Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.

Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.

Avoid discontinuing your SIPs. Persist for at least 7-10 years.

'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'

'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'

A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.