Investment to be made

POSTED BY shibu ra, ON March 21, 2011 12:56 pm COMMENTS (2)

Hi Manish,

I have liked all your responses however need your advise for investments towards retirement and our child’s education

I am 32 years old and my husband is 37 years old my son is 8 years old.

I have bought one 2Bhk flat in chennai and have made the below investments

two LIC policy’s in my husbands name with maturity amount as 500000 each

two LIC policy’s in my name with maturity amount 500000 and slightly above

two max insurance policy one is 500000 and the other is 5000000.

Now my question is should i further invest in the max york life partner plus policy and other retirement policy or should i invest in SIP and the post office MIS policy or invest in land .

My requirements are if my son wants to study medicine and become a doctor after 20 years. I should have sufficient amount to support the same. And for my retirement need a small home with decent amount from the plans.

My current house hold expense for 6 people at home is around 25000 per month

 

2 replies on this article “Investment to be made”

  1. shibu ra, says:

    Hi,

    it is the sum asssured

  2. ashal jauhari says:

    Dear Shibu, Please confirm in your query, the amount you are referring as maturity amount is the final maturity value or the sum assured?

    In my view you are quoting sum assured as maturity amount.

    Please clarify the same.

    Thanks

    Ashal

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