Insurance & Investments Forum

Real estate can be a solid long-term investment, offering capital appreciation and rental income, but it requires significant capital and has lower liquidity compared to other investments.

Premiums paid for ULIPs are eligible for tax deductions under Section 80C, and the maturity proceeds may be tax-exempt under Section 10(10D), subject to certain conditions.

Start by assessing your retirement goals, estimate the required corpus, invest in suitable instruments like the ULIps , Guaranteed Income Plans, Retirements Plans and review your plan regularly.(InsuranceNiti Helps to achieve the same)

Evaluate factors like coverage scope, exclusions, premium costs, claim settlement ratio of the insurer, and customer service quality

The main types include health insurance, motor insurance, home insurance, and travel insurance. Professional Liability Insurance for Doctors, Auditor, CAs etc..

Life insurance provides financial security to your family in case of your untimely demise, helps cover debts, and can also act as a tool for savings and investment. ULIPs Can Give upto around 45% return if opted for the right fund and plan. Which we will help you with.

No, The Maturity amount is Not taxable if the annual Premium is upto 5 lakhs and the premiums paid do not exceed 10% of the sum assured.

It depends on your needs. For pure protection, choose Term Insurance. For savings and protection, consider Endowment or ULIPs.

Term insurance covers all causes of death, while accidental death insurance only pays out in the event of an accident​

Generally, term insurance does not provide survival benefits unless you opt for a "Return of Premium" plan, which refunds the premiums if you outlive the policy term

Renewing expired insurance usually requires inspection, and the insurer may apply different terms. It's advised to renew before expiration to avoid penalties​

Porting your health policy is an easy process but again there are many things you need to keep in mind. 1. Through whom you are getting the porting done? you need to make sure that the policy is ported and not issued as fresh because in many cases people do that and hence loosing all the continuing

Yes PEDs can be covered in the health policies if disclosed while opting for an insurance but there is a waiting period of (2 or 3 years ) depending on the products features. The PEDs can be covered from day 1 after paying some extra premium.

Only Third-Party Insurance is mandatory, but keeping in mind the driving situations and rising cost one should have a Comprehensive Car Insurance Policy to minimize the expenses.

People often look for plans offering comprehensive coverage, cashless facilities, and high claim settlement ratios, but thats not it there are many other important things you need to look before opting and insurance.

Mutual funds are subject to market risks, including fluctuations in NAV due to changes in market conditions, interest rates, and economic factors.

ULIPs have a lock-in period of 5 years. Equity Linked Savings Schemes (ELSS) mutual funds have a 3-year lock-in, while other mutual funds may not have a lock-in period but could have exit loads for short-term redemptions.

If we talk about ULIPs it depends on the Advisor that what fund he is opting for there are many funds that provides 45% returns and same is the case with Mutual Funds. In Ulip you have the option to switch funds but in Mutual Funds you don't have the option to switch Funds you have to surrender and

The process typically involves notifying the insurer, submitting a claim form along with necessary documents, and following up as required. Which at InsuranceNiti we will take over your claim and get it done for you.

General insurance provides financial protection against non-life assets such as health, vehicles, property, and travel

A general rule is 10–15 times your annual income or based on your family's future financial needs and liabilities. Rest depends on the lifestyle you wish your loved ones to live.

Most policies offer a grace period (30 days). If you don't pay within this time, the policy may lapse, but you can revive it by paying dues.

Yes, payouts are tax-free under Section 10(10D) of the Income Tax Act. Premiums paid may also qualify for tax deductions under Section 80C

Premiums depend on factors like age, health, lifestyle habits (e.g., smoking), coverage amount, and policy tenure. Smokers usually pay higher premiums

Popular add-ons include Zero Depreciation, Roadside Assistance, Engine Protection, and Return to Invoice cover. More add-ons cover like , key protect, burglary protect etc are also parts of add-ons which you can opt for .

Third-party insurance covers damages or injuries caused to others, while comprehensive insurance includes third-party coverage and also protects your vehicle from damage, theft, or natural calamities

In Health Insurance Depending on the product features, No Claim Bonus increases (20%)* every year and can be used if hospitalized (Base sum insured+NCB) In Motor Insurance 1st renewal you get 20% NCB that is you will get a 20% discount on your renewal premium. and after that 5% Increase every year

Avail Deduction under Section 80D of Rs 25,000 if age below 60Years and Rs 50,000 if above 60years

Questions include whether the process is cashless or reimbursement-based, If its cashless then you need to ask the TPA desk to start with the process but for the reimbursement case you need all the bills and a signed formed by the hospital and then submit the forms to Insurance Company NOTE: For bo

Guaranteed Income For Tomorrow is a life insurance plan with guaranteed benefits to help you achieve your life goals and also provides life insurance cover to take care of your family in your absence. Guaranteed Income For Tomorrow is a savings and protection oriented plan. Life is all about enjoy