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Saver To Investor Image Credit: Outlook Money
Saver To Investor Image Credit: Outlook Money

Saver To Investor

The journey may seem arduous, but if you do not make the shift right away, you are more likely to land up realising your financial goals only in your dreams, says HARSH GAHLAUT.


A prudent saver, Suman Sarkar is employed with IT major ITC Infotech. He has been steadily and systematically stacking away his hard earned money into a mix of growth and protection oriented investments. In the process, he is putting his family on a financially solid ground bit-by-bit. The 34-year old Kolkata resident, has an additional helping hand when it comes to family finances—his wife Swarnali, who works with a state government undertaking. The family picture is complete the moment you include their 1-year-old son Suhan, whose education is the main financial goal for the family.

Strong foundation

The Sarkars are adequately covered when it comes to medical insurance. They have total health coverage of  ₹6 lakh for the family, and Suman has an additional accident insurance cover of ₹10 lakh. He has smartly excluded his ageing parents from his own health insurance plan. The total cost of a floating health insurance policy is contingent upon the age of the eldest family member. He has taken separate medical policies of ₹2 lakh each for them.

However, with life insurance he

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