Professional Documents
Culture Documents
Master Document For Family
Master Document For Family
Master Document For Family
Name (self)
Spouse Name
Mother Name
Father Name
Children 1 Name
Children 2 Name
Most Important Documents These are the most important documents and their high level information which may be required by the family for various purposes Scanned Copy Link
Accounts Account Number Branch / Location Login ID Password / Hint Nominee Name Scanned Copy Link
Saving Bank Account 1 Click to see Image
Saving Bank Account 2 Click to see Image
Saving Bank Account 3 Click to see Image
Saving Bank Account 4 Click to see Image
Saving Bank Account 5 Click to see Image
Locker 1 (write content also) Click to see Image
Locker 2 (write content also) Click to see Image
Locker 3 (write content also) Click to see Image
Others Click to see Image
Others Click to see Image
Others Click to see Image
Others Click to see Image This document belongs to www.jagoinvestor.com
Others Click to see Image
Others Click to see Image
Others Click to see Image
Others Click to see Image
Others Click to see Image
Others Click to see Image
Cards Card Number Expiry (MM/YY) CVV PIN (for ATM) 6 digit VISA password (for Visa only) Any Important Point
Debit Card 1
Debit Card 2
Debit Card 3
Credit Card 1
Credit Card 2
Credit Card 3
Others
Others
Others
Insurance Data
Policy Name Insurer Name Policy Number Sum Insured Login Password / Hint Important point
Term Insurance Policy 1
This is a personal finance document manager, which has all the important information related to a person which his/her family may need at the
time of emergency. This document will serve as a master document in case of death of the main breadwinner of the family, or when he/she is
Master Document List missing and the family needs critical information. Please share this file with your spouse/family members.
Intro to this Master Document
20 important Tips for Family (English)
by www.jagoinvestor.com If your family members are stuck with any thing and need some guidance after the demise of the main breadwinner, we will be happy to
answer their queries. They can mail their queries or doubts at help@jagoinvestor.com 20 important Tips for Family (HINDI)
Take a 10 min Financial Health Checkup
Term Insurance Policy 2
Life Insurance Provided by Office
Health Insurance Policy 1
Health Insurance Policy 2
Health Insurance provieed by Office
Critical Illness Policy
Car Insurance Policy
Bike Insurance Policy
Home Insurance Policy
Critical Insurance Policy
ULIP
Others
Others
Others
Assets
Other Investments URL To Login Amount (optional) Login ID Password / Hint Nominee Important Point
Real Estate 1
Real Estate 2
Real Estate 3
Real Estate 4
Mutual Fund
Demat Account
PPF
EPF
NSC
KVP
Gold Bonds
Silver
NPS (National Pension Scheme)
ULIP 1
ULIP 2
ULIP 3
Chit Fund
Small Case
P2P Lending
Others
Others
Others
Others
Others
Others
Loan
Loan Name Company Loan Outstanding Loan Account Number Login Password / Hint Important point
Home Loan 1
Home Loan 2
Car Loan 1
Car Loan 2
Personal Loan
Gold Loan
Education Loan
Bike Loan
Credit Card Loan
Others
Others
Online Password
Which one? URL Login ID Password Security Password / Hint Important Point Why will family need it?
Gmail ID 1
Gmail ID 2
Gmail ID 3
Gmail ID 4
Facebook
Twitter
Instagram
Linkedin
ITR website
Electricity Bill Payment Website
Gas Bill Payment Webiste
Anyother Email id
Anyother Email id
Anyother Email id
Phone PIN
Others
This is a personal finance document manager, which has all the important information related to a person which his/her family may need at the
time of emergency. This document will serve as a master document in case of death of the main breadwinner of the family, or when he/she is
Master Document List missing and the family needs critical information. Please share this file with your spouse/family members.
Intro to this Master Document
20 important Tips for Family (English)
by www.jagoinvestor.com If your family members are stuck with any thing and need some guidance after the demise of the main breadwinner, we will be happy to
answer their queries. They can mail their queries or doubts at help@jagoinvestor.com 20 important Tips for Family (HINDI)
Take a 10 min Financial Health Checkup
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Others
Assets Liability
PENDING TASKS Various TO DO Activities which are pending in financial life yet
Jagoinvestor was founded by Manish Chauhan and Nandish Desai in 2008 with the aim to educate Do your Financial Health Checkup (25 questions)
more and more investors and improve their financial life by imparting financial education among
them. They have been writing about personal finance and have been conducting various workshops
in different Indian cities. They have also authored various personal finance books. They with their
Read all past articles by Jagoinvestor.com
team, work with clients from India and abroad (NRI's) and have offices in Pune and Ahmedabad.
