Mutual Fund is a vehicle that enables a collective group of individuals to:
- 1. Pool their investible surplus funds and collectively invest in instruments / assets for a common investment objective.
- 2. Optimize the knowledge and experience of a fund manager, a capacity that individually they may not have
- 3. Benefit from the economies of scale which size enables and is not available on an individual basis
Investing in a mutual fund is like an investment made by a collective. An individual as a single investor is likely to have lesser amount of money at disposal than say, a group of friends put together. Now, let's assume that this group of individuals is a novice in investing and so the group turns over the pooled funds to an expert to make their money work for them. This is what a professional Asset Management Company does for mutual funds. The AMC invests the investors' money on their behalf into various assets towards a common investment objective.
Hence, technically speaking, a mutual fund is an investment vehicle which pools investors' money and invests the same for and on behalf of investors into stocks, bonds, money market instruments and other assets. The money is received by the AMC with a promise that it will be invested in a particular manner by professional managers (commonly known as fund managers). The fund managers are expected to honour this promise. The SEBI and the Board of Trustees ensure that this actually happens.
You will do anything for the ones you love.Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children or other loved ones can continue to enjoy the quality of the life they deserve. Life is unpredictable.
So it is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where life insurance comes in.It can provide some financial peace of mind if the worst were to happen.
WHAT IS LIFE INSURANCE?
Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family's peace of mind. With a life insurance policy in place, you can:
- 1. Provide security to your family
- 2. Protect your home mortgage, loans, credit card borrowings etc.
- 3. Provide finance to your loved ones to achieve their goals in your absence
- 4. Ensure that your family is able to maintain their lifestyle, no matter what happens
- 5. Take care of your estate planning needs
- 6. Look at other retirement saving/investment vehicles
Motor Insurance or vehicle Insurance is all about protecting against financial losses arising out of vehicle usage. With the multifold rise in usage of four wheelers, motor Insurance is also termed as Car Insurance or Auto Insurance. Auto Insurance is one of the most common types of general insurance products.
Car Insurance is mandatory by law and protects you and the people riding in your car from any legal claim or penalty made by a third party. Family members who may drive you car can also be covered through auto insurance. Your car insurance policy is the most important document in your vehicle. Along with comprehensive coverage against physical damage, bodily injury and cover againts third-party liability, your motor insurance brings to you confidence and peace of mind. All this is backed by our superior claims servicing capability and fast settlement record for vehicles insured by us.
CRITICAL INSURANCE
A health insurance plan that covers critical illness means you can insure yourself against the risk of serious illness in much the same way as you insure your car and your house. It will give you the same security of knowing that a guaranteed cash amount will be paid if the unexpected happens and you are diagnosed with a critical illness.
Personal Accident Insurance Policy gives complete financial protection against all accidental occurrences that might lead to death or bodily injury of the insured person. If the accident leads to the untimely death of the Insured, this Policy will provide complete financial security to the Insured's family members.
A Personal Accident Insurance policy covers you against death, permanent disability, permanent partial disability, and temporary total disability. For death and permanent disability - its pays you the total sum insured and for temporary disability it pays you a weekly compensation of around 1% of Sum Insured per week, for 52 weeks.
This is a package insurance which covers the following set of perils:
PERILS COVERED:
- 1. Fire
- 2. Lightning
- 3. Explosion / Implosion
- 4. Aircraft damage
- 5. Riot, Strike, Malicious damage (RSMD Perils)
- 6. Storm, Tempest, Flood, Inundation, Hurricane,Cyclone, Typhoon and Tornado. (STFI)
- 7. Impact by any Rail/ Road vehicle or animal belonging to third parties
- 8. Subsidence / Landslide including rockslide.
- 9. Bursting and / or overflowing of water tanks, apparatus.
- 10. Leakage form Automatic Sprinkler Installation.
Missile Testing Operation.
- 11. Pollution or contamination resulting from any of the above perils
- 12. Any insured peril resulting from pollution and contamination.
- 13. Bush Fire
