Guide for Policy holders

Guide for policyholders Involve the family: Involve your spouse and other family members in financial decisions. At least make them aware of all your investments and policies. As of now, there are few who involve their spouse in the financial planning process, according to experts. “Some of our clients involve their wives at least on a half-yearly basis in update meetings with us so that they know the basic plan for the family,” said Varun Girilal, co-founder and executive director, Mitraz Investment Advisors. Organise documents: Ideally, you should make a file of all your investments and insurance policies and share it with your spouse. “A good practice is to share inventory or a dossier in one place with all relevant details such as contact number, amounts etc. with the spouse who is not actively involved in the finances,” said Girilal. Put in place a plan: There’s nothing better if you can chart out a plan, that your dependants can rely on after your death. But to do that, you need to have the right amount of sum assured. “A plan or asset allocation that can be followed, and a professional or family adviser to consult with should be suggested,” added Girilal. Read more at www.starhealthdevarajan.com/news/636 for Insurance related services U can always call 98401 77017 Devarajan