Related Posts
Best high yield savings products?
More Posts
Patient experience consultants? Are your here?
Any info on the agency Heartbeat in NY?
How is Wunderman Thompson ATL for a creative?
What is coforge level 3???
Additional Posts in Investing and Personal Finance
From where do we get Form 26AS?
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.









Stop 60k in LIC as they are not beneficial in long term.
Average returns are around 5-6%.
50k for term insurance? Are you sure it's a pure term insurance plan? If yes how much is the cover amount?
My advice is to shift the LIC amount to mutual funds. Additionally get health insurance for you and your family.
Health insurance and term insurance are very basic needs for the financial planning.
Term plan is too costly. Try LIC online term plan. I pay 20k for 1 cr cover. Same age.
Stop investments in LIC and put that money in an index fund. Increase sip if possible
Thanks dear
Yes 50k for terms insurance I take it from Tata aia and the coverage is 1.3 cr for normal death and 90L for accidental.
I have mediclaim for my immediate family and parents.
And 60L life insurance I have kept for some secure income.
But will this be enough for peaceful retirements
For 32 years of age, 50k looks too high for a pure term plan of just 1 Cr cover
Check once if that's a ulip or premium return something like that
Or are u paying on reduced term like 10 years payment for the whole cover?
It will be helpful to understand your income, expenses and in addition these information will help to create a proper plan...