1. Indeed simplicity is the best option, considering the ridiculous bouquet of plans & options that create what Dilbert would call “Confusopoly”, while ignoring the common retail invester.
    I should add some caveats –
    index fund with expense ratio below 1% & tracking error below 1% (unfortunately we don’t have any options line Vanguard to give expense ratio below 0.2% & tracking error below 0.1%),
    term insurance (preferably single premium, if you can put up the lump-sum cash) with lowest premium from a solvent insurer,
    savings bank account with minimum AQB and online access,
    debit card with real fraud protection (not the ones who take responsibility only after report of loss is registered).

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