Monday, February 27, 2017

ASK

Which fund options should I opt for while buying a Ulip?

For getting maximum returns, you need to constantly compare the performance & returns of the various funds offered

ASK

What are the risks covered under a comprehensive car insurance policy?

A comprehensive car insurance policy covers any loss caused to the vehicle due to an accident or any other damage

ASK

Can a life cover work as a collateral security for a loan?

Collateral security helps in securing the loan and is usually not considered for determining the amount of the loan

ASK

What is under insurance? How does it affect the claims?

In case of general insurance, under insurance plays a crucial role

ASK

How can I restart operating a bank account?

You will need all the necessary documentation to get the KYC done in case of this account

ASK

What is the advantage of buying a term policy?

The biggest advantage of a term policy is that one gets adequate insurance for a cheap premium

ASK

Can I nominate my two minor children for my life insurance policy?

If your children are still minors and you didn’t name an appointee, the claim proceeds will go to your legal heirs

ASK

Should I still go for second home after the Rs 2 lakh cap proposed?

Tax benefits should not be the only factor based on which you should buy a property

ASK

Is it advisable to invest for long-term or short-term mutual funds?

Stick to investing based on how far your financial goals are

ASK

What is the basis of valuation of a car for the purpose of insurance?

Normally, the amount proposed by the vehicle owner becomes the sum insured if the insurer accepts it