The first step is to understand that insurance is not an investment tool that could help save income tax but is imperative to cover you from risks.
Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance, speaks to Teena Jain Kaushal about how the general insurance industry is shaping up. Excerpts from an interview-
City-based pricing helps one pay premium as per the cost of treatment in his or her city but with some checks and balances. Here is what all is on offer-
Money Today's esteemed panel discusses and deliberates on the various steps that are needed to be
taken at regulatory, distribution and financial literacy levels in the insurance industry.
Direct plans have a lower expense ratio since they do not engage distributors, hence saving on distribution expenses and commissions paid to the distributors.
Those who can stomach market volatility and have a long-term investment horizon may go for these funds.
Investors should consider dividend plans of equity mutual funds if they need money at periodic intervals.
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