Life Insurance is a contract between the insurance company (insurer) and the policyholder (insured), in which, in return for a consideration (the premium) paid by the insured, the insurer promises to pay a specified amount to the insured on the happening of a specific event such as death, disability or critical illness.
Everyone regardless of their age needs life insurance. It is more important for the bread winner of any family.
Life Insurance helps secure the future income for the family even in the absence of their bread winner and thus securing their present life style and their future dreams.
The term insurance policy has two principal benefits: It has an affordable premium and a high sum assured. Thus, your family is well cared for even in your absence
You have bought and received the company's guarantee that if you die during the term of the policy, it will pay a death benefit to your beneficiary.
The person who has an "insurable interest" on your life can purchase an insurance policy for you. This generally includes members of your immediate family. In some circumstances your employer or business partner might also have an insurable interest.
Married Women’s property act 1984 (MWP Act) was created to protect the properties owned by women from relatives, creditors and even from their own husbands.
The Act was enacted to safeguard interest/properties owned by married women from creditors, relatives (including husbands), and court and tax attachments.   Section 5 and 6 of the MWP act covers life insurance plans.
Any married man can take a life insurance policy under MWP Act. This includes divorced persons and widowers. The policy can be taken only on one’s own name , ie the life assured has to be the proposer himself. Any type of plan  can be endorsed to be covered under MWP Act.
The beneficiary under MWP act in life insurance could be:
  • The wife alone
  • The child/ children alone (both natural and adopted)
  • Wife and children together or any of them
At the time of making the application, a separate from has to be filled by the proposer for it to be covered under MWP Act. The form will seek details of the beneficiaries, the share of the benefits that are to be accrued to them and the trustees. 


A mutual fund is a financial instrument that collects money from several investors like you, and invests it in various investment options like shares, bonds, etc.
Depending on where your money is invested, mutual funds can be classified into three types: Equity, Debt and Hybrid.
An equity fund is a mutual fund that invests principally in stocks.
Debt Mutual Funds mainly invest in a mix of debt or fixed income securities such as Treasury Bills, Government Securities, Corporate Bonds, Money Market instruments and other debt securities of different time horizons.

A hybrid fund is a category of mutual fund that is characterized by portfolio that is made up of a mix of stocks and bonds, which can vary proportionally over time or remain fixed.

Hybrid fund is a mutual fund that invests in both, shares and bonds.

In a mutual fund a professional manager chooses investments that match the fund's goals for risk and return. Through mutual fund an investor holds a variety of investments which can make it easier for him to diversify his investments in different shares and other instruments.

Some of the major benefits on investing in a mutual fund are: - Diversification - Professional management - Convenience - Liquidity - Variety of schemes and types - Tax benefits

NFO stands for a New Fund Offer. When a new fund is launched for investors, it is known as a NFO. A NFO could also be the launch of additional units of a close-ended fund

Systematic Investment Plan (SIP) is an investment vehicle offered by mutual funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.

Investing in SIP offers two major benefits: - You can start investing with a small amount - You can average out your investment, as SIP involves buying units at different points of time and at different NAV levels
NAV stands for Net Asset Value of a mutual fund. This is basically the price of one unit of a mutual fund.
Liquid funds are mutual funds that offer high liquidity. This means, the units of these funds can be sold immediately, and the invested amount can be redeemed quickly

You can buy units of close-ended mutual funds only when a mutual fund company launches the fund. Once you buy them, you have to hold your investment for a fixed tenure

An open-ended fund or scheme is one that is available for subscription and repurchase on a continuous basis. These schemes do not have a fixed maturity period. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices which are declared on a daily basis.

Under a Systematic Withdrawal Plan (SWP), an investor redeems a fixed number of mutual fund units at regular intervals.


Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly.

No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits. Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.

In a Family Floater plan all insured members are covered for the same sum insured under a single policy by paying one premium amount. The sum insured for a family floater is the maximum liability for any and all claims made by all the insured members.

An individual health insurance policy means a separate policy for each of the family member with individual sum insured.

By Pre-existing Condition we mean any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice/ treatment, within 48 months prior to the first policy issued by the insurer.

Pre- and Post-hospitalization expenses cover all medical expenses incurred within 30 days prior to hospitalization and expenses incurred within 60 days post hospitalization provided the expenses were incurred for the same condition for which the Insured Persons hospitalization was required.

A waiting period is the length of time the insured have to wait before being eligible for Health Policy benefits

With rapidly changing demographics and lifestyles prevalence of critical illness is on the rise in India. With rise in life expectancy and chronic nature of critical illness there is a requirement of additional funds to afford high medical costs for treating such critical illnesses. Our policy covers 8 most common critical illnesses where an insured member is compensated by a lump sum payment.

Your employer will cover your medical expenses only as long as you are in his services. On your leaving the company due to retirement or any other reasons you and your family will be stranded if a medical emergency arises and you do not have an alternative health insurance policy.

Depending on the extent of the cover you buy your health insurance will cover medical benefits such as tests, drugs and treatment services. The insurance company agrees to cover the cost of certain benefits listed in your policy. These are called "covered services.
AJAY GOYAL C/O ASTHA INVESTMENT Regd.Office: Kushwah Bhawan, Pipli Chouraha,Bijainagar District- Ajmer Raj. PIN CODE -305624