Why Choose True Insure?

 A: As an independent financial services provider, TrueInsure's primary commitment is to your best interest. We are not tied to any single insurer or lender, allowing us to compare options across multiple partners and recommend solutions that truly fit your unique needs and goals, rather than pushing proprietary products. 

 A: Our relationship doesn't end after a sale. TrueInsure provides ongoing support including assistance with renewals, policy modifications, claims processing for insurance, and guidance for future financial decisions. We are your long-term financial partner. 

 A: We act as your single point of contact. Our team guides you through the entire documentation process, explains forms in simple terms, helps compile necessary documents, and liaises with financial institutions on your behalf, significantly reducing your administrative burden. 

A: Yes, TrueInsure operates under individual agency channel partner & all necessary licenses and regulations governing insurance intermediaries, loan facilitators, and investment distributors in India. We adhere strictly to regulatory guidelines to ensure transparent and ethical practices. 

 A: Protecting your personal and financial information is paramount. TrueInsure employs robust data security measures and strict confidentiality protocols. All client data is handled with the utmost care and in compliance with data protection laws. 

 A: No Claim Bonus (NCB) is a discount offered on your motor insurance premium for not making any claims in the preceding policy year. It accumulates over years (up to 50%). You can retain your NCB even if you switch insurers, and it's linked to you, not your vehicle. 

 A: Yes, many health insurance plans offer family floater policies that cover you, your spouse, dependent children, and often dependent parents, parents-in-law, and siblings under a single sum insured. TrueInsure can help you find the best family floater options. 

  A: Life insurance riders are optional add-ons that provide extra benefits or coverage beyond the basic policy, such as critical illness rider, accidental death benefit rider, or waiver of premium rider. They enhance your protection and can be highly beneficial, depending on your needs. 

 A: A waiting period in health insurance is a duration during which certain claims are not covered. This includes an initial waiting period (e.g., 30 days for new policies), waiting periods for specific diseases, and for pre-existing conditions. Our advisors explain these clearly to avoid surprises during claims. 

 A: Most insurance policies are annually renewable. For health insurance and term life insurance, renewability is generally guaranteed up to a certain age, provided premiums are paid on time. TrueInsure assists with timely reminders and seamless insurance renewals. 

 A: EMI stands for Equated Monthly Instalment. It's the fixed amount paid by a borrower to a lender at a specified date each month, comprising both principal and interest components, until the loan is fully repaid. Our website features EMI calculators and our advisors can help you understand the breakdown. 

 A: Absolutely. TrueInsure specializes in facilitating business loans for self-employed individuals and SMEs. Lenders assess business vintage, turnover, ITRs, and bank statements instead of salary slips. We connect you with institutions offering flexible terms for entrepreneurs. 

 A: Collateral is an asset (like property, gold, or fixed deposits) pledged by a borrower to a lender as security for a secured loan. It reduces the lender's risk, often leading to lower interest rates and higher loan amounts compared to unsecured loans. 

 A: A loan balance transfer allows you to shift your outstanding loan amount from your current lender to a new lender, typically to avail lower interest rates, better terms, or improved services. TrueInsure helps you compare options and streamline the transfer process for home loan balance transfer and others. 

  A: Each time a lender performs a 'hard inquiry' on your credit report for a loan application, it can slightly lower your credit score. Multiple hard inquiries in a short period can suggest high credit seeking and negatively impact your score. TrueInsure helps you apply strategically to minimize this. 

 A: Compounding is the process where the returns generated from your initial investment are reinvested, and those returns then earn their own returns. Over time, this snowball effect can significantly accelerate your wealth growth. SIPs leverage compounding effectively by making regular investments for extended periods. 

 A: Mutual funds are broadly categorized into Equity Funds (invest in stocks, higher risk/return), Debt Funds (invest in fixed-income securities, lower risk/return), and Hybrid Funds (blend of both). The 'right' category depends entirely on your risk tolerance, financial goals, and investment horizon. TrueInsure provides a comprehensive assessment. 

 A: The Expense Ratio is the annual fee charged by a mutual fund to cover its operating and management expenses, expressed as a percentage of the fund's assets. A lower expense ratio generally means more of your money works for you. TrueInsure considers this when recommending best mutual funds. 

 A: Most open-ended mutual funds offer liquidity, allowing you to redeem your units on any business day at the prevailing NAV. However, ELSS (tax-saving mutual funds) have a mandatory 3-year lock-in period. Some other funds might have exit loads if redeemed before a certain period. 

 A: Portfolio rebalancing is the process of adjusting your investment portfolio periodically to maintain your original desired asset allocation. For example, if equities have grown significantly, you might sell some to reinvest in debt, bringing your portfolio back in line with your risk profile. This helps manage risk and ensures your investments align with your financial goals.