AID18815 Raj Shah, aged 36 years, is employed with an MNC.

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Raj Shah, aged 36 years, is employed with an MNC. His wife, Pooja, aged 34 years, is also working part – time. The couple has two children – daughter Rima aged seven years and son Ansh aged four years. Raj and Pooja require your help to make a few financial decisions. (You can make any assumptions to build up your case further)
a. Raj and Pooja want to invest in their children’s higher education for the long term (over 12 to 15 years). Develop a plan so that they can accumulate a sufficient education Corpus.
b. Raj wants to take a Life Insurance cover of Rs 1.5 crore. Advise him whether he should go for a ULIP or term insurance.

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