We tend to postpone decisions, but at times life forces us to start planning. One such event occurred in the happy married life of Dr. Jayesh and Jaya, when they faced the harsh reality of life. Jaya was detected to be suffering from a terminal illness. With this development, the couple not only had to plan for their immediate future but also for the future of their children.

Jaya worked as a government employee and Dr. Jayesh was professor at Shanti Niketan, known for its modesty and teachings. The day Dr. Jayesh realized that Jaya’s health requires repeated medical supervision, he approached ArthaYantra for advice.

ArthaYantra stepped in behind the scene as financial advisor and the recommendation was to set aside a lump sum amount to create the medical fund and keep this investment in liquid funds. This way with time he could build enough money to fight for life, along with his wife. Through monthly investments, he could also provide funds for his daughter’s education and marriage. A top up health insurance was suggested to provide adequate cover for his daughters and himself as the current insurance was not enough.

It is certainly not easy to face the situation and see your loved one suffering. And we understand that it can happen with anyone. If a few prudent steps can help you avoid the pain of financial loss due to suffering, does it not make sense to apply it to ourselves?

            Life had not been easy for Sanjana, mother of two! A massive heart attack had shattered Sanjana’s whole world. Sudden demise of Nishant, her husband, the only earning member, had left the family with bad investments. Nishant was working with an eminent software company, earning about Rs 1 lakh per month. He had recently bought a house on loan. His savings were not much, leaving Sanjana with not enough money to continue both her kid’s education and home loan EMIs.

One day, Sanjana received a call on Nishant’s number from ArthaYantra, informing that the six-monthly review of his financial plan was due. Sanjana did not know about ArthaYantra. ArthaYantra’s team informed her that they were Nishant & his family’s financial advisor and that they have all the financial information of the family. Upon validating the news of Nishant’s death, ArthaYantra provided to share all the information with Sanjana.

A big boost came to Sanjana when she learnt through ArthaYantra about the Rs 1.5 Crore insurance policy for which she was the nominee. With ArthaYantra’s help, Sanjana claimed and received the amount from the insurance company.

This single decision of Nishant to take financial advice helped the bereaved family. Had it not been for the complete financial revamp across his loans, expenses, insurance and investments, Nishant’s wife would not have been on a financially strong ground.

In no way can anyone fill the loss of the family. However, ArthaYantra ensures that the financial future of the family does not suffer due to such loss. Sanjana is now a satisfied customer of ArthaYantra as she continues to take the advice and invests with the company.

            An independent woman, Mrs. Ravindranath, post her husband’s unfortunate death, received an insurance claim of Rs 50 lakhs. She wanted to wisely invest the money so that both her kids could continue leading their life with no disruption.

As her husband had good earnings, he always wanted to give the best to both their kids. He sent them to top schools and gave the best possible care. To continue with similar lifestyle, Mrs. Ravindranath had to put her savings to best use. Her salary was not enough to cover all the expenses. She consulted many advisers and went ahead with their suggestions. She purchased multiple traditional policies largely insurances like ULIPs.

She ended up paying a premium of Rs 6.5 lakhs per year for a cover of Rs 50 lakhs but the returns were not adequate. Moreover, the remaining savings were blocked in fixed deposits, the returns from which were paltry post taxation. As a result, very soon she ended up with less cash in hand.

It was then Mrs. Ravindranath approached ArthaYantra for advice. She learnt from them that the situation arouse due to her bad investments. ArthaYantra advised her to maintain an optimum emergency fund to meet her immediate liabilities. Her earlier investments in ULIPs and Fixed Deposits were withdrawn and vested to build an emergency fund. Through a diversified portfolio, Mrs. Ravindranath could afford a house worth Rs 75 lakhs in two years!

Ignorance may be bliss for many but not in the case when you have to trust someone with your hard earned money. It is important to understand each suggestion or advice given to us regarding our investments and their implications with a long term objective.