00:00Sir, when we look at tax planning, we look at how much we can save our tax plans.
00:09Insurance plans are very important, whether it is health insurance or life insurance.
00:16In a middle class family, you will need insurance plans.
00:21Now, health insurance, life insurance is very important.
00:24And how much of a middle class should be covered in this amount?
00:31Right.
00:32So, I will answer both things.
00:35First of all, health insurance, which I think is most important now.
00:41The way that our lifestyle has been, I would say that our diseases are increasing, our problems are increasing.
00:50And together, our medical expense, in general, the cost of medicine is higher.
01:00So, for a family, it is very important to take medical insurance.
01:06And if not basic, then we should take it.
01:10You know, which will cover our daily problems.
01:14Maybe not critical illnesses, but non-critical illnesses.
01:18So, there are two thoughts.
01:20One is that a lot of investors are okay with paying for daily medical expenses, but critical illnesses cover.
01:30The other investor says, no, sir, I want to cover it before daily.
01:35When it comes, we will see.
01:37So, but all in all, health insurance is very important.
01:42India, health insurance, reach, quality, claims, settlement, and awareness.
01:51There are a lot of features, which a lot of companies, insurance companies offer, which are very beneficial to the
02:00buyers of the insurance.
02:01So, it's a good thing.
02:02Life insurance is not an investment.
02:11Insurance is a question of safety.
02:15It's important.
02:15It's important.
02:16It's important.
02:17Personally, I don't market equity-linked plans or endowment plans.
02:25But I must say that if any person has a salary,
02:32then about eight to ten times of that salary should be that person's term plan cover.
02:41If you have a lot of money and the other two are mixed, I think that makes a very good
02:46mix of investment.
02:48Okay.
02:49Eight to ten percent.
02:51Eight to ten times.
02:53Okay.
02:54Times of your should be the cover.
02:56Like 10 lakh salary is a 1 crore cover.
02:59Life insurance.
03:00Okay, fine.
03:02Sir, when we've got salary, we have a little bit of investments.
03:08We also have a lot of investment in the sense of saving.
03:16I'm sure that we have a billion-dollar salary.
03:18We have a lot of money in separate from saving to save.
03:22We must have more money.
03:24You must have more money in a month.
03:26We have more money for a month.
03:27And you must invest more money depending on where to pay.
03:29the structure of the salary is very important, like I have told you that if you are taking
03:36HRA deductions, then you are following which regime is also very important, considering
03:46the fact that if you want to take 1,000,000 total tax deductions in total, then just divide
03:58it by 12. For calculation sake, if I get 96,000, then if we save 8,000 per month, then
04:09we will
04:10take about 96,000 per month. I assume that after all the deductions, we have to take 1,000,000
04:21per month. So, this is the assumption based, because the situation is different, this is
04:27the calculation being that. Okay.
04:33But, where do we invest, this is also necessary to understand. Where do we invest in equities
04:40or gold, silver, or debt funds? Where do we invest our savings?
04:48The chances of tax planings are make a lot of changes.
04:52In other words, we invest in median taxes.
04:54We do have a lot of changes, but we have what comes from age, risk factors and risk taking
04:57ability and what we do.
05:03If someone is as young as you and I are, then probably we should go to the most risky asset
05:11class class class.
05:12I think we are able and capable, so we will get higher the risk, higher the return, and this is
05:20the time when we are working, our whole dependency is not going to be on this investment, so my concentration
05:28of equity is going to be more in this case,
05:31and this is the time when we are working, the liquidity becomes prime importance, so hybrid fund or debt fund,
05:40we are talking about investing,
05:43or tax saving bonds, or government, so that is a better option, there are corporate bonds that come in the
05:53picture,
05:54where gold, silver, and land, see land is something again very subjective, because that type of corpus should be ready,
06:03land requires a bigger investment is what I understand,
06:07gold or silver for someone who is looking for an alternative safe heaven,
06:12which means that I have a debt fund, I have put in every place, I have put in every place
06:19where I want to diversify,
06:22then I recommend gold and silver, otherwise I want to do it, so government floated sovereign gold bonds,
06:31that was a very good option, dematerialized form, non-physical form,
06:36you can hold it, you can hold it, you can get interest, you can get interest on that,
06:40plus, as you can now get a rally of gold, you can also get a benefit, so that's the benefit
06:46of the investment advisor,
06:46so this is actually where an investment advisor should come in the picture, and you know,
06:52you should open all cards in front of the company, so that there is a good guidance,
06:57number of trades, hope I will.
06:58Right.
06:58So that's where I go from.
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