We had a take a home loan with interest rate of 8.65%, principal balanced being Rs 11 lakh. In which case you will need to prioritise among these goals. The balance 40% has to be used to buy an annuity policy from a life insurance company. Now, I have sold only factory building and plot for consideration of Rs 1-10 crore but private limited. The first thing for you to do would be to segregate the sales consideration between yourself and the private limited company.

Source: dna March 30, 2018 00:01 UTC