My Portfolio
My Age is 29 yrs and I am a Central Govt Employee having 32K (in hand) monthly salary.
I have one son of 8 months. My father is retired for the past 1 yr.
My Current Investment is as follows:
LIC Policies
1. The Endowment Assurance Policy
PT: 20yr SA: 50,000 P: 2507(Yearly)
Start From: 2005
2. Jeevan Anand
PT: 21yr SA: 2 Lakh P: 10,369 (Yearly)
Start From: 2007
3. Jeevan Anand
PT: 15 yr SA: 2,50 Lakh P: 19,546 (Yearly)
Start From: 2011
4. Jeevan Varsha
PT: 9yr SA: 1 Lakh P: 15,671 (Yearly)
Start From: 2009
HDFC Policies
1. Unit Linked Young Star – II
PT: 25yr SA: 2,40 Lakh P: 2000 (Monthly)
Start From: 2009
Premium invested in Growth Fund –II
2. Unit Linked Pension –II
PT: 24yr SA: -NA- P: 12,000 (Yearly)
Start From: 2008
Premium invested in Growth Fund -II
3. HDFC SimpliLife
PT: 15yr SA: 1 Lakh P: 20,000 (Yearly)
Start From: 2009
Premium invested in Growth Fund –II
Mutual Fund
1. HDFC Top 200(G): 1000 (Monthly) Since Oct 2011
NPS (Mandatory By Govt)
Currently Rs 2871 monthly. Deducting since 2009.
Questions:
1. Do I need Term Insurance?
2. What are your suggestions to my portfolio described above.
I want good amount for my son’s future education and for his marriage.
If required I am ready make any policy as paid up/surrender.
3. I do not want to invest any more money in the market for 2 years from now other than
continuing the above mentioned policies/funds. I want to re-balance it first.
4. Is it required to take any policy for children or in the name of Wife?
Any help is greatly appreciated.