Following is a likely solution for Mr.Chintamani.

Genarally as a thumb rule

1.exposure to equity and/or M.F. should be (100 minus age)% of investable amount (after expenses if any)

2.Sum assured for insurance should be aproximately 10 times of annual expenses.

So in this case the Sum assured should not be less than Rs.20,00,000/-

present premiums of term insurance of sum assured 20 lacs. are for a male of

1. 25 years old is around Rs.2500 p.a.

2.35 years old is around Rs.3500 p.a.

Making same premium amounts for health insurance would earn a health cover of Rs.2-3lacs. for him.

@25 years

TOTAL INVESTABLE AMOUNT after insurance expenses (50000-2500-2500)=Rs.45000p.a.

investment term (55-25)=30years

equity and/or M.F exposure (100-25)=75%

Allocating 37.5% into equity and 37.5% into M.F.

Equity amount to be invested 37.5%*45000= Rs.16875

Using compound interest formula for equal installments.

A=P*({1+r}^n-1)/r

r=rate of return.

n= number of years.

P=annual investment amount.

A=total amount at end of "n" years.

For equity

n=30,r=0.15,P=16875.

A=16875*({1+0.15}^30)/0.15

A=Rs.7,33,63,324 ............a * risk factor=16875/50000*100*5=168.75

Similarly for M.F.

n-30,r=.12,P=16875.

A=Rs.40,72,489................b * risk factor=16875/50000*100*4=135

Now amout that is left out of investable 45000 is 11250.

equally allocating 11250 amongst bank f.d and gold means 5625.

Gold

n=30,r=0.10,P=5625

A=Rs.925279....................c * risk factor=5625/50000*100*3=33.75

Bank F.D.

n=30,r=0.08,P=5625.

A=Rs.637218...................d * risk factor=5625/50000*100*2=22.5

total=a+b+c+d.

TOTAL =7,89,98,310

*risk factor for insurance(both life and health)=(2500+2500)/50000*100*(-5)=(-50)

*Total risk factor =310

@35 years