faq
Frequently Asked Question
What is a Mutual Fund?
It’s like a common pool where money from many people is collected. This pool of money is then invested professionally in shares, bonds, etc., to earn returns.
How do I make money in a Mutual Fund?
You make money in two main ways:
1. When the value of your investments increases (like a share price going up).
2. When the fund earns dividends or interest and pays it to you
Is my money safe in mutual funds?
All investments carry some risk. Mutual Funds are regulated, but the value of your investment can go up or down depending on the market. There is no guaranteed return.
What is "Premium" and "Claim"?
The Premium is the money you pay every year to the insurance company. The Claim is the request you make to the company to pay for damages after an accident or loss.
What does it mainly cover?
It usually covers the costs of hospitalization (like room rent, doctor’s fees, and treatment costs) and sometimes the costs just before and after you were in the hospital.