If you have any appreciation, feedback or suggestion on this sheet, do reach the sheet creator at
manish@jagoinvestor.com Join our Telegram Group with more than 3,000+ members
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www.jagoinvestor.com How to invest money going forward?
If there is any big amount lying in bank account which may have come to your from life insurance company or from other sources, do not rush to invest that money anywhere. There is enough time. Dont panic and take any policy or any
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scheme etc. Just dont rush as of now
Next step if to understand that basically you need 3 things in life right now
Note that investing is simple, but also can be overwhelming at the same time if you have no background. The first step is to learn the basics on your own so that you dont make any major mistakes. You can also reach out to a good financial
advisor who is well known and is not just a policy seller or simple a product seller. If they are dealing in a single product only, they might be simple an agent. They may be some times mostly interested in selling you the product for short term
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benefits for their own. Its not always true, but you need to guage this from your interaction with them and how interested they are in helping you plan out things, making a strategy for your pension, investing for long term and hand holding
you over next many years at various points when you may need help.
Generally everyone will give you the suggestion to create a Fixed Deposit as they are 100% safe and easy to understand. This is not a bad advice if the amount to be invested is not very very large. This can be a good starting point for few
Investing in Fixed Deposits years. One can simply make a Fixed Deposit and earn interest on mothly basis. The returns may be on lower side and if the interest generated in whole year is within few lacs range then even taxation will not come into picture. This is not the
best thing you can do with your money, but for initial few years till you figure out the next best thing, its not a wrong decision.
There is something called as "Immediate Pension Plans" which comes from LIC, SBI and many other companies. You can buy these policies and you need to pay a one time large lumpsum amount and you will start getting a
Investing in Pension Plans monthly/quarterly/yearly pension for all your life. The pension may not be very high (returns are low), but its a simple product which does not need big expertise. If you put Rs 1 crore in these plans, then close to 4-5 lacs of pension on yearly
basis can be generated (as of year 2021). These numbers can change in future. Do not buy any other plans which has any fancy names or promises to give you fabulous returns
You can also invest in mutual funds for various long and short term reasons. There are mutual funds which are volatile and are termed as "risky" when you read about them, but they are ideal investments for any long term goals like your
children education and marriage which may be 10+ years away from today. People close to you may say that these are risky investments and there is a risk of loosing capital, and someone like you needs 100% secured products. This
statement may look very valid and logical, but shall also be looked at from the high inflation and wealth creation from future point of view. Mutual funds are volatile, but they have emmence capacity to generate wealth for you only for 10+
yrs goals if done in right manner and proper guidance.
Investing in mutual funds
There are other kind of mutual funds also like debt mutual funds, which are not highly volatile and are on safer side. You can also invest in these funds for your 5-10 yrs of goals. You can reach out to a good financial advisor for guidance or
can reach out to a MFD (as called a mutual fund distributor) . Please ask them for theie compensation model and also check with them how they will help you and hand hold you. Judge them based on your interaction. Agents, financial
advisors and mutual funds distributors are not seen in positive light in general, but there are many good people who work for clients interest while also making money for themselves.
Investing in money back A lot of people may approach you for investing in LIC, SBI, HDFC policies which have words like "Moneyback", "Endowment" and "Child Plan" etc, but remember that these policies are generally not in the best interest of the investor and
Insurance Policies make money for companies more.. These policies are to be avoided and please search about them online on various websites.
16 personal finance principles every investor should know Manish Chauhan https://www.amazon.in/Personal-Finance-Principles-Investor-Should/dp/9380200625
15 lessons on Personal Finance from Jagoinvestor (Free PDF Ebook) Jagoinvestor Team https://bit.ly/best-of-jagoinvestor-ebook
www.jagoinvestor.com 3 STEPS TO CLAIM TERM PLAN OR ANY OTHER LIFE INSURANCE POLICY
- Policy number
Step 1 - Name of the insured
- Date of death
- Cause of death
- Place of death
- Name of the nominee
You can get the claim form from the online website of the insurance company or from the company branch in your city.
