Insurance is a contract between the policyholder and insurer wherein the insurer promises to cover financial loss occurring due to certain unfortunate events. In India, there are two broad categories of insurance: General Insurance which includes Health Insurance, motor insurance etc. Life Insurance which is further divided into categories like ULIP, Term Insurance, Endowment, Annuity etc. 

At Ashish Financial Services (AFS), we provide a wide range of insurance solutions to meet diverse financial needs:

• Life Insurance

• Health Insurance

• Motor Insurance

• Travel Insurance

• Home Insurance

• Commercial Vehicle Insurance

Health insurance offers financial support for expenses that could be related to hospitalization costs, cost of medicines or doctor consultation fees among others. Considering the rising medical inflation, health insurance could be considered a necessity.

The core objective of Life insurance is to provide financial support to the family of the policyholder in case of his/her demise. Along with the death cover, some life insurance policies also come with a saving and investment component. Thus, life insurance is the key to financial security for policyholders and their families in times of uncertainty.

As per the Motor Vehicles Act, it is mandatory for all motor vehicles to have ‘third-party liability’ motor insurance cover in India. Third-party Cover Third-party motor insurance covers damages & losses caused to a third-party i.e. person, vehicle or property. Comprehensive Cover Comprehensive car insurance covers both third-party liabilities and damages to your own car. For eg., Aman met with an accident while driving his car. During the accidents he hits a shop, causing damage to the shop and his own vehicle. If he had a Third Party cover for his car, only the damages caused to the shop will be covered by the insurance company. They will not pay anything for the expenses incurred to repair Aman’s own vehicle. If he had a Comprehensive car insurance, the insurance company would pay for the damages caused to the shop and to Aman’s own vehicle

A rider/add-on is an optional coverage or feature you can add to your insurance policy. Since these are additional features being added to the base policy they come at a very low price.

At AFS, customer needs is top most priority. Detailed information on various insurance policies and their features is provided. Assistance is offered in comparing options to help make an informed decision to choose the right product and best available price point.

The best investment options include:

• Equity Investments: Stocks, Equity Mutual Funds (like ELSS for tax savings)

• Debt Investments: Bonds, Fixed Deposits, Debt Mutual Funds

• Hybrid Investments: Balanced Funds combining equity and debt

• Alternative Investments: Real Estate, Gold, REITs

• Government Schemes: PPF, NPS, Sukanya Samriddhi Yojana

• Choosing the right investment depends on your financial goals, risk tolerance, and investment horizon.

Tax-saving investments are a smart way to reduce your taxable income. Some of the most popular tax-saving options include:

• ELSS Mutual Funds: Deduction of up to ₹1.5 lakh under Section 80C (Refer to Section 80D of the Income Tax Act or contact your financial advisor to understand the maximum deduction)

• Health Insurance Premiums: Deduction under Section 80D

• PPF and NSC: Tax benefits under Section 80C

• Capital Gains Tax Optimization: Holding equity investments for more than a year to reduce tax liability

• By choosing the right investment options, you can save on taxes while achieving your financial goals.

Before investing your hard-earned money, it’s important to evaluate:

• Financial Objectives: Define your short-term and long-term goals

• Risk Appetite: Understand your comfort level with market fluctuations

• Liquidity Requirements: Ensure access to funds when needed

• Tax Implications: Choose tax-efficient investment options

• Diversification: Spread investments to reduce risk

• Market Trends: Stay updated on market conditions affecting returns

Ashish Financial Services (AFS) can guide you in making well-informed and strategic investment choices.

Yes, your investments and insurance policies remain completely safe. Ashish Financial Services (AFS) is a registered distributor of mutual funds and insurance products. We do not hold or manage your money directly. All mutual fund investments are held with the respective Asset Management Companies (AMCs), and insurance policies are issued and maintained by the respective insurance companies in your name. Even if AFS is no longer operational, your holdings stay intact and can be accessed or managed directly through the AMC or insurance provider using your folio or policy number. AFS facilitates transactions and execution—your money is always with the fund house or insurer, not with us.