FAQ

Many people believe their savings, fixed deposits, or investments are sufficient to protect their family. In reality: savings are built slowly, emergencies happen suddenly, market-linked investments fluctuate, and loans do not disappear. Without life insurance, families are often forced to break long-term investments, sell assets under pressure, compromise education or lifestyle, or depend financially on others. Life insurance creates instant financial certainty — something no investment can provide immediately.

Life insurance is essential for anyone whose income supports others. You need life insurance if: your family depends on your income; you have children or plan to have children; you have loans (home, personal, business); you want your spouse to remain financially independent; or you support parents or other dependents. Even single individuals may need life insurance if they have financial dependents, plan future responsibilities, or want to lock low premiums early. Life insurance is about responsibility, not age.

There is no universal "right amount" of life insurance. The correct coverage depends on: annual income, number of dependents, lifestyle expenses, outstanding liabilities, future goals, and existing assets and insurance. A common mistake is choosing coverage based on what premium feels affordable, what someone else bought, or what an agent suggested. At FinPilot, we calculate coverage using a responsibility-based approach, ensuring your family can replace income, repay liabilities, fund future goals, and maintain dignity and stability. Underinsurance is one of the biggest financial risks in India.

Term insurance provides pure life cover for a defined period with no maturity value — it keeps premiums low and coverage high; it is the most important product for most families. Traditional plans combine life cover with long-term savings and prioritise capital protection and predictability. ULIPs combine life insurance with market-linked investment and require long-term commitment. Whole life insurance provides coverage for the entire lifetime, often up to age 99 or 100, used for legacy and estate protection. Child insurance plans ensure a child's education and milestones remain protected with features like waiver of premium. Each type serves a different need; suitability depends on your goals and life stage.

Life insurance should not be bought once and forgotten. Review is required when: income changes, marriage or childbirth occurs, loans are taken or closed, or major lifestyle changes happen. Periodic review ensures coverage remains adequate and relevant.

At FinPilot, life insurance advice begins with understanding your life, not selling a policy. Our approach: (1) Responsibility assessment, (2) Coverage calculation, (3) Product comparison across industry, (4) Clear explanation of pros and cons, (5) Long-term support and review. We recommend only what we would choose for our own families.

General insurance exists to solve a cash-flow shock problem, not a wealth problem. Most financial setbacks are caused by sudden, unplanned expenses such as: hospital bills, accident-related repairs, fire or natural disaster damage, legal liability claims, and business interruptions. These expenses arrive without warning, in large amounts, at the worst possible time. General insurance works by transferring this financial shock from the individual to an insurer in exchange for a known, affordable premium. You replace an uncertain large loss with a certain small cost.

Health insurance is unique because: everyone will eventually use it, costs increase faster than inflation, and medical decisions are time-critical. Healthcare inflation in India consistently outpaces income growth. This makes self-funding healthcare increasingly unrealistic over time. Health insurance protects not just money — it protects choice and dignity.

Claims fail due to: non-disclosure, underinsurance, policy wording ignorance, delayed intimation, and documentation gaps — not because insurers "don't want to pay". At FinPilot, we help you understand policy language, identify hidden risks, match coverage to real exposure, and support claims logically. Insurance works best when chosen calmly, not during crisis.

Mutual funds are not shortcuts to wealth. They are structured investment tools designed to help individuals grow money over time by participating in financial markets in a disciplined and diversified manner. In simple terms, a mutual fund collects money from many investors, invests it across shares, bonds, or other securities, is managed by professional fund managers, and allows individuals to invest without directly managing markets. At FinPilot, we position mutual funds as long-term planning instruments, not trading products.

A Systematic Investment Plan (SIP) allows you to invest a fixed amount at regular intervals. SIP does not eliminate market risk; it helps manage behavioural risk. SIP benefits include: investment discipline, rupee cost averaging, and reduced emotional decision-making. Mutual funds are most effective when they are planned, not randomly selected.

FinPilot brings all essential financial services together, so clients don't need to manage multiple advisors or conflicting opinions. Our core services include: Life & Health Insurance Planning, General & Motor Insurance, Mutual Funds & SIP Planning, Retirement & Tax Planning, and Risk Management & Wealth Protection. Every solution is designed to be practical, transparent, and focused on long-term financial stability.

Clear and honest advice without pressure; one advisor for complete financial clarity; solutions built around real family needs; and ongoing support beyond policy issuance or investment execution. We believe relationships matter more than transactions. That's why we stay involved as our clients' lives and goals evolve.

We don't aim to sell financial products. We aim to earn trust. FinPilot stands for responsible planning, dependable guidance, and peace of mind — so our clients can focus on living their lives, while we help them plan it better.

Life insurance and certain investments offer tax benefits under prevailing laws, subject to conditions. However: tax benefits should never be the primary reason to buy insurance or invest; rules change over time; and suitability must come first. At FinPilot, tax efficiency is considered after protection and goal needs are addressed.