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I am an NRI. I am 29 yrs old. My family consists of wife and two daughters (twins). Me and my wife are both salaried employees and have been seriously considering about investing. Our goals as we had listed out are:- 1) Both daughters higher education = 20 lakhs each = 40 lakhs 2) Both daughters marriage = 50 lakhs each = 100 lakhs 3) Amount to invest as pension fund= 100 lkhs each = 200 lakhs (100 lakh each for me and wife as pension fund) 4) A house to be bought = 100 lakhs 5) two automotives which we have longed for = 60 lakhs for both So the total sums upto around 5 crores. This target I intend to achieve in another 18-20 years, when my daughters reach the age of higher education I intend to settle back home. I totally understand I should keep in mind the inflation that will happen in the next 20 yrs and the target which I plan right now wont hold the value after around 20 years. But I believe its better to have something rather than nothing. I was proposed Jeevan anand for me and my wife with sum assured of 200 lakhs combined for both our policy with yearly premium of 14,06,500 INR (for two policies included) for 16 years. Maturity benefit on the 16th year being 500 lakhs. This was perfect when proposed by my agent and though the premium was higher I was in discussion with the agent to increase the years and reduce the premium when I hit upon your reviews and detailed analysis of the policy. Would you be able to give me something better than jeevan anand like a combination of insurance and mutaual funds to achieve the goals?

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