Question 1

What does Growing Wealth Investment do?

Accepted Answer

We are a full-service financial advisory firm helping Indian families with Life Insurance, General Insurance, Mutual Funds, SIP Planning and Wealth Management — backed by 20+ years of experience.

Question 2

Is your advice really free?

Accepted Answer

The initial 30-minute consultation is complimentary. For product placements, we earn commissions from partner insurers/AMCs — disclosed upfront. For fee-based planning, we offer transparent flat fees.

Question 3

Do you serve NRIs?

Accepted Answer

Yes. We have a dedicated NRI desk supporting clients across USA, UK, UAE, Singapore, Australia and more. Digital onboarding — no India visit required.

Question 4

What is the difference between term and whole-life insurance?

Accepted Answer

Term insurance provides pure protection at low cost for a fixed period. Whole-life covers you for life and builds cash value — more expensive. For most, term + separate investments is the more efficient choice.

Question 5

How is claim settlement handled?

Accepted Answer

We assist end-to-end — document preparation, insurer coordination, follow-ups. Most claims are settled within 30-45 days when documentation is complete.

Question 6

What does IRDAI regulate?

Accepted Answer

IRDAI (Insurance Regulatory and Development Authority of India) regulates all insurance companies and intermediaries in India. Our operations follow IRDAI guidelines.

Question 7

What is SIP?

Accepted Answer

SIP (Systematic Investment Plan) lets you invest a fixed amount monthly in mutual funds. It averages your purchase cost across market cycles and leverages compounding.

Question 8

Are mutual funds safe?

Accepted Answer

Mutual funds are professionally managed and regulated by SEBI, but they carry market risk. Returns are not guaranteed. Read: “Mutual Fund investments are subject to market risks.”

Question 9

What is ELSS?

Accepted Answer

Equity-Linked Savings Scheme — a tax-saving mutual fund category under Section 80C with a 3-year lock-in. Historically strong long-term returns.

Question 10

How much can I save under Section 80C?

Accepted Answer

Up to ₹1.5 lakh per financial year through instruments like ELSS, PPF, life insurance premiums, NPS (partial), 5-year tax-saving FDs, and children’s tuition fees.

Question 11

What is Section 80D?

Accepted Answer

Deduction for health insurance premiums — ₹25,000 for self/family under 60, ₹50,000 for parents 60+.

Question 12

How do I start with Growing Wealth?

Accepted Answer

Book a free consultation via the form, phone (+91 94081 33205) or WhatsApp. We’ll schedule a call at your convenience.

Question 13

Do you charge any hidden fees?

Accepted Answer

No. We disclose all commissions and fees upfront. Our fiduciary approach means we recommend only what fits your goals — not what pays us the most.

Question 14

How often will you review my portfolio?

Accepted Answer

Quarterly reviews are standard, with additional touch-points during major life events (marriage, child, job change, home purchase, retirement).

Frequently asked questions.

General

Insurance

Mutual Funds

Tax

Process