Recover past investment FAQs

In most of the cases, the investor/claimant has to only visit their bank to get the signatures attested. All other documents are normally available with you or will be prepared by us for your signatures.

In some cases, the investor has to apply for Name Correction to be published in an official Gazette. Or, get a Succession Certificate / Legal Heir Certificate issued. The claimant / investor has to arrange these on his own.

If the Registrar receives all the required documents, the request is always processed. In some circumstances, the Registrar may need some additional documents.  We deposit the Service Charges only after successful processing of the request. You bear only the cost of stamp papers & notarisation for Affidavits & Indemnity bonds till the request is processed.

Not really. The Registrar starts to process the request only after complete documents have been submitted.

 You can call the IEPF Toll Free No. 1800-11-4667 to check the status of your application based on the SRN that was generated after you had uploaded the application.

Medical insurance advisory FAQs

The most common reason for claim rejections is that full disclosure about medical condition / past medical history was not disclosed at the time of applying for the policy. It is of utmost importance that nothing is kept hidden while applying for a medical insurance policy.

The other reasons may be Exclusion Clause or Waiting Period Clause.

There are 2 main reasons to buy a Medical Insurance policy when one is in good health. First, after developing certain illness or disease, the insurance company may reject your application or issue the policy at a higher premium (Loading)

Second, good health does not rule out prolonged & costly hospitalisation in case of an accident or viral infections.

In general, a combination of a small policy of say Rs. 5 lakhs and a Top Up Plan which starts from 5 Lakhs, is cheaper as compared to a single policy of a large amount.

Also, review the features of the basic plan & the Top Up plan carefully to avoid any negative surprises during a claim

A Medical Insurance policy covers the cost of hospitalisation for more than 24 hrs. (and some specified Day Care procedures) where as, a Personal Accident policy covers treatment cost incurred due to an accident. The Personal Accident policy also pays a lumpsum amount on Disability resulting from the accident. If the insured person is unable to attend to work due to the accident, he can claim compensation for loss of income.

Normally, a Medical Insurance Policy in combination with a low-cost Personal Accident policy is a good combination.

A Critical Illness policy will pay a lumpsum amount on the diagnosis of specified Critical illness like Cancer, Heart Disease, etc. The lumpsum amount may or may not be used for treatment purposes. Where as, a Medical Insurance policy will cover the cost of treatment & hospitalisation.

Identifying suitable investments FAQs

I can guide you how to contact the Life Insurance company and how to check the details yourself. We can also book a free 30-min session to help you review the policy features and take a decision.

The desire to Maximize Returns will always lead to disappointment. No Mutual Fund scheme will always remain at the Top. In fact, the Top performing scheme ranking changes every month, if not every week. There is no way of predicting that a particular scheme will be the Top performing over next 1 year or next 3 years.

Analysing an investment product before having a clarity on your own goals is like putting the Cart before the Horse. The suitability of an investment plan can only be judged if one is clear on one’s objectives.

Once the investment objective is clear to you, ask for a written brochure of the plan being suggested by your banker/agent. Complete the 3-step process to evaluate the suitability:

  1. Prepare Date-wise Cash Outflows & Inflows
  2. Calculate IRR using MS Excel Financial Calculator
  3. Do a Sensitivity Analysis

Also, please be extra vigilant if you are being chased to ‘buy’ an investment plan

Yes, there are options where the returns are tax-free as per current tax laws. However, making tax-free investments should never be the only goal. Tax-free investment options have their limitations which may make them unsuitable for you.

The idea should be to compare post-tax returns from various options. A 5% p.a. tax-free return investment is unattractive as compared to a 9% p.a. investment taxable @ 10% 

The losses are only notional (i.e. loss on paper) till you sell and convert them into an actual loss!! The decision will depend on various factors.  Some factors to consider are:

  1. Quality of the companies whose shares you are holding
  2. Underlying portfolio of the mutual funds you are holding, and 
  3. Your time horizon for these investments. 

One must never expect share market linked investments to always show a profit.

No two individuals have the same requirements, temperament and mindset. What seems to be working for someone may not work for you. Also, people will brag about the superior returns but will keep quiet about their losses.

Understand your own goals & situation rather than focusing on the outside to plan your investments.

For youngsters, the most important factor that you should keep in mind is to “Start Early”. You have an investment horizon of 15-20 years or more. Even investing small amounts which remain invested for 15-20 years can build up to significant meaningful amounts.

Dedicate some time to learn a few basic Investment concepts.