'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'

'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'

Do not keep a large portion of your long-term portfolio in FDs.

'Avoid rushing into any financial transactions or disclosing personal information.'

'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'

Customers who possess gold jewellery but are either being denied a personal loan or are being asked for a high interest rate due to their poor credit profile may consider a gold loan.

If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.

While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.

If you are overweight on fixed-income instruments, go for ELSS, and vice versa.

Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.

Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.

Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'

Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.

Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.

Cardiac patients whose proposals for a regular health insurance plan get turned down should apply for a cardiac-specific plan.

Choose a higher sum insured if you are going on a long trip, and if your age is above 45.

'Try to buy a policy with a lower sum assured or one with a deductible.' 'Those whose spouses work for companies must get themselves enrolled into the employer's group health cover.' 'Some public sector banks also offer group health covers to those who open a savings account with them.'

Instead of being guided only by returns, investors should also factor in the risks of lending on these platforms.

During the trip, check your bank account and credit card statements regularly for unauthorised transactions.

The choice should depend on the size of the retirement corpus, stage in life, and state of health.