Tata AIA Life Invest Assure Flexi with monthly premium and my financial planning

POSTED BY ajaymishra82 ON October 12, 2013 7:19 am ONE COMMENT

Hi Manish,

I have been investing in Tata AIA Life Invest Assure Flexi with monthly premium of Rs 4,600/- since October 2008 with term of 40 years to create a retirement corpus. I wanted to understand whether it is a good option for investment and should I continue with it.

Further, as a first step towards planning my financial life I wanted to understand few basics. I am 31 year old and I am salaried employee with monthly in hand income of Rs 65,000/-. I have a 5 year old school going child, a house wife and parents to support (also we plan to have a second child soon). A brief of my investments and obligations are as below:

1.       2 Home loans EMI Rs 19,300/- (with balance tenure of 19 years) and Rs 3,750/- (balance tenure 1 year)

2.       Monthly investments Rs 3,000/- in HDFC Sensex plus MF, Rs 1,000 in Reliance MF ELSS and Rs 4,600/- in Tata AIA ULIP

3.       Monthly expenses Rs 30,000/- approx. (including school fees, medicines,  etc)

4.       Very recently I have started investing the surplus balance in HDFC Short term opportunities debt fund.

Further I have taken online Term Insurance of Rs 1.1 Crore (from Aegon Religare and Aviva) and my company has provided a heath cover of Rs 7.5 lacs for me and my dependents.

Would you please guide me?

One reply on this article “Tata AIA Life Invest Assure Flexi with monthly premium and my financial planning”

  1. ashalanshu says:

    Dear Ajay, as a start, please read this discussion first.

    jagoinvestor.com/forum/finacial-planning-faqs

    Thanks

    Ashal

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