Wednesday, September 20, 2017

ASK

Is it true that I cannot add the critical illness rider beyond a sum?

The total rider premium under all riders put together cannot exceed 30 per cent of the base plan premium

ASK

I wish to start a SWP and invest Rs 10 lakh. Suggest a suitable fund.

You can initiate an STP in any good performing fund from out Stellar List of funds

ASK

Is it right to invest in ICICI Prudential Balance fund in retirement?

You have invested in a good balanced fund which has a proven track record and performance history to go by

ASK

I plan to renovate my house next month. Can I get a loan to do this?

Yes, home improvement loans are available these days that you could opt for

ASK

I have just started my career. Which insurance should I buy at this stage?

Ideally, you should consider an accident insurance and medical insurance before thinking of life insurance

ASK

Is it safe to take a loan from a non-banking financial company?

It really does not matter who is giving the loan as long as the terms on which the loan is given are okay

ASK

Should I redeem my units as I think the market is going to fall before Diwali?

It appears that you are unable to distinguish between real and notional loss and gains

ASK

What factors should be kept in mind while choosing a bank for senior citizens?

Look for core banking facility in the bank as it will help you deposit/ withdraw money from any place

ASK

What is the difference between diversified equity scheme and ELSS?

The only difference between a diversified equity scheme and an ELSS is that the latter offers tax benefits

ASK

Can the bank auto debit money from my account without sending me a notice?

Typically such an action is possible only when you have opted for auto debit on credit card dues