POSTED BY December 25, 2012 1:15 pm COMMENTS (6)ON
Recently joined this forum and think now that I was missing lot of information which is available on this forum.
Like most people I had never thought that probably term insurance would be better for a person.
I am currently paying around 1.0 L for LIC premium for a cover of what 5.0 Lac( Policies include wealth plus – 24 K…. Two Money back policy – 12 K premium …..Mkt Plus I – 36 K …….Jeeevan Saral….. 6K…..Jeevan Varsha…..16009)
Current status is
MKt Plus I – surrendered on 24th Dec 2012
Wealth Plus – opting for surender on Feb 2013
I need advice for my other three policies:-
a) Money Back :Policies – Shoudl i surrender them or make them paid up
b) Jeevan Varsha/Jeevan Saral – Shoudl i surrender them or make them paid up
I plan now after freeing up the money to take:-
a) Term insurance around 10 k
b) Health Insurance around 12 k
c) PPF -around 28 K/year
d) Gold ETF – 2500/month
e) Mutual Fund – 2500/month
Any other suggestion for tinkering my portfolio….
Looking forward to hearing asap on this.