Please advise on portfolio management.

Dear Sir, I need your valuable advice to manage my portfolio. I have following interments strategy for achieving my long/short term goals: 1) Investments in mutual funds through SIP from 2015 for long term goals as retirement as well as children education: Axis Long Term Equity Direct-G  Rs 5000 P.M DSPBR Micro Cap Direct-G  Rs 5000 P.M ICICI Pru Value Discovery Direct-G Rs 5000 P.M Reliance Tax Saver Direct-G Rs 5000 P.M PPF Rs 2000  P.M 2) Life/Term/Health insurances: LIC JEEVAN SARAL 24000 P.A from 2011 for 25 years LIC Komal Jeevan 24000 P.A from 2013 for 25 years Term insurance of Rs 50 lakhs Health insurance cover Rs 5 lakhs with family given by company. 3) Investment in to property: Home loan for 20000 p.m up to 20 years possession in 2018 in Nodia Delhi. F D : Rs 5 lakhs as planning for investment/purchase property in Mumbai 4) Emergency fund F D : Rs 3 lakhs for 6 months. 5) Other details: I am 37 years old working in to MNC. I have house wife with two kids and staying on rent Rs 15000 p m in Mumbai The age of my kids are 5 and 2 years respectively. My earning is approx. 1lakh p m. I have no loans excluding one house loan for Rs 20 lakh as mentioned above. So I am requesting you to please review my investment and suggest my for better investment plans. Thank You, Mahendra