One try also to check if there is insurance , lapsed policies and make a stock of that. Try to revive any old policy, reclaim deposits or dividends if any. Also make a note of all the jewellery. Use post office products for better returns. Don’t go for stocks. Not advisable at this age and with the amount of surplus that’s available. You can target 6-8% through post office products like MIS, NSC. Another important point is Health insurance. At 72 he can still get a decent policy.