Investment & Insurance

POSTED BY Maruthi ON June 27, 2012 3:15 pm COMMENTS (5)

Hi Manish,
I plan to invest in SIP, kindly advise which firm should I approach.
Similarly I also want to invest in Child Education & retirement policies.. kindly advice which one to go ahead… like SBI life/HDFC life etc.

Regards
Maruthi Prasad

5 replies on this article “Investment & Insurance”

  1. Dear Maruthi, May I know your other details like, family size, Income, expenses, current assets & investments. loan liabilities, current insurance,……………………..

    Please provide the data. At the same time, please read prev. topics on forum as well as main site. You ‘ll learn a lot yourself.

    Thanks

    Ashal

    1. Maruthi says:

      Dear Ashal,

      Thanks for your inquiry.

      My annual income is around 10 lakhs. My family size is 3, my son is 3.5 yrs old.Monthly expenses account to 0.5 lakhs( which include housing loan EMI( Rs 18000/month),rental of the flat I am staying & house hold expenses).

      I am having a housing loan , with a current liability of 16.3 lakhs. I have taken Komal Jeevan Policy for my son ( for SA of INR 3 lakhs, with annual premium of INR 22,500),Jeevan Anand for myself & my wife ( for SA of 2 lakhs each) & two policies from ING life of premium of INR 25000/yr.

      Similarly I invest regularly in PPF account.

      Regards
      Maruthi Prasad

      1. Dear Maruthi, can you answer a simple question – if you die today, how much money your family ‘ll get from those Jeevan Anand & ING policies? How your family ‘ll be able to pay that loan amount of 16.3L Rs.

        One more question – What this Komal Jeevan doing for your family?

        Please answer.

        Thanks

        Ashal

  2. TheZionView says:

    Maruthi

    you dont have to goto any firm.

    First thing you might want to do is educate yourself on personal finance

    Read article from archives of http://www.jagoinvestor.com

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