Post all your financial planning queries here Part-2

Re: Need info on good investment plan

Which one is offering gud retirement plan and mediclaim plan???

 

Re: Post all your financial planning queries here

YYYY...????!!! no one reply me...k...

 

Re: Post all your financial planning queries here

Dear Ooviya
With regard to Medi claim and Personal accident insurance you take it from New India Assurance if you are married you both can take combined one and the amount will be 17 K to 20 K per year.

As far as your retirement plan it depend upon your age. You have good options in LIC and HFDC as you know LIC is Govt. and HDFC seems they are doing well with regard to insurance.

kantha

 

Re: Post all your financial planning queries here

Thanks Kantha... i will check it out ....

 

Re: Post all your financial planning queries here

Hi,

Investment in KVP is gud plan for long term??? shall v get tax exemption???

 

Re: Post all your financial planning queries here

hi Shaishav,

Can You please advise me??the query i have posted is on page2

Thanks

 

Re: Post all your financial planning queries here

Thanks a lot for ur explanation. But we have mediclaim in our office...Do we need to take apart from it?

Please provide me some more info on SIP, its returns like that. I m interested in going to it.

Which bank SIP is providing good returns. Please help me with your answers.

 

Re: Post all your financial planning queries here

I have confirmed with the banks on this one!! Yes after investing for the mandatory period on certain MFs you can leave them there in your account. As long as you are the nominee/beneficiary of the MFs or the person on whose name the MF is started, you can cash it out any time.

For certain MFs usually there is a penalty if you withdraw the amount before certain time period i.e called the exit load or the penalty fee...so ensure that you are investing in the MF atleast for the time period thats mandatory i.e 12 months or in some cases its 15 months....and then you can discontinue investing in it after that mandatory period. and still your money will be safe as long as you have the folio number and pin with you...keep track of it..or else the MF papers.

 

Re: Post all your financial planning queries here

Are we fetching any benefits for the amount lying in this account after mandatory period ? If not so, the we can redeem it and keep it in savings account or FDs so that we can earn interest. Hope I am clear now.:bonk

 

Re: Post all your financial planning queries here

Hi

Please reply for my query ..?

Also can you please tell me about SIP and how much we need to pay every month? Returns? How many yeards need to pay like that?