Health insurance coverage should be hiked periodically to keep pace with medical inflation, or increase in healthcare costs.

Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.

Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.

Avoid discontinuing your SIPs. Persist for at least 7-10 years.

'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'

'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'

A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.