A look at 'Safal Niveshak' Vishal Khandelwal's investment philosophy & strategy
₹1.5 crore of term life cover, which is spread across three policies of ₹50 lakh each, with different maturities. This arrangement, he says, gives him more flexibility as he can gradually bring down his coverage over the years. Apart from this, he has health cover of ₹30 lakh for himself and a ₹20 lakh family floater cover.
Khandelwal says he doesn’t talk to his two children (a 19-year-old daughter and a 13-year-old son) a lot about finance. “As a family, we have focused on certain simple and bigger principles in the past 18-19 years. We have ensured that we practice what we are teaching our kids.
For example, in the idea of compounding, delaying some gratification is important. So, we keep talking about that. I don’t see my children becoming a part of the finance industry.
My daughter is more focussed on her creative side and inclined towards dance and design. My son seems more interested in technology. I also don’t see myself as part of the finance industry.
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