4 replies on this article “Planning”

1. Ashal Jauhari says:

   April 1, 2013 at 4:46 pm

   Dear Jinesh, what’s your yly income, loan liability, family size, no. of dependents……?

   Thanks

   Ashal

   Reply
2. jinesh shah says:

   April 1, 2013 at 4:12 pm

   hi
   NPS is voluntary.
   what should be right amt for term insurance!!
   ULIP am getting 5/7% more than what i had put in. XIRR is 5% there may be 1% preclosure charge in one scheme.

   Reply
   1. Free Financial Calculators says:

      April 1, 2013 at 5:20 pm

      This will give you a rough estimate

      http://freefincal.wordpress.com/insurance-calculator-for-the-young/

      if you have children then use the comprehensive child planner there.

      For more complex needs like parent-dependents, special need dependents you can use the comprehensive insurance calculator

      Reply
3. Free Financial Calculators says:

   April 1, 2013 at 3:44 pm

   first get yourself enough pure life term insurance.

   A ULIP will take seven years or so to just break even. Closing it before that as you have done might have resulted in a loss. The damage is done and the amt would have just earned 3.5-4% after you closed. So best to get out of it.

   List your goals and determine amt needed to be invested. See where your other policies fit in. if they don’t (which is the mostly the case) you should condiser making that paid-up.

   Is your NPS a voluntary account?

   Reply

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