Life insurance is important as it provides financial security to your loved ones in the event of your death, helping them cover funeral expenses, pay off debts, and maintain their standard of living.

The amount of life insurance coverage you need depends on various factors like your income, debts, and financial responsibilities. It is recommended to assess your financial situation and consult with a financial advisor to determine the appropriate coverage.

An Employer-Employee Insurance scheme is an arrangement in which an employer purchases a life insurance scheme for its employees. It means that the ownership of the policy is with the employer and the premiums are paid by the employer, employee is the beneficiary of the policy. This kind of arrangement helps an employer ensure the social security of their employees and also reduces the employee attrition rate. Besides, the premiums paid towards an Employee Insurance scheme can be claimed as business expenses, and hence, the employer can use them to reduce their income tax* outgo.

Key person insurance is designed to pay a life insurance death benefit to a business rather than individual beneficiaries if the insured person dies.

Group Insurance health plans provide coverage to a group of members, usually comprised of company employees or members of an organization. Group health members usually receive insurance at a reduced cost because the insurer's risk is spread across a group of policyholders.

A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group. Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance.

One of the main benefits of a long-term investment approach is money. Keeping your stocks in your portfolio longer is more cost-effective than regular buying and selling.

The workmen's compensation insurance policy is the commercial policy that covers any legal liability of an employee. This labour insurance policy provides compensation to its workmen in case of their demise or an accident during the employment course.

Investing in mutual funds offers benefits like professional management, diversification, accessibility, liquidity, and the opportunity to participate in various market sectors and asset classes.

When you invest in a mutual fund, you buy units or shares of the fund. The value of these units fluctuates based on the performance of the underlying securities held by the fund. The returns generated by the fund are distributed among the investors in proportion to their investment. Please note that these are general FAQs, and the specific questions and answers may vary depending on the insurance company and its policies.