FAQs

Income Tax Guide

Life Insurance

1.	When can a nomination be done?
2.	How do I surrender my policy?
3.	How do I revive my policy that has lapsed?
4.	What is nomination of the policy?
5.	Can I change my nomination?

Non Life Insurance

1.	What happens if there is a dispute regarding claim settlement between the insured and the insurer?
2.	What happens if at any point of time there are in existence two policies for insurance of a vehicle?
3.	Are accessories and extra fittings of the vehicle covered under the comprehensive motor insurance policy?
4.	Does a third party claim affect the bonus/ malus rate under the comprehensive motor insurance policy?
5.	Can motor vehicles be insured against fire and theft risks only?

Mutual Funds

1.	What if a fund sells a scheme to another fund?
2.	What if a fund decides to end its operations?
3.	What are a fund’s net assets and portfolio?
4.	What’s the advantage of investing in ELSS?
5.	What are Gilt schemes?

Bonds

1.	What are the tax concessions available to RBI Bond holders?
2.	Is the premature encashment of RBI Bonds allowed?
3.	What will be the period of holding for RBI Bonds?
4.	What will be the date of issue of RBI Bonds?
5.	What is the minimum and maximum investment limit for RBI Bonds?