20/05/2021
Very Important in current times:
Everyone of us do financial planning for our family members and dependents but One big question is how often these family members are aware about your financial planning. In Most of the cases they are not.
Recently I came across a situation where Wife had to struggle a lot financially post sudden death of her husband because she wasn’t aware about savings/investments/Insurance that her husband had done all through out.
As per recent govt report approx 32000 crores are lying with banks and Insurance companies as unclaimed deposit. Imagine someone would have saved this money for their closed ones but it ended up being no good to them.
In today’s era people hold diversified range of financial products like MF, FD, RD, Insurance, PF, PPF, NPS, Many bank accounts and the list may go on and on. Hence it is more important to gist down all details periodically so that closed ones can refer the same incase of an emergency or when you are not around.
Another important thing is to fill nominees details correctly.
Financial planning is important but it is imperative that your family is aware about it.
I am attaching this document which one must fill and keep at home so that immediate family members can refer the same in case of any contingency.