Friday, September 22, 2017

ASK

Is the motor insurance transferable or can I ask the insurer for refund?

Both the options—transfer of insurance policy or asking the insurer to refund the premium—are available

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

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

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

Can a bank deny money to the nominee after account holder's demise?

They may charge you an exit penalty or pay you a lower interest on the deposit, but they cannot deny you the money

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

Do I need to disclose my smoking habit while purchasing a health cover?

If there is any information sought wherein you have to inform about this habit – please do so and not hide it

ASK

Can I take two separate home loans at the same time for two different flats?

You can borrow from the same lender to fund your dreams to buy two homes

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