Signature Wealth

You will do anything for the ones you love.Thinking about why you need life insurance can be an emotional and stressful task. However, life insurance is one of the most responsible decisions you can make to help ensure that your spouse, children or other loved ones can continue to enjoy the quality of the life they deserve. Life is unpredictable.

So it is important to ensure that your family and loved ones are taken care of financially in case something should happen to you. This is where life insurance comes in.It can provide some financial peace of mind if the worst were to happen.

What is Life Insurance?

Life insurance offers a way to replace the loss of income that occurs when someone dies. Life insurance is insurance for you and your family's peace of mind. With a life insurance policy in place, you can:

•  Provide security to your family
•  Protect your home mortgage, loans, credit card borrowings etc.
•  Provide finance to your loved ones to achieve their goals in your absence
•  Ensure that your family is able to maintain their lifestyle, no matter what happens
•  Take care of your estate planning needs
•  Look at other retirement saving/investment vehicles

Health insurance is the insurance which protects from any health emergencies & incurred hospitalization expenses. In this busy and hectic life everybody should have a health insurance policy which can be very useful in emergencies. Health insurance also known as mediclaim policy means medical policy which have the same meaning.
Why Mediclaim policy needed?

•  Every human suffers from some illness or injury in lifetime.
•  Emergencies or illness can come anytime without giving any warning.
•  There are no good facilities in government hospitals whereas private hospitals are too expensive.
•  Doctor’s fees, diagnostic charges as well as the medicines value are too expensive. Health is wealth.

When should we take mediclaim policy?

Young age, yes this is the right reply for this question because the premium tends to increases with the age and insurance companies gives “no claim bonus” for every year in which no claim is taken against insurance policy. Also this policy also comes with tax benefit of 80D of income tax.

General Insurance

Health insurance is the insurance which protects from any health emergencies & incurred hospitalization expenses. In this busy and hectic life everybody should have a health insurance policy which can be very useful in emergencies. Health insurance also known as mediclaim policy means medical policy which have the same meaning. Why Mediclaim policy needed?

•  Every human suffers from some illness or injury in lifetime.
•  Emergencies or illness can come anytime without giving any warning.
•  There are no good facilities in government hospitals whereas private hospitals are too expensive.
•  Doctor’s fees, diagnostic charges as well as the medicines value are too expensive. Health is wealth.

When should we take mediclaim policy?

Young age, yes this is the right reply for this question because the premium tends to increases with the age and insurance companies gives “no claim bonus” for every year in which no claim is taken against insurance policy. Also this policy also comes with tax benefit of 80D of income tax.

Mutual Fund is a vehicle that enables a collective group of individuals to:

a) Pool their investible surplus funds and collectively invest in instruments / assets for a common investment objective.

b) Optimize the knowledge and experience of a fund manager, a capacity that individually they may not have

c) Benefit from the economies of scale which size enables and is not available on an individual basis

Investing in a mutual fund is like an investment made by a collective. An individual as a single investor is likely to have lesser amount of money at disposal than say, a group of friends put together. Now, let's assume that this group of individuals is a novice in investing and so the group turns over the pooled funds to an expert to make their money work for them. This is what a professional Asset Management Company does for mutual funds. The AMC invests the investors' money on their behalf into various assets towards a common investment objective.

Hence, technically speaking, a mutual fund is an investment vehicle which pools investors' money and invests the same for and on behalf of investors into stocks, bonds, money market instruments and other assets. The money is received by the AMC with a promise that it will be invested in a particular manner by professional managers (commonly known as fund managers). The fund managers are expected to honour this promise. The SEBI and the Board of Trustees ensure that this actually happens.

Typical classification of mutual fund schemes on various basis:

Tenor refers to the 'time'. Mutual funds can be classified on the basis of time as under:

1.Open ended funds

These funds are available for subscription throughout the year. These funds do not have a fixed maturity. Investors have the flexibility to buy or sell any part of their investment at any time, at the prevailing price (Net Asset Value - NAV) at that time.

2.Close Ended funds

These funds begin with a fixed corpus and operate for a fixed duration. These funds are open for subscription only during a specified period. When the period terminates, investors can redeem their units at the prevailing NAV.

1.Equity funds

These funds invest in shares. These funds may invest money in growth stocks, momentum stocks, value stocks or income stocks depending on the investment objective of the fund.