'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
'From our perspective, it will bring additional customers and from their perspective, it will get them younger customers.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'In FY21, as of October, LIC has booked a profit of Rs 18,800 crore through sale of equities.'
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
Bundled products often come with restrictions. The customer also gets locked into two products at the same time. This reduces flexibility.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
The pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Avoid investing in a new ELSS scheme each year. Stick to one well-chosen scheme to avoid clutter in your portfolio.
Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH insurance and AUTO insurance.
The National Commission ruled that a person must opt for a policy and submit the proposal form after acquainting himself with the terms and scope of coverage to determine where it would be suitable and adequate.
People who have recovered from coronavirus infection will have to wait for up to three months before they can take a new life insurance policy, with insurers making the waiting period requirement applicable for coronavirus cases like other ailments. As a standard practice, all life and health insurance companies require people to wait for a specific period with respect to certain ailments and diseases to gauge the risk before selling a policy. This condition of waiting period for people who have recovered from coronavirus infection will be applicable only for life insurance policies.
The Insurance Regulatory Development Authority of India (Irdai), the regulator for insurance companies, is set to allow the insurers to offer wellness programmes along with life insurance policies that can earn reward points for the policyholders. These reward points can be redeemed for getting a discount during renewal. The insurance regulator has circulated draft guidelines to insurance companies for feedback before issuing the final guidelines, as is the norm.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Are you surprised at this title? Well, then read on to find out the truth...
Asset allocation is a difficult job that most people cannot get right. Here's why and how you should correct the flaws.
'If you are a smoker, you should not provide misleading information to the insurer about your smoking habit in the insurance proposal form,' advises Pankaj Razdan.
Stick to low-cost ULIPs launched in the past few years. Go with an insurer with a good investment team and solid track record of long-term returns, suggests Sanjay Kumar Singh.
Rediff reader Murali Krishnan Ambati, 47, from Bengaluru shares an interesting formula to save money.
To reduce the solvency margins on term products and make these products cheaper & popular, The Insurance Regulatory and Development Authority has decided to reduce the solvency margins on term products. Since the term insurance policies provide pure life cover with no maturity/survival benefits they haven't gained popularity with the customers. Insurers currently maintain a solvency margin of 150%. Solvency margin requirements are the prudential norms of capital requirements.
A quick snapshot about the fundamentals of the concept of life insurance.
Though COVID-19 will wreak more damage to the finances of the Indian population, the insurance sector is unlikely to get hurt.
While the proposed new tax regime is optional for taxpayers, the finance minister has said the government eventually wants to do away with all exemptions with a lower tax-rate simplified structure.
Naval Goel explains all that you wanted to know about life insurance but didn't know who to ask
So far, no insurance company in India has come up with a long-term policy on health insurance
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
A term insurance should always be preferred over other insurance products like ULIPs, money back and endowment policies.
There are many reasons why you should not; the main one is that they make money off you.
The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.
While discount brokers have managed to grow at a rapid pace, they have not been successful in capturing substantial market share in the above-40 age category.
There is nothing to worry about while buying an online life insurance plan because the benefits you get are completely genuine and the plans are the same that are available offline, just that you can get them at a much reasonable rate and so you must take advantage of the benefits they provide.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Though very popular, these harm the policyholder's long-term insurance objectives
Plan these investments well rather than just doing random investments at the beginning of the year or rushing in at the end, advises Harshad Chetanwala, co-founder, MyWealthGrowth.
These policies can help you protect against the risk of financial loss.
Now there are hybrid term insurance plans available, which also offer the benefit of 'return of premium' in case the life assured were to live through the tenure of the policy.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances