FAQ

Mediclaim policies cover accident and pre-specified sickness medical expenditures up to a particular sum. Health insurance covers most ailments, including catastrophic illnesses and accidents.

Health insurance is available to those aged three months (for the health floater plan) to sixty-five. The insurer may need a medical check-up before providing the coverage to assess your health.

- A systematic investment plan or SIP is the best method to invest in a mutual fund scheme. SIPs permit the distribution of investments over time by investing a specific, fixed amount at regular intervals. An investor is permitted to initiate or discontinue a SIP at any time.

SIP is a strategy for investing a fixed amount in a mutual fund scheme on a monthly or quarterly basis. Each month or quarter, an investor can invest a predetermined fixed amount in a particular scheme.

First, consider how much risk you will take and look at the scheme's goals and risk levels. Choose an amount to invest and then start a SIP. Get an account at a bank. It also needs to be linked to your account for investments.

Investors pool money to create a mutual fund. Investments are made with this money. The number of units each investor owns determines how much return income they receive. These funds are managed by market specialists.

Depending on the type of fund you are investing in, this may occur. The minimum contribution for one time investment used to be Rs. 5000, but mutual fund companies are now allowing investors to start contributing with just Rs. 100 as SIP in an effort to draw in more customers.

The mutual fund's Systematic Investment Plan (SIP) lets investors invest a fixed amount each month, deducted on the 10th. A lump sum investment is a one-time investment.

Stock and share are pretty much the same thing. They are both parts of the capital of a company that has both stocks and bonds. In India, they were always called "shares," but in the US, they were called "stocks." They both mean about the same thing.

There is no such thing as the optimal time to buy a stock because it all relies on your trading / investment strategy. Traders should purchase when the negative risk is lowest, and investors should buy when the upside potential is greatest.

Algorithmic trading (also known as automated trading, black-box trading, or algo-trading) employs a computer programmed to trade based on an algorithm. The deal can theoretically earn profits faster and more frequently than a human trader.

Life insurance protects the policyholder's family if they die unexpectedly. If you're the only earner in your family, you need to make sure they're taken care of even when you're not. Therefore, you must buy a life insurance policy that provides a sustainable future in the event of your death.

Yes, under Section 80 C of the Act of 1961, tax benefits are available in the form of a deduction for taxable income of up to INR 150k per year for each payer.

Yes, there are many ways to pay your premiums through insurance companies. Payment options for the premiums include monthly, quarterly, half-yearly, and annual payments. A one-time premium payment option is also offered with some policies.

Peer-to-peer lending, also called P2P lending, is a type of financial technology that lets people lend  or borrow money from each other without going through banks.

Yes, insurance companies offer many ways to pay your payments. The rates can be paid every month, every three months, every six months, or every year. Some plans also allow you to pay the premium all at once.

The main difference between term insurance and traditional life insurance is that term insurance only pays out a death benefit if the insured dies during the term, while a traditional life insurance contract pays out both a death benefit and a maturity benefit.

NAV stands for "Net asset value." It is the price at which buyers can buy or sell units of a mutual fund. It's important to know that the NAV of most mutual funds is updated every day after work hours. Since all trades in a mutual fund can only happen at the prevailing NAV, the cost of buying a SIP instalment is the prevailing NAV.