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All about Mutual funds

  1.What is a mutual fund? 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. This fund is managed by experts. 2.How does a mutual fund operate? A mutual fund company collects money from many investors, and invests it in various options like shares, bonds, etc. This fund is managed by professionals who understand the market well, and try to achieve growth by making strategic investments. Investors get units of the mutual fund according to the amount they have invested. 3 . Who are fund managers? Fund managers are experts who have their pulse on the market and decide on the right pick of stocks, debentures, debt instruments, government securities among others to maximize gains on your investment. 4.What is an AMC? AMC or Asset Management Company is the company that runs and manages mutual funds. 5.What is a Systematic Investment Plan (SIP)? A Systematic I...
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Detailed Q & A on Top-up Health Insurance

  1.What is a “Top-up” Health Insurance policy? A “Top-up” health policy is additional coverage for a person/family already having existing health insurance. It is for reimbursement of expenditure which arises beyond a threshold limit of the existing cover. Reimbursement can be one-time hospitalization or recurring during a policy term. 2.What is a ‘Defined Limit’ in the Top-up policy? The ‘Defined limit’ means the amount up to which the health insurance company will not be liable during the policy period. 3.What is the difference between Normal Top-up Policy & Super Top-up Policy? Regular top-up health insurance plan only covers claims when a single claim surpasses the threshold limit, the super top-up plan is similar to top-up plans that enhance your health insurance sum insured. However, the difference is that super top-up plans work on the total medical expenses incurred during the policy year and not on a per-claim basis. 4.Who should consider a ‘Top-Up’ I...
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Health Insurnace Q&A

 Let's Understand  the basics of Health Insurance ..  1.What is Health Insurance? Health Insurance is a type of insurance that covers your hospitalization expenses in the following situations:  a. In case of a sudden illness b. In case of an accident  c. In case of any surgery, which is required in respect of any disease which has arisen during the policy period. 2. What are the benefits of buying a Health Insurance policy? The basic benefits of buying a Health Insurance policy are:  a. Reimbursement for Hospitalization due to illness / disease / surgery. b. Reimbursement for Domiciliary Hospitalization expenses in lieu of Hospitalization. c. Pre-hospitalization expenses d. post-hospitalization expenses  e. Ambulance charges    3. What are different types of health insurance? The major types of health insurance plans available in the market are -  i) Individual Health Plan  ii) Family Floater Plan iii) Critica...
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