Assignmet on Personal Fina

Chandna Kumar singh RT1902A27 Reg No 10903162

Personal Financial Planning Fo

Family And Dependent Data:
Name Date of Birth
chandan kumar singh 3/1/1987
Ram Binay Singh 5/6/1966
Chanchla Devi 17/02/1968
Pankaj Kumar 14/8/1990

Net Worth
Income Data:
Self
Salary NA
Self-Employment STUDENT
Other Income NA

Asset Data:
Asset Date Acquired
Checking Account 1997
Savings Account 14/5/2005
Money Market Acct.
Auto #1 1/7/2006
Auto #2 9/3/2008
Personal Residence 4/6/2006
Other Real Estate NA
Savings Bonds 3/5/1997
Stock NA
Other Bonds NA
Fixed-Income 9/2/2002
Retirement Plan NA
Royalties, NA
Business Interest NA
Jewelry, 7/4/2004
Other Personal Property NA
Notes Receivable NA

Liability Data:
Liability Date Incurred
 Consumer Credit NA
Auto Loan NA
Home Mortgage NA
Personal Loan 24/06/2006
Business Loan 16/07/2006
Other Loans? Education 24/06/2009

Insurance Information
Determine how much Life Insurance you need:- 1000000
Determine how much Disability Insurance you need:- NA
List all of your current policies and coverages:
Life
Health
Property
Auto

Life Insurance
Self
Type of Policy life
Policy Number 3758319367
Insurance Company Name LIC
Coverage Amount 200000
Premium 10000/ Year
Beneficiary Father
Current Cash Value*
Policy Loan*

Health Insurance
Self
Type of Plan NA
Policy Number NA
Insurance Company Name NA
Premium NA
Co-Payment NA
Deductible NA
Primary Doctor
OB/GYN Doctor
Specialist

Property Insurance
Primary Residence
 Insurance Company Name NA
Policy Number
Dwelling Coverage Amount
Renewal Date
Premium
Endorsements

Auto Insurance
Vehicle #1
Insurance Company Name
RELINCE GENERAL INSUARANCE
Policy Number 294857265
Renewal Date 15/12/2010
Primary Driver SELF
Secondary Driver NA
Premium 900
Endorsements

Savings and Investments

Family Member (self or spouse) Investment Type
Father Fixed
Mother Fixed
Self NA

Social Security? Relatives are the very

How will you close the gap?

Estate Planning
Self
Will
Primary Beneficiary Father
Secondary Beneficiary Mother
Funeral Instructions
Living Will
Advanced Medical Directives
Power of Attorney
Trusts
 Goals

Goal #1:
Time Frame Anticipated Financial Commitment
Next one Year For higher studies (brother)
500000

Goal #2:
Time Frame Anticipated Financial Commitment
Next one Year To get merriese
700000

Goal #3:
Time Frame Anticipated Financial Commitment
Next one year To purchase a Car
700000

Goal #4:
Time Frame Anticipated Financial Commitment
Next one year (Purchase house)
1000000

Goal #5:
Time Frame Anticipated Financial Commitment
Next one year Get one child
100000

Goal #6:
Time Frame Anticipated Financial Commitment
Next one year (Brother Marriage)
1200000

Goal #7:
Time Frame Anticipated Financial Commitment
Next one year Adimission of first child
200000
 Goal #8:
Time Frame Anticipated Financial Commitment
next Year To start Own Bussiness
2500000

Goal #9:
Time Frame Anticipated Financial Commitment
Next one year (Future planning)
1000000

Goal #10:
Time Frame Anticipated Financial Commitment
Next one year To purchase some Real estate
2000000

Goal #11:
Time Frame Anticipated Financial Commitment
Next one year To start a New Business
3000000

1. List of Financial
Institutions & Services that
use by me & my family:

Financial Institutions Services

State Bank of India Current Account
State Bank of India Home Loan
State Bank of India Saving Account
State Bank of India Education Loan
Punjab National Bank Bike Loan
Punjab National Bank Saving Account
Punjab National Bank Saving Account
ICICI Bank Saving Account
Kenera Bank Saving Account
HDFC Bank Saving Account
signmet on Personal Financial Planning
T1902A27 Reg No 10903162

nal Financial Planning For Next Ten Year.

t Data:
Health problem Remarks
NA
NA
NA
NA

Spouse Joint
NA Father 30000
NA NA
NA Rent 5000

Ownership Current Fair Market Value Encumbrances

Ram Binay Singh 500000
CHANDAN KUMAR SINGH 10000

Ram Binay Singh 40000

Ram Binay Singh 50000
Chanchala Devi 1000000

Ram Binay Singh 500000

Ram Binay Singh 60000

Chanchala Devi 200000

Original Amount Current Balance Maturity Date

 50000 60000 8/4/2010
500000 700000 2/4/2010
340000 367000 12/4/2014

Insurance you need:- 1000000

ability Insurance you need:- NA
nt policies and coverages:

Spouse Child Child

Life
Father:-365937193
LIC
2000000
25000/Year
Mother

Spouse Child Child

Father:- Health Plan
73847261
LIC
900/ Year

Dr. NK Mishra

Dr. NK Mishra

Other Real Estate

 Vehicle #2
SBI Insurance Ltd
49127485
5/7/2011
Father
NA
4000

Current Market ValueExpected Market Value

200000 500000
100000 250000

y? Relatives are the very helpful.

ow will you close the gap?

Spouse
 Financial Source
Edu Loan & Salary
500000

Financial Source
Monthly Salary
50000

Financial Source
Monthly salary & Car loan
60000

Financial Source
Fix. Dep & Salary
1100000

Financial Source
Monthly salary
70000

Financial Source
Fix. Dep & Salary
1300000

Financial Source
Salary
200000
 Financial Source
Bank Loan & Salary
2500000

Financial Source
business
1000000

Financial Source
Business & Loan
2000000

Financial Source
Business & Loan
3000000

User
Father
Father
Myself
Myself
Myself
Myself
Brother
Father
Father
Father
Interest Rate
 8%
10%
11%