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.
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