Please review my Portfolio and let me know if something is missing or need to modify else?

POSTED BY Pankaj ON September 11, 2012 6:03 pm COMMENTS (8)

Hi 

My self Pankaj, 30 year old. I am married and having no children. I have dependent with Parents and spouse. My annual income is 13 Lacs. I am working in private sector.

Following are the investment i have:

1. ICICI Pinnacle ULIP @ Rs 50000 p.a.

2. Reliance Growth MF @ Rs 60000 p.a.

3. HDFC Top 200 MF @ Rs 12000 p.a.

4. SBI Contra MF @ Rs 12000 p.a.

5. SBI Magnum Emerging Business Fund (G) MF @ Rs 60000 p.a.

6. LIC Jeevan Saral @ Rs 25000 p.a.

7. LIC Jeevan Anand @ Rs 25000 p.a.

 

Can you please let me know whether the portfolio is ok or not? let me know if you think i should modify above?

 

I am also planning to opt a \”Term Insurance\” for Rs 1 Crore cover. I am confused with all the companies offering Term Insurance. Can you please suggest what would be the best company for opting the term insurance?

 

Waiting for your update.

 

Thanks

Pankaj

 


8 replies on this article “Please review my Portfolio and let me know if something is missing or need to modify else?”

  1. Dear Pankaj,

    Its good to know that you wish to buy a term insurance policy. Term Insurance plans are in huge demand as not only are they affordable, but also one of the simplest forms of insurance to secure your family.

    There are a few things you should consider before choosing a term plan:

    1. Claims performance
    2. Service reputation of the brand
    3. Convenience offered in terms of medical checkups, online sign up/ payments and services

    You may consider ICICI Pru iCare, an online term plan from ICICI Prudential Life Insurance. ICICI Pru iCare has been chosen by consumers as “Product of the Year 2012” in the Life Insurance Category based on a survey of over 30,000 people by Nielsen.

    This easy to purchase online plan allows you to get a cover of upto 1 crore without any medical tests. This makes it very easy and quick to get protected.

    ICICI Prudential Life Insurance has a healthy claims record as cited in the following news articles http://bit.ly/HejDZA and http://bit.ly/HTbw7S.

    To find out more about this product and to see if it suits you, please visit http://bit.ly/IgvQDe

    Please understand that we only offer suggestions based on your requirements, however choosing a policy most appropriate for you remains at your discretion.

    Warm Regards,
    Life Insurance Help
    ICICI Prudential Life Insurance

  2. Pankaj says:

    thanks for your update

  3. Pankaj says:

    hi Ashal, I have two priority:

    1. To keep investing some amount for the investment purpose
    2. to cover the risk of financial loss of your family in your absence

    For the first priority, i want you to look over my portfolio and let me know your update.

    For the second priority, please suggest the best Term Policy in respect of low cost and best settlement ratio.

    Thanks for your update.
    —–
    Pankaj

    1. Dear Pankaj, for insurance needs the online plans of the insurers as mentioned above are good. I do not which insurer is offering online plan in your city hence can’t comment on the part of your query, which insurer to go with. Regarding portfolio, IPRU policy, & Jeevan Saral & Jeevan Anand should be surrendered right now.

      Regarding MFs, HDFC Top 200 & Quantum Long Term eq. fund should be there in your portfolio. Yes just 2 funds.

      Thanks

      Ashal

  4. Pankaj says:

    hi Ashal,

    I am open with the Term cover as i have already mention in my question above.

    So can you first look over my portfolio and then let me know if any modification/addition is required?

    Also let me know which Term policy is best in respect of “cost and cover”?

  5. Pankaj says:

    hi Asha,

    I am open with the Term cover as i have already mention in my question above.

    So can you first look over my portfolio and then let me know if any modification/addition is required?

    Also let me know which Term policy is best in respect of “cost and cover”?

    1. Dear Pankaj, what should be your priority, to cover the risk of financial loss of your family in your absence or to readjust your portfolio? That’s why I discussed only term plan. Many insurers are offering online term covers now a days which are very cheap. Aegon Religare, Aviva, Kotak, Metlife, Bharti, HDFC, ICICIPru…..

      These are merely names & not the order of preference. Please check from the individual co. site, which policies are available in your city & opt accordingly.

      Thanks

      Ashal

  6. Dear Pankaj, are you comfortable with online term cover or not?

    Thanks

    Ashal

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