Am a budding doctor getting salary of 30000 per month. Which insurance suite for me.?

Question

My income may vary.. But minimum amount is 30000.

Answer 1

HI LIFE INSURANCE CORPORATION POLICES ALWAYS GOOD

Answer 2

It depends on your Need. So many factors determine it. viz,. your age, dependents etc.

Answer 3

Cannot say a straight recommendation.

You should do some homework to select which suits to you and your needs.

The below website is the no.1 in india to explore the world of finance. Go to the websites, WEALTH, MF section and pick one which suits you more. I think you will understand after vising the website. (I am not leading that website. Its of CNBC TV18 networks site.)

Answer 4

its called   send me 5000 a month to insure the safety of your patients  insurance

Answer 5

Congrats !! You are on the right track !!!

Since you have asked a straight question the answer is also ought to be straight : consider a TERM INSURANCE FROM LIC of India. You can get yourself insured for a larger sum with a very low premium. As there is no maturity benefit involved you can shift to any another insurer at any time, if you find them more beneficial.

You can also take insureance against professional risks.

For investment and saving purposes you have various other options. It is advisable to keep investment and insurance seperately.

Have a nice day !!

Answer 6

As you said your income may vary and so will be your needs and your future. Mainly Life Insurance offers a financial protection for your dependentants. But with new companies and new products  changed this concept for a certain extent. for example I have received a lumpsum payment as critical illness cover when I suffered a cardiac problem and my life insurance cover is still on with the same policy. So you have to decide first how much money your dependents need if something happened to your dependents. that is the requred sum insured. get quots from different companies and select the best. u can still ask me once u got the quotes to select the best.

Answer 7

Great performance.  You can invest Rs1,00,000/- per annum in insurance and get income tax benefits.  The best performing private insurance company, regulated by IRDA,an organisation enacted by the Government of India, is ICICI PRUDENTIAL LIFE INSURANCE.  The Best in private sector. The policy is -LIFE TIME GOLD.  There are many options of investment in this policy.  Go to icicipurlife.com and get or download all details.  if need more details, mail me at [e-mail]

Answer 8

Hello Doctor its nioce that you are making high salary every month which is an excess to you as per your question.

I would like to advice you to invest your money in the company where i have invested and getting huge returns from them.I have invested in the capital company which is from chennai its name is svcapital.This is a comopany which collects the funds from the market and invests in stock market on our behalf.

I have invested INR Rs.50,000/- and getting Rs.5000/- per month.I have been issued cheques in advance along with th 20RS lega; agreement stating that you are the member of the said company and ivested so and so amount and will be paid assured amount upon investment for 24 months......

There are many palns in this company you can check it in the website.

What am trying to tell you here si invest in such a feild that gives you returns upon your investment.

As far as the insurance is concerned you can take the policy what ever you want and paying the premiums from the above returns without even disturbing your next months salary.

This insurance policies even dont give you good returns coz they will have surcharges and hidden charges which will be implied upon the withdrawal or upon the maturity.They will provide you hardly 15% to 25%.So make a proper and wise decision.

AM not the promoter of the site.

Answer 9

Hello Sindu

The main purpose of insurance is to protect your loved ones in case of your absence from the scene. It is served best when you take plain term insurance. You can get adequate cover of Rs. 25 Lacs by paying minimal premium of apporx Rs. 700 per month. If you are married and having kids then it makes sense to provide a policy for childrens education.

LIC of India is strongly recommended for simple reason that their claim settlment ratio is 10 times better than any private insurer. This is a fact.

If you need any more info feel free to write to me at [e-mail]