Outline
Banking professional
To retire in 8 years
No retirement plan yet
Observations
- Upon retirement, client is set to receive approximately Rs.20 lakh from his insurance policies, and around Rs. 25 lakhs as retirement benefits from his employers.
- The client will require at least Rs. 50,000 per month for life post retirement, for which he will need a corpus of Rs. 85 lakhs. He is falling short of Rs.40 lakhs for his retirement corpus.
Results
Corpus of Rs.85 lakhs in 8 years
By the time the client retires, his corpus will reach the target figure of Rs. 85 lakhs.
Rs.50,000 every month guaranteed
Guaranteed regular returns of 7% from investment of corpus in financial products will earn Rs.50,000/month.
No worry of medical emergencies
Client won’t have to worry about any future medical costs, thanks to the increased health insurance.
Have Queries?