Queries

Insure Your Family, Ensure Your Peace I am 35, with 2 children (4 years and 2 years) and a monthly expense of Rs 60,000. I am currently investing Rs 4,000 for life insurance, Rs 2,000 for a term plan, Rs 5,000 in LIC for education (Rs 24 lakh at maturity), and another Rs 5,000 in Axis Blue Chip (expecting Rs 60 lakh). I believe the above investments are not sufficient for future planning. Can you advise me on my investment strategy? It is good to know that you are aware of goal planning, insurance, and investment. The above information is not clear and sufficient to advise you on the investment strategy. 1. Rs 4,000 per month for life insurance is equal to an endowment or money back plan (term and sum assured are not mentioned here.) Your coverage amount could be Rs 6 lakh to Rs 8 lakh 2. For Rs 2,000 per month on term plan coverage (term and sum assured is not mentioned here), we...