Frequently asked questions
Questions About Investments and Insurance
Plain-language answers to common questions. Product terms and personal circumstances still need individual review.
What is a mutual fund?+
A mutual fund pools money from investors and invests according to a stated objective. Returns are market-linked and are not guaranteed.
What is an SIP?+
A systematic investment plan is a way to invest a chosen amount in a mutual fund at regular intervals. It supports discipline but does not assure a return.
Can I invest a lump sum instead?+
Some schemes accept one-time investments. Whether that approach is appropriate depends on the goal, time horizon, liquidity and willingness to accept market movement.
What should I compare in health insurance?+
Consider who is covered, sum insured, waiting periods, exclusions, co-payments, room-rent rules, network hospitals, renewability and claims procedures.
What is the difference between third-party and comprehensive car insurance?+
Third-party insurance addresses covered liabilities to third parties. Comprehensive insurance generally adds own-damage protection for specified events, subject to policy terms.
What does financial planning include?+
It can connect goals, cash reserves, investments, retirement, education needs, insurance protection, asset allocation and periodic reviews.
What happens in a consultation?+
We begin by understanding the requirement, review relevant circumstances, explain suitable categories and next steps, and assist with implementation where applicable.
Do you guarantee investment returns or claim approval?+
No. Investment returns are not guaranteed, and insurance claims are decided by the insurer according to the issued policy terms.
Need Help With Your Investments or Insurance?
Talk to Alliance Investment Associates about your requirements.