Will We Get Back All our Money?

#1
I have some questions (you may think it has crazy questions) are as fallows:-

1.If we invest in private insurance companies and private mutual fund companies in any policies offered by them, if in future that private company closes down permanently and stopped all its operations, will we get back all our money invested/premiums/principal amount invested in them?

2.If we invest in private banks in any accounts or fixed deposits offered by them, if in future that private bank closes down permanently and stopped all its operations, will we get back all our money invested/principal amount invested in them?

Thanks.
 

Atiker

Active member
#2
1.If we invest in private insurance companies and private mutual fund companies in any policies offered by them, if in future that private company closes down permanently and stopped all its operations, will we get back all our money invested/premiums/principal amount invested in them?
If one has "invested" in insurance policies, then its already a loss considering inflation. IRDA rules will make sure that the company/promoter is well capitalized to return the premium minus all "fine-print" charges.

2.If we invest in private banks in any accounts or fixed deposits offered by them, if in future that private bank closes down permanently and stopped all its operations, will we get back all our money invested/principal amount invested in them?
One Lakh per person [or is it per account] is insured. One will get that, but after how much delay, is anybody's guess.
 
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