WhatsApp Video 2026 04 29 at 9 47 37 PM

[0:00]Chinmay, what are the most important things that every person should document so that their family is financially secure if they are not around. So see, our income stops with us, but our responsibility as a family member doesn't. So we should always make sure that all family members are aware of this one file that is financial backup file. Which contains these things. Number one, identity and legal documents, so Aadhar card of all the family members, PAN card, passport, voter ID. Will if you have created one, nominee details for financial accounts and investments. Number two, financial assets list, list all the assets clearly, bank accounts, mutual funds, stocks, demat accounts, fixed deposits, PPF accounts, EPF accounts, property documents. Also include where the original documents are kept, contact details of the financial advisor or the relationship manager. Number three, loans and liabilities, details of all the outstanding obligations, home loans, personal loans, credit cards, EMIs and repayment schedules. Number four, insurance details, policy information for term life insurance, health insurance, additional benefits if any, so any company is providing any group insurance or death benefits the family can claim. Number five, access and emergency contacts, important professional contacts, chartered accountants, financial advisors, lawyers, trusted family members. And digital access, instructions on how to access your accounts digitally, password manager or secure password storage details. In India, tens and thousands of crores of rupees remains unclaimed in government accounts because there is no one to claim it because the family members don't know about it, so don't keep your family confused.