Opting the health insurance and paying it via FD recurring income.

[veersinghsharma]

Hi everyone

I am veer age 22 just graduated and hence i want to buy health insurance asap and my job is not stable yet.

But i have some spares money around 2 lakhs. I want to FD of it and pay my health insurance policy instalments via this FD interest


Is is possible or should i do something else ?

I am non smoking nor drinking not bad habbits guy so the insurance instalment amount should be less i gusse.

i have zero knowledge on these area trying to seek help from amazing community

Thankyou Bekifaayati team for creating this platform

 

[Gajendrakumar]

If you want to get a Health insurance, check out policy bazaar site.

Paying your monthly health insurance dues by your FD is not advisable since you will receive FD Interests only after maturity of certain period of time.

But there is other way.

Coming to Bonds, there is many advantages compared to FD.

1. More interest than FD.
2. Quarterly interest to your bank account.
3.Less risk compared to stock markets.
4. You are safe if you holding Bond till your maturity.

There are many bond sites are selling through online.

1.Golden pi
2.Bondsindia
3.Thefixedincome
4.Indiabonds

Before investing in bonds, check with your personal financial advisor on your own.

 

[Isha Nigam]

F.D is not option of getting insurance in HDFC bank there is one plan you can pay in monthly basis and according your pocket more information message me thanku

 

[veersinghsharma]

I am just thinking to park some money so automatically it should deduct eventually i will add more money to that account/investment/westing account