FAQs
Frequently Asked Questions
Answers to common questions about insurance, investments, planning and working with WealthBay.
FAQs · Insurance
Insurance
Which insurers do you work with?
We work with 20+ insurers across life, health and general insurance — including Axis Max Life, ICICI Prudential Life, HDFC Life, Bajaj Allianz, Tata AIA, Niva Bupa, Care Health, Star Health, Tata AIG, ManipalCigna, HDFC ERGO, ICICI Lombard, Cholamandalam MS, SBI General, Go Digit, Future Generali, Reliance General, Kotak General, United India and Oriental Insurance.
How much life cover do I need?
It depends on your income, loans, dependents and goals. A common rule of thumb is 10–15 times annual income, but we'd rather work it out with you based on your actual responsibilities.
Will you help me if I need to make a claim?
Yes. We help with claim intimation, documents and follow-up with the insurer. The claim decision is made by the insurer under your policy terms. See Claims Support for the process.
Can I port my health insurance to another insurer?
Health insurance portability is permitted under IRDAI rules, generally at renewal, and continuity benefits such as waiting-period credit may carry over subject to the new insurer's underwriting. We can help you evaluate whether porting makes sense.
FAQs · Investments
Investments
Is WealthBay registered to distribute mutual funds?
Yes. WealthBay Private Limited is an AMFI-registered Mutual Fund Distributor, ARN 29566. Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Which AMCs can I invest with through you?
We provide access to mutual funds across all major AMCs in India, subject to availability and distribution arrangements.
What is the minimum amount to start a SIP?
Many schemes allow SIPs from a few hundred rupees a month; the minimum is set by each scheme and is stated in its documents.
Do you offer PMS, IPOs, AIFs, REITs, bonds, NCDs and MLDs?
Yes. We help eligible clients access PMS, IPOs, AIFs, REITs & InvITs, bonds, NCDs and market linked debentures, explaining what each is, who it may suit, its risk level, minimum investment and taxation. PMS (₹50 lakh minimum) and AIFs (₹1 crore minimum for most investors) are suitable only for certain investors.
Are returns guaranteed?
No. Market-linked investments can rise or fall in value, and past performance does not guarantee future returns. We'll always explain the risks of a product before you invest.
FAQs · Planning
Planning
What does financial planning with WealthBay involve?
We follow Protect → Plan → Invest → Review → Grow: understand your protection needs and goals, plan your finances, select suitable solutions, and review periodically as your circumstances change.
Do you file income-tax returns?
No. We help with tax-efficient investing and insurance choices, but we are not chartered accountants. Please consult a qualified tax professional for filing and specific tax advice.
Are the calculators on your site accurate?
They give illustrative estimates based on the assumptions you enter. Actual results will differ; returns are not guaranteed.
FAQs · General
General
Is the first consultation free?
Yes — the first consultation is free and comes with no obligation.
How does WealthBay earn?
As a distributor we may receive commission from product providers (insurers, AMCs and issuers) when you buy a product through us. Ask us about the commission on any product we discuss.
Where are you located?
We're based in Bengaluru and serve clients across India by phone, WhatsApp, email and video calls.
How do I raise a complaint?
Please see our Customer Support page for the grievance redressal process and escalation contacts.
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We're happy to answer anything not covered here — no obligation.