ASK

I want life insurance for a period of 10 years. What is the best option?

If insurance is the main consideration, you should go for a term cover

ASK

I am suffering from a blood pressure problem. Can I buy a life insurance policy?

Depending on your medical reports, the insurers may issue a cover that may be subject to special terms & conditions

ASK

I have invested in my wife’s PPF account. Can I claim tax benefits?

You can claim deduction from total income in respect of contributions to any PPF belonging to self, spouse or child

ASK

How do claims get settled under a family floater policy?

The insurers either pay directly to the insured or pay to the hospital or nursing home through a TPA.

ASK

Can I, an NRI repatriate periodic returns & maturity benefits from my policy?

The periodic payments or the amount received on maturity of policies is not repatriable

ASK

I have lost my chequebooks. How can I get a fresh set of chequebooks issued?

The bank will typically take a week from the date you request them to send you a fresh chequebook

ASK

Is the tax benefit of paying premium of a health plan available for my in-laws?

The benefit is not available for health premium payment for in-laws

ASK

How can I calculate the amount of life insurance that I need?

The simplest method is ‘Income Replacement’ method, which is based on your current annual income

ASK

Are there equity funds that also double up as tax savers?

Yes, there is a type of diversified equity fund known as equity-linked savings schemes

ASK

What shares and mutual funds should I invest now to build Rs 10 lakhs?

Start investing regularly through SIPs which will help you benefit from the power of compounding & cost averaging