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Ans: Given your need for regular monthly income and reasonable returns, investing in a combination of fixed income and dividend-paying assets could be suitable. Here are some options to consider:

Dividend-paying Stocks: Invest in established companies with a history of consistent dividends. Look for sectors known for stable payouts, such as utilities, consumer goods, and pharmaceuticals.
Dividend-oriented Mutual Funds: Choose mutual funds that focus on dividend-paying stocks. These funds typically provide regular income distributions while also offering potential for capital appreciation.
Fixed Deposits (FDs): Consider investing a portion of your funds in fixed deposits with banks or non-banking financial institutions. FDs offer fixed returns over a specified period, providing stability to your portfolio.
Debt Mutual Funds: Invest in debt mutual funds, which primarily invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments. These funds offer relatively stable returns compared to equity investments.
Systematic Withdrawal Plans (SWPs): If you already have investments in mutual funds or other assets, you can set up SWPs to receive regular income. SWPs allow you to withdraw a fixed amount at regular intervals while keeping your investments intact.
It's essential to assess your risk tolerance, investment horizon, and income requirements before making any investment decisions. Consider consulting with a financial advisor to create a personalized investment strategy that aligns with your financial goals and circumstances.

Ans: The coverage for OPD (Out-Patient Department) Ayurvedic/Homeopathic treatment under New India Assurance's Good Health Plan depends on the specific plan variant you have chosen. Here's how to find out:

Review your policy documents: The brochure or policy wording you received with your Good Health Plan will detail the inclusions and exclusions of the plan. Look for sections related to OPD benefits or Ayurvedic/Homeopathic treatment coverage.

Contact New India Assurance: Their customer service representatives can clarify your specific plan details. You can find their contact information on the company's website (https://www.newindia.co.in/) or on your policy documents.

Here's some general information based on publicly available details (it's crucial to confirm with your policy documents):

New India Premier Mediclaim Policy: This popular plan offers OPD coverage for Plan B after every block of two continuous claim-free years. This OPD benefit covers consultations, medicines, investigations, and dental treatment, but it likely excludes Ayurvedic/Homeopathic treatments.
Other Plans: New India Assurance offers various health insurance plans. Some might offer OPD coverage with Ayurvedic/Homeopathic treatment inclusion, but it depends on the specific plan variant.
Here's a recommendation:

Check your policy documents for the most accurate information.
If you're unsure, contact New India Assurance customer service for clarification.

Ans: Health check ups are not covered in medical insurance however check your policy if it offers free health check up

Ans: tax has to be given ONLY on the profits.

Ans: If person miss ITR deadline, he/she can file belated return till 31st December. At the time of filing belated ITR in case of tax liability, in addition to interest on default in paying advance tax; additional interest u/s 234A will also be charged @1% per month (part/full).

Ans: There is no exemption or deduction available for treatment or ongoing medicines of diabetes.
Insurance companies will likely provide the health insurance will be granted only if the problem with the customer is not serious like regular intake of insulin etc. However central government employees have certain waive off or discounted treatment in CGHS empanelled entity/hospitals, which you may explore.