Prioritise and reconsider

Deepak (36) is married and has two sons, aged seven and 10. He works as a marketing manager and takes home an amount of Rs 85,000 every month. His monthly expenses, including EMIs, amount to Rs 50,000, leaving an investible surplus of Rs 35,000 with him. He has a small home loan outstanding. Deepak also has some money in the EPF, PPF, NPS and also a small amount in stocks. He wants to accumulate a corpus for his retirement and pay for his children's education and marriage. He also wants to know whether he has sufficient life insurance.

This article was originally published on November 03, 2021, and last updated on November 16, 2022.