | NA | Active | |
| Reliance Reg Savings Fund-EQUITY OPTION-Gr | Monthly | 1000 | NA | Stoped | |
| Reliance Reg Savings Fund-EQUITY OPTION-Gr | Monthly | 1000 | NA | Active | |
| UTI – Wealth Builder Fund – Sr II – Gr | Monthly | 1000 | NA | Active | |
| Morgan Stanley A.C.E. Fund- Gr | OneTime | 15000/- | NA | Active | |
| MF-Thematic Fund | Reliance Diversified Power Sector Fund-Gr-Gr | Monthly | 2000 | NA | Stoped |
| Reliance Diversified Power Sector Fund-Gr-Gr | Monthly | 1000 | NA | Active | |
| Reliance Natural Resources Fund-Gr Plan-Gr | OneTime | 1,000,00.00 | NA | Active | |
| Reliance Natural Resources Fund-Gr Plan-Gr | OneTime | 20,000.00 | NA | Active | |
| MF-Balanced Fund | HDFC Prudence Fund – Gr | Monthly | 1000 | NA | Active |
2 PF accounts:
1. In my name [In Post Office]. 11 years completed but invested very less amount
2. In My wife’s name. [In SBI]. Started couple of years back.
Please help me in:
1. Removing the un-necessary one
2. Adding new ones
3. Helping in make it a well balanced portfolio.
Thanks in advance.