FAQ's

MUTUAL FUNDS

A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc.
Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid.
An equity fund is a mutual fund that invests principally in stocks.
Debt Mutual Funds mainly invest in a mix of debt or fixed income securities such as Treasury Bills, Government Securities, Corporate Bonds, Money Market instruments and other debt securities of different time horizons.
A hybrid fund is a category of mutual fund that is characterized by portfolio that is made up of a mix of stocks and bonds, which can vary proportionally over time or remain fixed. Hybrid fund is a mutual fund that invests in both, shares and bonds.

LIFE INSURANCE

Life Insurance is a contract between the insurance company (insurer) and the policyholder (insured), in which, in return for a consideration (the premium) paid by the insured, the insurer promises to pay a specified amount to the insured on the happening of a specific event such as death, disability or critical illness.
Everyone regardless of their age needs life insurance. It is more important for the bread winner of any family.
Life Insurance helps secure the future income for the family even in the absence of their bread winner and thus securing their present life style and their future dreams.
The term insurance policy has two principal benefits: It has an affordable premium and a high sum assured. Thus, your family is well cared for even in your absence
You have bought and received the company's guarantee that if you die during the term of the policy, it will pay a death benefit to your beneficiary.

HEALTH INSURANCE

Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly.
No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.
In a Family Floater plan all insured members are covered for the same sum insured under a single policy by paying one premium amount. The sum insured for a family floater is the maximum liability for any and all claims made by all the insured members.
An individual health insurance policy means a separate policy for each of the family member with individual sum insured.
By Pre-existing Condition we mean any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to the first policy issued by the insurer.

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