CASE STUDIES

Case 4: Married with kids and working

Prospect	:	Mrs. Shobha Bajaj
Age	:	42
Occupation	:	Textile business
Income (Personal)	:	Rs. 13 lacs – Rs. 15 lacs per annum
Disposable income	:	Rs. 70, 000 per annum
Family Members	:	Husband, Mr. Bajaj aged 45, runs the textile business. Son Rahul aged 16 about to go to college.
Pre-existing investments	:	Savings in FDs, Mediclaim cover for the entire family.
Risk Profile	:	High

Needs:

Shobha is looking at wealth creation. She also wants financial protection and a critical illness cover.

Suggested solution:

Shobha should take a unit-linked Insurance plan for wealth creation. Apart from this, she should also go in for a term plan for protection and a health insurance plan to cover critical illness. These plans may need to be prioritized.