ASK

Can the medical expenses be covered under Overseas Mediclaim Policy?

No. Expenses cannot be covered under the Overseas Mediclaim Policy

ASK

Is it advisable to have more than one health insurance policy at a time?

It is advisable to take a higher amount of coverage from a single insurer only

ASK

Will the towing charges for damaged car be covered under car insurance?

If the car is disabled as a result of the damage which is covered under the policy, the towing charges are payable

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What are the best investment options for 3-6 months with maximum returns?

You should park your money either in liquid mutual funds or ultra short term debt mutual funds.

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Can mobile phones be insured?

Yes, mobile phones can be insured against the risks of loss of or damage to the mobile sets

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Do I need a guarantor or security while availing a car loan?

The security for the car loan is your car itself

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Is it right to invest a lump sum amount in one mutual fund?

When investing in mutual funds you should have a financial goal which will determine the type of funds to invest in

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Is it good to invest the idle cash in short term liquid funds?

The move to invest surplus cash in liquid funds is a good move compared to it being retained in a savings account

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Is there any general insurance policy which insures expensive sports kits?

Yes, there is a policy by the name of ‘Sports Insurance’, which is generally issued to amateur sportsmen

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Is it right time to invest in ELSS mutual funds?

There is a lot of difference between saving in a fixed deposit and investing in a tax planning fund