[Exclusive] Ask me Anything with Myinsuranceclub

which is better single private room or no-room rent cap in a health policy ?

Desidime started selling Insurance ????

@desidealbaba wrote:

can you suggest me some high return investment options. I know risk will be high but its ok.

Tough. High returns is more about market’s performance than about the plan. The charges of the plan do affect your fund.

Anyway, ask for the benefit illustration sheets from 3 companies for the same amount of investment (say 50,000 every year) and for the the same period (say 15 years) and see what is the expected returns at the end of the policy term. You can also visit the websites of these insurance companies and generate the benefit illustration yourself.

Some of the companies you can check are
HDFC Life
ICICI Pru Life
Bajaj Allianz Life

@punitdd wrote:

which is better single private room or no-room rent cap in a health policy ?

Whichever policy gives lower premium
But if I have to pick one then I would go with a no room rent cap

ok let me more specific.

suppose i want to invest 50k right away. Where will you suggest should i invest for high returns. with high returns i means short term investment, i am not looking for 2+ year investment.

@harpy.eagle wrote:

Okay. I shall post here itself. I need insurance for hero honda splendor bought in 1998 (fitness certificate or rc whatever procedure it needs after 15 yrs, is done) with old insurance expired.

Bike condition is very good. Can i get comprehensive insurance or it? If i can get only 3rd party insurance, can i get it online which can be worked out faster?

I kinda need urgent answer if u are following in reatime. Otherwise i am going to national insurance office in few mins.

Tks.

Should i wait for ur reply or get insurance myself

I had taken a ULIP in 2011.
Rs. 50k yearly premium for 5 years.

15 years period

however, the returns right now seem low coz of the market. should I withdraw or let it be there…

@desidealbaba wrote:

ok let me more specific.

suppose i want to invest 50k right away. Where will you suggest should i invest for high returns. with high returns i means short term investment, i am not looking for 2+ year investment.

If the idea is short term investment then do not look at insurance products.
Insurance policies come with a 5-year lock-in period.
And if you try to exit mid way then the surrender charges are huge.

@harpy.eagle wrote:

@harpy.eagle wrote:

Okay. I shall post here itself. I need insurance for hero honda splendor bought in 1998 (fitness certificate or rc whatever procedure it needs after 15 yrs, is done) with old insurance expired.

Bike condition is very good. Can i get comprehensive insurance or it? If i can get only 3rd party insurance, can i get it online which can be worked out faster?

I kinda need urgent answer if u are following in reatime. Otherwise i am going to national insurance office in few mins.

Tks.

Should i wait for ur reply or get insurance myself

I replied to this earlier but anyway.
Insurance for a 1998 mfg two wheeler may not be offered online by any insurer.
It is best to go to the branch (national insurance) if you can.
The process will be much faster.

@rossonero wrote:

I had taken a ULIP in 2011.
Rs. 50k yearly premium for 5 years.

15 years period

however, the returns right now seem low coz of the market. should I withdraw or let it be there…

Once you invest in ULIPs this question will always be on your mind – Whether to Continue or Exit when returns are not good?
For people who have allocated a large amount of their budget to ULIPs I would say Exit and put it in guaranteed-return products.

But for those whom it is not a big part of their income or savings, I would say continue and keep monitoring the market’s performance. ULIPs take 8 to 10 years to grow sometimes.

Thanks to All Visitors who posted their queries.
It was great to receive and reply to the queries.
I hope the answers provided helped each one of you.
On a regular basis we handle insurance queries on our website . Do write to us if required.
Link – http://www.myinsuranceclub.com/ask-an-...rt

Thanks DesiDime!

@myinsuranceclub I heard Kotak Life Insurance is giving good return on Money Back Insurance in Long Term Investment !

Your suggestion !

Ps: My yearly investment will be 60K !

@myinsuranceclub wrote:

@harpy.eagle wrote:

@harpy.eagle wrote:

Okay. I shall post here itself. I need insurance for hero honda splendor bought in 1998 (fitness certificate or rc whatever procedure it needs after 15 yrs, is done) with old insurance expired.

Bike condition is very good. Can i get comprehensive insurance or it? If i can get only 3rd party insurance, can i get it online which can be worked out faster?

I kinda need urgent answer if u are following in reatime. Otherwise i am going to national insurance office in few mins.

Tks.

Should i wait for ur reply or get insurance myself

I replied to this earlier but anyway.
Insurance for a 1998 mfg two wheeler may not be offered online by any insurer.
It is best to go to the branch (national insurance) if you can.
The process will be much faster.

Ok. are you aware whether private insurance company will give comprehensive insurance to 1998 yr motorcycle whose previous insurace has expired. National insurance gives only 3rd party insurance in such case from whatever i know.

I have too many questions to ask,plz bring back @Myinsuranceclub

Q from a friend.

In medical policy if we take insurance from Two or More companies[Not add-on] How will be claim settlement process from those insurance companies

@hese wrote:

Q from a friend.

In medical policy if we take insurance from Two or More companies[Not add-on] How will be claim settlement process from those insurance companies

agent left the discussion .

@Myinsuranceclub did you get a sell ?