Investment & Insurance

Insurance and investments are the two vital part of any financial planning. It is important for you to approach the right financial company at the right time to get the right insurance and investment option that will help you attain your financial goals. This is where we step in.

General Insurance(The New India Assurance Company Limited)

Insurance is a need of time and a crucial element of sound financial planning.

Mediclaim Policy- Having a mediclaim policy is a must as medical expenses are increasing day by day. A basic mediclaim policy offers a wide range of benefits to you and your family. Mediclaim policy covers hospitalization expenses of a policyholder and his family members which will substantially bring down his medical expenses. A policyholder can also avail of some tax benefits under section 80D of the Income Tax Act.

Apart from Family Floater Mediclaim Policy & Top Up Mediclaim Policy we also offer –

  • House Holder’s Insurance

    • This is a package policy specially designed to offer a wide range of covers that are required by a householder.

  • Rural Insurance

    • Rural insurance covers the insurance related to the rural people, their business and their families.

  • Fire Insurance

    • Fire insurance covers damages and losses caused to the property due to occurrence of fire.

  • Jeweller’s Blok Insurance

    • Highlights:

    This is a package policy specially designed for jewellers & diamontaires .

  • Rasta Aapatti Kavach

    • Life is very uncertain and the most unpredictable things can happen on the road. Rasta Aapatti Kavach of New India is a road safety insurance plan that provides the coverage for treatment of the injuries caused in a road accident to the insured as well as offer compensation if there is personal accident.

  • Professional Indemnity Policy

    • Highlights:

    This policy is meant for professionals to cover liability falling on them as a result of errors & omissions committed by them whilst rendering professional services.

    The policy offers a benefit of Retroactive period on continuous renewal of policy whereby claims reported in subsequent renewal but pertaining to earlier period after first inception of the policy , also becomes payable.

    Covers :

    The policy covers all sums which the insured professional becomes legally liable to pay as damages to the third party in respect of any error and/or omission on his/her part committed whilst rendering professional services. Legal cost and expenses incurred in defence of the case , with the prior consent of the insurance company , are also payable , subject to the overall limit of indemnity selected.

  • Travel Insurance
    • Overseas Travel
    Domestic Travel

  • Shopkeeper’s Insurance

    • Highlights:

    This is a package policy specially designed for small shopkeepers . It is a single policy combining the various insurance requirements of shopkeepers. Discount is premium available on multiple covers. It is a single policy combining the various insurance requirements or shopkeepers.

    Only one policy can be taken by one shopkeeper for each shop in specific location having books of accounts. Properties covered : Building contents, loss of profit, money insurance etc.

  • Marine Cargo Insurance

    • Marine cargo insurance insures property while in transit against loss or damages arising from perils .

  • Motor Insurance
    • Vehicles covered :

    Scooters & Motorcycles , Private cars, All types of Commercial vehicles & Motor Trade (Vehicles in showroom & garages)

    Two types of liabilities covered :
    Liability only policy :-

    Covers third party liability for bodily injury and/or death and property damages.

    Package policy :-

    In addition to above , this covers loss or damages to the vehicles insured by accidental external means and allied perils.

  • Office Protection Shield Insurance

    • Highlights:

    Multi Peril policy to meet each & every requirement of office establishments. Can be given to varifont-sizeous professionals like doctors , engineers .

Mutual Funds

Mutual funds are the most preferred ones nowadays as people are now getting aware of the benefits that you get with investing in mutual funds. We cover all types of mutual funds and government bonds. We also work with you as a reliable consultant for your investment planning. Our aim is to let you enjoy your investments and focus on offering you optimum returns. Some of the major benefits of mutual funds include:

  • As you all know, inflation, on an average has been around 5% for the past 20 years or so & investing in Mutual Funds is the best option as it has the potential to give inflation-beating returns.

  • Investment in Mutual Funds is one of the most diversified options which will suit your financial goals. Plan your retirement with mutual funds at an early age & then enjoy the benefits of long term investments after retirement.

  • Investment in Mutual Funds is also one of the best options for securing your child’s future, education, & marriage.

  • Investment in Equity Linked Saving Scheme (ELSS) qualify for tax deduction of up to Rs 1.5 lakh under section 80C of the Income Tax Act.

  • One can choose between the SIP &lumpsum modes for investing in Mutual Funds.

  • Investing in Mutual Funds is the safest option, as they are managed by professional fund managers.

  • Another advantage of investing in Mutual Funds is the ability to sell the funds within a short period of time. It can be liquidated at anytime.

  • One can also invest excess cash lying in bank account in liquid mutual funds. In liquid mutual fund a person can invest his/her money for a short span of time say a week, a month or a year. Returns on such liquid funds are more than what one earns in a saving account.

  • One of the most popular option is  investing in tax saving mutual fund schemes or Equity Linked Saving Scheme(ELSS) .By investing in ELSS funds  one can claim   deduction up to Rs 1,50,000from gross total income u/s 80C of Income Tax Act. Investing in ELSS doesn’t just help you save tax , but also gives you an opportunity to grow your money.

Mutual Fund Types

Mutual Fund Advantages

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