Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 3.9
Article rating: 5.0
Article rating: 4.5
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.3
Article rating: 1.0
Article rating: No rating


Rights Issue Forms and Insurance for Wife

Author: Col Sanjeev Govila (retd)/Friday, February 24, 2017/Categories: Ask the Finapolis

Rights Issue Forms and Insurance for Wife

Two months ago my bank gave rights issue but it was very diffi cult to read the application form. It was in very small letters and I used magnifying glass of my neighbour to understand. Why they cannot print forms clearly and allow us to read? Is there any regulation regarding the process for rights issue? It was lot of tension for me to even understand what to do next because they have not mentioned proper process. 

- A Suman, Mahabaleshwar 

You’re right about this tendency of the companies to save on stationery by trying to fi t too much content on a page, due to which the font size reduces. Unfortunately there’s nothing much that can be done on this count. As far as I know, there is no regulation on the font size in a rights issue letter. Of course, a company should be sensible enough to print the form in a font size which is easily readable by all its intended subscribers. 

You may project this point to SEBI (Securities and Exchange Board of India), who should lay down the minimum size of font on such public communications. 

My wife is a housewife. Is there any need for me to buy insurance for her? I already have policy in my name? 

- Lakshmi Prasad Shastri, Dehradun

Life Insurance is required give financial protection to the dependents in case of unfortunate event of one’s death. Since your wife is not earning, there is no financial dependency of the family on her. Hence, there’s no need for her to take any life insurance. With the same logic, if the family is financially dependent on you, then you need to assess your life insurance requirement carefully and take adequate amount for necessary duration. Take care
not to take any insurance other than a term insurance plan and do not combine investment with insurance.

Print Rate this article:
No rating

Number of views (402)/Comments (0)

Mandar Bakre

Col Sanjeev Govila (retd)

Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free