Hello Sreekanth,
I am Yogesh, a 39yr old HNI. I have dependable parents, 32yr old wife and 5yr old son. I need your advice on Investments and Financial Planning, essentially building a very aggressive investment portfolio.
Currently I have a Term Insurance Plan from ICICI Pru for SA of 5Cr for 30yr term. I am also investing in Aviva Life Insurance Family Income Builder Endowment Plan of Rs 5lac/anum which will be for 12yrs. I recently started two mutual fund SIPs of Rs50000 each in Franklin India Prima Growth and DSP Black Rock Micro cap regular growth. Kindly advice.
1 Answers
Hi,
Aviva Life Insurance Family Income Builder is a traditional Endowment Plan. As you have a term insurance plan, you may consider discontinuing this one.
Kindly read:
http://www.relakhs.com/traditional-life-insurance-plan/
http://www.relakhs.com/term-insurance-plan-a-waste-of-money/
Both the funds are good ones. But May I know your investment-horizon?
Let me know if you have Personal accident insurance cover, health insurance for self/family and your financial goals??
Read:
http://www.relakhs.com/personal-financial-planning-articles-list/
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