Financial docs help

[Sagar125]

Hello people.

I wanted to know that do insurance polices (with surrender value cettificates) count towards proof of financial stability.

My college fees is around 48 lacs pkr. But my father doesn't have even 5 lacs in bank account. But he has :

25 lacs FD
22 lacs insurance policies
10 lacs GP fund.
_____

57 total



Also,yearly income is 35 lacs.

Should I go with these or a sponsorship? Sponsors won't be close relatives but third parties. Would it be wise?

Consultants here in pakistan do not know much. So please give suggestion!

 

[gaba]

Hello people.

I wanted to know that do insurance polices (with surrender value cettificates) count towards proof of financial stability.

My college fees is around 48 lacs pkr. But my father doesn't have even 5 lacs in bank account. But he has :

25 lacs FD
22 lacs insurance policies
10 lacs GP fund.
_____

57 total



Also,yearly income is 35 lacs.

Should I go with these or a sponsorship? Sponsors won't be close relatives but third parties. Would it be wise?

Consultants here in pakistan do not know much. So please give suggestion!

1. Yes, you can add surrender values towards your moveable assets.
2. You have enough funds, i think there is no need to add any other sponsors.