Name: Prasad Jadhav | Age: 30
Occupation: Senior Area Business Head at India First Insurance
Spouse Name: Priyanka Jadhav | Age: 28
Occupation: Executive at Import-Export Company
Assistance For: Reviewing Family’s Financial Goals And Plan For A Comfortable Retirement
The Investor Assistance Program at Sparrow’s Sprout conducted various activities to assist Prasad and Priyanka Jadhav in reviewing their family’s financial goals and plan for a comfortable retirement. Here’s how each activity helped and had a significant impact on Prasad and Priyanka Jadhav:
The Sparrow’s Sprout team began by using its Risk Exposure Tracker to determine the couple’s current risk profile. The tracker calculated their Human Life Value (HLV), Insurance Gap, and Mediclaim Gap to provide an accurate risk assessment. With this information, the experts helped Prasad and Priyanka understand the amount of life insurance coverage and mediclaim they needed to secure their future.
Next, the couple needed to identify their risk appetite to determine how much risk they could take. The Sparrow’s Sprout team used their Risk AppetiteTracker to evaluate Prasad and Priyanka’s capacity to invest. The couple discovered that they fell under the Aggressive category, meaning they could invest up to 80% in equity and 20% in debt.
To invest their money wisely, the couple needed to understand their cash flow. The Sparrow’s Sprout experts used their Cash Surplus Tracker to calculate how much extra cash the couple could save each month to invest. The tracker also provided a comprehensive breakdown of their expenses to help the couple identify areas where they could cut back.
After gathering all the necessary information, Sparrow’s Sprout team helped the couple plan for their early retirement using their Retirement Goal Planning tracker. This tool calculated the corpus needed to ensure a comfortable retirement for the couple.
Feedback:
“We are grateful for Sparrow’s Sprout’s Investor Assistance Program. It was an eye-opener, confirming our solid financial plan with minor adjustments. The guidance provided clarity and confidence in securing our family’s future. We sincerely thank the team and highly recommend their program.” – Prasad and Priyanka Jadhav
This session was conducted by Sparrow’s Sprout as part of the Investor Assistance Program.
For similar assistance, please contact us at 7400057664 or email us at contact@sparrowsprout.in
