4. Investment in Life Insurance Policies

It’s now time to look in particular the fast life you live, you must devote sometime to access the actual need of insurance in your family and go beyond the tax deduction of 80C for making insurance premium payment for the family members.

 If you have taken a big loan either for car or for house or for big education loan for your children, then it is also time now to think and adopt the theme of getting a “Term Policy” equivalent at least to the total amount of the loan on your head. Hence, think and think and take out new investment for insurance policy during the year 2015.

5. Physical tally of your assets

During the year 2015 each and every person whether a small investor or a big investor or whether a serviceman or a retired person, it is time now to have a physical tally of all your assets during the year 2015.

Once the tally is made, you will be sure of your entire bank FDR or Mutual Funds or Shares and all your gold and diamond jewelry. Both husband and wife should prepare a physical tally of all the assets and this must be done at least once in a year. This year think of having a physical tally of all your assets.