Just like any life
insurance policy, a policy that is taken out
for the
purposes of charitable giving, whether it's
for your church or your university, has to be reviewed
annually.
I have term plan of 1 cr., emergency fund
for 6 month, PF balance 10 lakhs, PPF 3 lakhs, FD 1 lakhs.I am saving
annually 1.5 lacks (tax
purpose) using PF contribution, PPF and
insurance premium and 50000
annually in Debt fund (reliance money manager fund).