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SMART QUOTES

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STEPS FOR FINANCIAL PLANNING

STEPS FOR FINANCIAL PLANNING

we undertake the study of the follwings..

1 Demographic Features



2. Liabilities



a) Possibility of untoward expenditure in future.

b) Present expenditure structure




c) Owned House or Rented accommodation

d) Housing loan/Auto loan or any personal loan and its payback period




e)household expenditure



f) School and Tuition fee and or College/ University Tuition fee of children



g) Life Insurance Premium – Term Plan and or Unit Linked Insurance Plan and or Endowment plan

h) Household Insurance – Premium Payable

i) Travel Insurance – Premium Payable

j) Medical Insurance – Premium Payable


3. Assets





e) Post Office deposits- Time Deposits, National Saving Certificate, Kisan Vikas Patras, Corpus lying in Senior Citizen Saving Scheme, Amount Deposited in Monthly Income Scheme and or Recurring Deposits.



After the study of the above mentioned parameters we ascertain his future needs, goals and aspirations as follows






We come up with an action plan to give shape to the strategy.



Last but not least we recommend specific solutions to be implemented. Financial Planning is an ongoing exercise. We will revise it from time to time to make it updated and meet the future purposes.