FAQ
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Your Queries Answered, Your Future Secured
Get clear, concise answers to all your insurance and investment-related questions. We’re here to help you make informed decisions for a financially secure tomorrow.
Why is health insurance important?
Health insurance provides financial protection against medical emergencies, covering hospital bills, surgeries, and critical illnesses. It ensures you and your family receive quality healthcare without draining your savings. With rising medical costs, health insurance is a must-have for peace of mind and financial security.
What is the difference between term insurance and life insurance?
Term insurance provides high coverage for a fixed period at affordable premiums. It’s ideal for ensuring your family’s financial security in case of your untimely demise. Life insurance, on the other hand, offers lifelong protection with savings or investment components, helping you build wealth over time while providing security.
How can I choose the right investment plan?
Choosing the right investment plan depends on your financial goals, risk tolerance, and time horizon. For short-term goals, consider savings or fixed-income plans. For long-term growth, explore ULIPs or mutual funds. Always align your investments with your future needs, such as retirement or your child’s education.
When should I start retirement planning?
The earlier, the better! Starting retirement planning early allows you to take advantage of compounding and accumulate a larger corpus over time. Even small investments made consistently can lead to a comfortable and stress-free retirement. Ideally, begin planning in your 20s or 30s to build a secure financial future.
What does motor insurance cover?
Motor insurance typically covers:
- Third-Party Liability: Legal and financial protection against damage or injury to a third party.
- Own Damage: Repairs or replacement of your vehicle in case of accidents, theft, or natural calamities.
- Add-Ons: Options like zero depreciation, roadside assistance, and engine protection for enhanced coverage.
How do I benefit from tax savings with insurance?
Insurance plans like life insurance, health insurance, and retirement policies provide tax benefits under sections like 80C and 80D of the Income Tax Act. You can save on premiums paid while securing your future, making insurance a dual benefit of protection and tax efficiency.
