Saturday, April 29, 2017

INSURE

Do I need health insurance?

Health insurance is needed to protect the financial impact incur when one get unwell.

ASK

What are the main features of money back policies?

These are endowment plans that periodically return a certain percentage of the sum assured over the plan’s term

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

INSURE

Scope of cover

When buying a health insurance policy know what you are covered for and what you are not

INSURE

Lump sum or staggered?

It is good to receive a portion as upfront and the rest as annuity, says Sadagopan.