CASE STUDIES

Case 2: Single working professional

Prospect	:	Geeta Bhatia
Age	:	30 years
Marital Status	:	Unmarried
Family Details	:	Stays with parents
Income Source	:	Salaried
Occupation	:	Sales Manager in a Consumer Electronics Company
Total Income	:	Rs. 7 lacs per annum
Investment Details
Savings	:	Rs. 3 lacs
Stocks	:	Nil
Mutual Funds	:	Rs. 2 lacs
Insurance Premium	:	Rs. 50, 000
Loans	:	Home Loan Rs. 10 lacs
Cash in Hand	:	Rs. 50, 000

Needs:

Geeta is looking for a risk cover and a corpus to satisfy future needs. She has been getting continuous bonuses from the company and would like to stay invested for the next 5-6 years.

Suggested solution:

Geeta should go in for a Unit Linked Insurance Plan, which will give full exposure to equity, as her current portfolio in equity is nil. This will help her create wealth and serve the purpose of a corpus. In case she is the only earning member of the family, she should take a term plan, which will serve as a risk cover in case something untoward should happen to her.