I am 27yrs old (Single), starting from this year, i would like to do proper finanical planning.My proposal are as follows,
“Preferred Pure Term Insurance”
-> Aviva i Life Term Insurance Plan (Age 27 || Preferred Online Term || Cover 50L || Term 35Yrs).
-> Is online term better? or should i go for offline.
“Proposed Pension Plan”
-> Open Two PPF accounts (Self & in Mother’s Name || Combined – 2L p.a || 15Yrs extended to 5 more Yrs).
-> Currently holding this policy HDFC Unit Linked Endowment (G) (Annual Premium – Rs24000 || Current Fund Value – Rs 103659.43 || Term 10Yr || Started Yr 2007).
-> Should i hold my current HDFC ULIP?.
-> Need to start SIP on each one of the Large Cap, Mid Cap, Small Cap, Flexi Cap MFs & ETF (Budget – 10k p.m). But I have no idea on how to choose the best MFs & ETF in each sectors.
“Preferred Accidental Insurance”
-> Future Generali Accident Suraksha (Age 27 || Cover 20L).
“Preferred Health Insurance”
-> Currently my company provides me 4L cover for myself & 2L for my parents. But in addition I have decided to choose one of the following below plans for safety but could not able to decide the best one.
-> Apollo Munich Easy Health Individual Standard (Preferred Individual Plans|| (Age ->> Self – 27 || Father – 54 || Mother – 46 || Sister 20) || Cover 3L).
-> Apollo Munich Easy Health Individual Exclusive (Preferred Individual Plans|| (Age ->> Self – 27 || Father – 54 || Mother – 46 || Sister 20) || Cover 3L).
-> Apollo Munich Optima RESTORE (Preferred Individual Plans|| (Age ->> Self – 27 || Father – 54 || Mother – 46 || Sister 20) || Cover 3L).
Please guide me with your valuable feedback.