CASE STUDIES
Case 7: Married, about to retire
Prospect |
: |
Ms Ishita Chatterjee |
Age |
: |
50 years |
Marital Status |
: |
Married |
Family Details |
: |
Husband, 55 years old; children married and settled abroad |
Income Source |
: |
Salaried |
Occupation |
: |
Manager, Central Bank |
Total Income |
: |
Rs. 8 lacs per annum |
| Investment Details | ||
Savings |
: |
Rs. 7 lacs |
Insurance Premium |
: |
Rs. 30,000 |
Loans |
: |
No Loan |
Cash in Hand |
: |
Rs. 4,00,000 |
Needs:
Ishita has small savings from which she would like a regular income during retirement. She would also like her wealth to grow during her earning period.
Suggested solution:
Ishita’s best option is to take a pension plan immediately and when nearing retirement go in for an annuity plan.
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