Moneycontrol

Chat Transcript

  • Pankaj Mathpal

    11 Oct - 03:00hrs

    Which insurance should one choose?

    Pankaj Mathpal CFP & MD, Optima Money Managers

  • Posted By: guest:

    is maturity amount is taxable or not , if I receive an amount of maturity will it will be included in the income

    Posted By: Pankaj Mathpal

    : Long term capital gain (holding period more than one year) from equity oriented mutual funds is exempted from tax. Short term capital gain is taxable.

    Posted By: guest:

    Is it good to buy term insurance at the age of 25?

    Posted By: Pankaj Mathpal

    : Yes, if your family is financially dependent on you.

    Posted By: guest:

    Need to buy a term insurance for myself.Age-27,income-4 lakhs per annum,non-smoking,unmarried. Need to buy policy for max years.

    Posted By: Pankaj Mathpal

    : Term of the policy should should be chosen in such a way that it covers you till the age of 60 to 65 years. You can consider buying an online term insurance plan.

    Posted By: guest:

    Should I Invest in Health insurance while working in MNC which covers all your medical expenses

    Posted By: Pankaj Mathpal

    : You can consider buying a Top-up plan for additional cover, if needed.

    Posted By: guest:

    I am a 36 year old female smoker running my own business and looking for a Health Cover to take care of lifestyle diseases with a cover of upto 40 lakhs. There are way too many options available and Im having a hard time shortlisting the best plans. Could you help please

    Posted By: Pankaj Mathpal

    : Consider buying Aditya Birla Activ Health plan. In addition to cumulative bonus for each claim free year, plan also offers you reward points in the form of Healthreturns for being active. These reward points are cash equivalent and can be used for buying medicines, paying for any expense that is not covered under the plan or for simply paying your renewal premium. There is no sub-limit in policy.

    Posted By: guest:

    I want to take Health Insurance coverage for Father (64 Yrs-Diabetes ) and Mother (56yrs- Normal health). Already my parents covered by my companys coverage of Rs 2 lacs. Following are questions. 1. How much additional insurance coverage I should take. 2. Should I need to take two different plans for my Father and mother. Because one of them senior citizen. 3. Which companys plan I need to take.

    Posted By: Pankaj Mathpal

    : You should consider buying additional cover as the existing cover doesn`t look adequate. Buy two separate policies for your parents.

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