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Sunil

Sunil Lala  | Answer  |Ask -

Financial Planner - Answered on Jan 19, 2024

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Asked by Anonymous - Oct 15, 2023Hindi
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My Jeevan Anand LIC policy will mature next year. I do not wish to continue the policy till death but would like to withdraw this additional amount along with maturity amount. Please let me know how much additional amount I will get along with the maturity amount. The policy is of Rs 10 lakhs.

Ans: And this policy was for what period. Best is you can put this query to your insurance agent or get it from your policy servicing branch
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |8547 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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I am having LIC of a 14 lakhs policy of Jeevan Anand paying premium of 71000. It's going to mature or complete it's 21years term. How much should I expect the maturity amount? Will I be be life covered post maturity amount withdrawal? Where should I invest this maturity amount?
Ans: Assessing Your LIC Jeevan Anand Policy
Understanding Maturity Amount
Your LIC Jeevan Anand policy is nearing the end of its 21-year term. Given a policy sum assured of ?14 lakhs and an annual premium of ?71,000, the maturity amount will include the sum assured along with any applicable bonuses. However, without specific bonus rates, an exact figure is challenging to determine. Generally, LIC policies like Jeevan Anand accrue bonuses over the years, which can significantly enhance the maturity amount.

Life Coverage Post Maturity
One key feature of the LIC Jeevan Anand policy is the continuation of life cover even after the maturity amount is paid out. This means you will still have a life cover equal to the sum assured (?14 lakhs) after the policy matures, providing continued financial security for your beneficiaries.

Investment Recommendations for Maturity Amount
Risk Assessment and Goals
Before deciding where to invest the maturity amount, consider your risk tolerance, financial goals, and investment horizon. Since the maturity amount is likely to be substantial, diversifying across various investment options is prudent.

Investment Options
1. Mutual Funds
Equity Mutual Funds: If you have a high-risk tolerance and a long-term investment horizon, consider equity mutual funds. They offer high growth potential but come with higher volatility.

Balanced or Hybrid Funds: For a moderate risk appetite, balanced funds invest in a mix of equities and debt, providing a balance of growth and stability.

Debt Mutual Funds: If you prefer low risk, debt funds are safer and provide regular income, suitable for short to medium-term goals.

2. Systematic Investment Plan (SIP)
Consider investing a portion of the maturity amount in mutual funds through SIPs. This helps in averaging the purchase cost and reduces the impact of market volatility.

3. Public Provident Fund (PPF)
For long-term, risk-free investments, PPF is a good option. It offers attractive tax-free returns and has a lock-in period of 15 years, making it suitable for retirement planning.

4. National Pension System (NPS)
NPS is another long-term investment option, especially beneficial for retirement planning. It offers a mix of equity, corporate bonds, and government securities with tax benefits.

5. Fixed Deposits (FD)
If you seek safety and assured returns, consider investing a portion in fixed deposits. Although returns are lower compared to equity, FDs provide guaranteed income.

6. Gold
Investing in gold through Gold ETFs or Sovereign Gold Bonds can provide a hedge against inflation and add stability to your portfolio.

Diversified Portfolio Approach
High-Risk Investments: Allocate around 40-50% in equity mutual funds or direct stocks for high growth potential.

Moderate-Risk Investments: Allocate 20-30% in balanced funds or hybrid funds for balanced growth and stability.

Low-Risk Investments: Allocate 20-30% in debt funds, PPF, or FDs for assured returns and safety.

Alternative Investments: Allocate a small portion, around 5-10%, in gold or other alternative assets for diversification.

Conclusion
Upon maturity of your LIC Jeevan Anand policy, you will receive a significant lump sum. Continue benefiting from life coverage even after maturity. To optimize this maturity amount, diversify your investments across equity, debt, and alternative options based on your risk profile and financial goals. Regularly review and adjust your portfolio to stay aligned with your objectives.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Nayagam P

Nayagam P P  |5446 Answers  |Ask -

Career Counsellor - Answered on May 29, 2025

Career
Sir, my son has scored today in bitsat exam 267 marks, he has got 3688 obcncl rank in jee mains and 508 rank kcet. Please suggest suitable college and course. NIT trichy instrumentation and control, or BITS dual degree msc with economics or RVCE computer science these are the ones which are there in our mind, please suggest a good option. Other than these also we are fine, please suggest a better college and course
Ans: Prakash Sir, Prefer RVCE through KCET. Having said this, With a BITSAT score of 267, admission to BITS Pilani’s core branches like CSE is unlikely, but branches like Mechanical or Electronics & Instrumentation at Pilani or other BITS campuses may be possible. His strong KCET rank (508) makes admission to RVCE’s Computer Science branch very feasible, which is highly reputed for coding and software careers. NIT Trichy’s Instrumentation & Control is a good government option but less aligned with software interests. The BITS dual degree MSc with Economics offers an interdisciplinary path but is less traditional for core engineering jobs. Considering his passion for coding and career prospects, RVCE Computer Science stands out as the best option. He should also explore other NITs or IIITs via JEE Mains rank for CSE or related branches. Overall, RVCE CSE offers the best blend of reputation, placements, and alignment with coding ambitions. All the best for your son's admission and a bright future!

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Nayagam P

Nayagam P P  |5446 Answers  |Ask -

Career Counsellor - Answered on May 29, 2025

Asked by Anonymous - May 28, 2025
Career
Hey my son has scored 95.5 %ile in Jee mains with a rank of 67728 CRL and 9654 EWS rank. He is expected to score 99/103 marks in JEE Advanced with Delhi as Domicile. In what colleges could he get CSE/DSAI/DSML/ECE as he has a very strong passion towards coding and making websites?
Ans: Your son’s JEE Main rank of 67,728 (CRL) and 9,654 (EWS), combined with an expected 99/103 in JEE Advanced and Delhi domicile, opens good opportunities for CSE, DSAI, DSML, or ECE branches. He can target NITs like Raipur or Jalandhar and IIITs such as Manipur, though CSE and specialized AI/ML branches are highly competitive. Leveraging his Delhi domicile, he has a strong advantage in Delhi government colleges like DTU, NSUT, and GGSIPU, which offer excellent programs in Computer Science and related fields with vibrant coding cultures. Private colleges in Delhi NCR, such as Amity and Galgotias, also provide solid courses in CSE and AI/ML with good infrastructure. Given his passion for coding and web development, focusing on branches aligned with software, data science, and AI is ideal. Additionally, his high JEE Advanced score could help secure admission in IITs through counseling, potentially opening doors to premier CS programs. This approach balances rank, domicile benefits, and career interests effectively. Focus more on filling out choices for NITs in JoSAA, instead of IITs as his AIR Rank in JEE-A is slightly behind. However, fill out a maximum number of choices. All the best for your one's admission and a bright future!

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Nayagam P

Nayagam P P  |5446 Answers  |Ask -

Career Counsellor - Answered on May 29, 2025

Career
My son has 239380 rank in jee mains .which college will he get for cs
Ans: Yogita Madam, Rank is on a lower side. Have some more options as back-ups instead of relying on JoSAA. Can try through CSAB Counselling process if vacancies exist. However, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Have some other options also as back-ups instead of relying only on JEE/JoSAA.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your son's admission and a bright future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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