You are a Financial Planner. Your client Ashwin Aswani aged 37 years, married with 1
a child requires your help to make a few financial decisions. (You can make any assumptions
to further build up your case.)

a. Ashwin wants to buy a Pure Risk Life Insurance cover. He is confused about whether he should
buy a ULIP or a Term Plan. Recommend the product best suited for him giving valid
reasons. 

b. Ashwin wants to purchase a holiday home by liquidating his retirement savings and
taking a home loan for the next 10 to 15 years. Ashwin wants your opinion on whether this
is an appropriate strategy for a Retirement Plan.

Answer rating: 100% (QA)

Ashwins age is 37 so there is a need for a term plan while taking life insurance you must give first ... View the full answer