Friday, February 24, 2017

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

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

ASK

Which schemes do you recommend to invest Rs 1,000 a month in equity-based SIPs?

You should look at investing in a diversified equity fund which has a long-term performance history to go by

ASK

We are not able to find the policy document. Is there any way to file the claim?

These days’ insurers send updates to policyholders on the registered mobile phones

ASK

Which is better – equity or debt fund to invest?

There is a role played by both the asset classes – equity and debt

ASK

What are the tax implications on a property investment for an NRI?

If you decide to let this property out, the rental income from it will be subject to income tax

ASK

Are monthly income plans from mutual funds a good option?

By regulation, dividends from mutual funds are not guaranteed in terms of how much they will pay out every month