Make sure you submit these documents as soon as possible, to get the claim faster. Note that as per section 45 of Inurance Act, 1938 - No claim shall be rejected after 3 yrs of policy being in force. Read more at https://www.irdai.gov.
in/admincms/cms/LayoutPages_Print.aspx?page=PageNo2648
If the nominee is missing in bank account or if the person who is claiming is not mentioned as nominee then also submit following document
You will need a copy of WILL for that, or if WILL is missing then meet a lawyer who will get this done and succession laws will come into picture. A fees may be needed to pay in court for this and it can take some time also
The legal heirs have to apply for property transfer in the office of Sub-Registrar with following documents
Step 2 Registration of property is 1st step. The next task is to apply for mutation of the property title of property from one person to another in land revenue records. This is required for the purpose of payment of property taxes, or to transfer
or apply for utility connection in the name of the new owner. This process is done at the local municipal authority office in whose jurisdiction the inherited property is located. We suggest hiring a local lawyer to complete this process as
its not a simple process for a laymen and the documents required and fees is different in different states. So taking professional help is suggested.
However, a property with an outstanding loan can only be transferred with the written consent of the lender. The legal heir has to repay the loan outstanding and clear the loan. After any of these steps you can obtain a loan clearance
Important certificate from the lender along with the mortgaged original documents.
Point
If a property loan insurance was taken, then it becomes very easy as the loan amount will be paid by the insurance company. Else if any term plan was taken by the deceased, then the family will get the insurance money out of which
they can make the payment for loan outstanding. If the loan is not cleared on time or if EMI payments are stopped, then the lender has all the rights to sell off the property and recover their money and repay the balance amount if any
back to family
Note that transfer of property can get very complicated and confusing hence its strongly suggested to initiate the process as soon as possible and also hire a good lawyer or advisor to complete these process.
www.jagoinvestor.com Claim process for Mutual Funds
Incase of death of the 1st joint holder (where its in joint holding)
Important
Please refer to https://www.amfiindia.com/investor-corner/investor-center/procedure-to-claim.html for delailed information as there may be many other cases as well
Point
www.jagoinvestor.com Claim process for PPF Account
Step 1 - Form G filled by all nominees (this is the death claim form and can be downloaded from online website)
- Death certificate of PPF holder
Additional Documents incase Nominee is not registered or anyone is claiming money other than nominee
- Succession certificate or letters of administration along with an attested copy of probate of will issued by a competent court.
- EPF Form 20
- Death certificate of PPF holder
Step 1 - Incase the nominee is minor, then guardianship certificate from court
- Copy of blank/cancelled cheque
- Form 20
Additional Documents incase Nominee is not registered or anyone is claiming money other than nominee
- Succession certificate or letters of administration along with an attested copy of probate of will issued by a competent court.
However one can also fill EPF Composite form, which is one single form to be filled in case of death and in that one single form, one can claim EPF, Pension and Insurance by attaching all documents.
Important Information
- Claim from EPFO department can mean lots of documents and filling forms offline which can be complicated and full of doubts.
- EPF Scheme certificates is a document which is to be collected from every employer which gives info about the employment duration and multiple EPF schemes need to be submitted towards the end for applying Pension
- Do check if the Phone of the member is linked to Adhaar and also UAN, which helps you get a lot of information about EPF account online itself and initiate few processes also
- Incase you are stuck with anything regarding EPF, you shall use RTI as a tool to get information from EPFO directly and also expediate process by asking questions to them on timeline and where the file is stuck
www.jagoinvestor.com Claim process for Shares from Demat Account
If the nominee is not mentioned or nominee is dead or the person claiming is other than nominee, then
Step 2
- If value of holdings is less than 5 lacs, An affidavit and letter of indemnity in the prescribed format, a no objection certificate (NOC) from the other legal heirs or family settlement deed in the prescribed format
- If value of holdings is more than 5 lacs, the probate of a registered WILL is required else a succession certificate from court
Important Information
- The family has to do this for all the demat accounts held by the person who died
www.jagoinvestor.com Claim process for Shares from Demat Account
- Covering Letter from the associated Nodal Office to be submitted alongwith the Withdrawal form
- Advanced stamped receipt need to be duly filled and cross-signed on the Revenue stamp by the Subscriber.
Step 2 - Original PRAN card OR affidavit in case of Non submission of PRAN card
- KYC documents (address and photo-id proof) attested by mapped Nodal Office.
- ‘Cancelled Cheque’ (having subscriber’s Name, Bank Account Number and IFS Code) or ‘Bank Certificate’ on Bank Letterhead having claimant’s name, Bank Account Number and IFS Code required to be submitted as bank proof.
‘Copy of Bank Passbook’ can be accepted, however, it should have claimant’s photograph on it and should be self attested by the claimant.
- Original Death Certificate issued by the Local Authority.
- If nominee is not present or died or claimant is different than a succession certificate or Probated WILL is required
Important Information
- Withdrawal forms should be submitted to the associated POP/POP-SP for onward submission at CRA. On verification of documents, an exit claim ID is generated by the associated POP-SP or CRA.