How much time do insurers take to settle a death claim?
Period of settlement depends on insurance company's verification process
What should be the ideal term of a life policy?
Ideally, it should be equal to the number of years your family is likely to remain financially dependent on you.
Is investing in multiple mutual funds a good idea?
Plan a tenure before investing and keep a regular check on the progress made by the investments
Do you need an additional motor insurance if you are moving out?
A comprehensive car policy covers you against loss or damage to the vehicle while in transit
How to encash dollar cheques?
Sending money through electronic transfer can directly be credited into savings account
After the claim is paid, will the sum insured reduce?
Once a claim is paid, the sum insured on that asset automatically falls by the amount of claim paid in that year.
Can a trust be formed to lower the tax burden?
The income from the money transferred by you will be taxable in the hands of the beneficiary of the trust
What is to be done when the bank changes the account type?
Banks are required to notify the customer of any changes to the service standard
How long should one remain invested in an SIP?
There is no need to make a further timing decision in an SIP
What is the kidnap and ransom policy?
Corporates securing employees working in risk-prone areas
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