ASK

Is there any penalty applicable for stopping or missing out on SIPs?

There are no penalties or charges in stopping or pausing SIPs by the AMC

ASK

What is the significance of the double accident benefit?

In the event of accident of the insured the legal heirs would be paid a sum equal to double amount of sum insured

ASK

What is the right way to write a Will?

To make your Will stand up in case of a contest—it should be executed in accordance with applicable law

ASK

I paid twice for insurance premium. Will I get refund on duplicate payment?

You have the option to seek refund on the duplicate payment or get it adjusted against your next due premium

ASK

What are the norms to change the nominations under a life cover policy?

Every life insurance company has its procedure to change the nomination

ASK

What is a mortgage redemption plan?

A Mortgage Redemption Plan is a pure protection term insurance policy catering to insure loans

ASK

How can I save and invest to have Rs 20 lakh three years from now?

You should consider funding your studies with a combination of education loan and your savings and investments

ASK

Are money back schemes of life insurance companies better than fixed deposits?

It is unfair and unwise to compare these two contrasting financial instruments

ASK

Should I continue the SIP or switch over to some other fund?

In your retirement you have taken a big risk by investing in a thematic fund in the power sector

ASK

When should I redeem my investments and where can I park the funds?

You can move your investment to a short-term debt fund or a liquid fund to insulate yourself from market risk