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|| SHANIWAR TALK || 17-12-2022

 Nowadays supreme court is news for one or another reason. The news is not due to any good or best decision given in the current time, but instead of unwanted activism from their side. The NGT had given marching orders for stopping vehicles and construction work on an immediate basis. The news bite given by our Chief justice nowadays on a variety of issues is also not appropriate. First on the law aptitude exam and the other on the collegium system.  The opaque judicial system with unlimited power gives them unprecedented clout over the system, which is harmful to society. The decision they are giving is not delivered to ordinary netizens. The main crisis is they do not want to change themselves with no questions to be asked them, just obey the order without any complaint. Ordinary citizens do not have any resources or access to the top judiciary of our country. The language is not understood by the citizens as it is in not in the local language and is tedious. The time to get...
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|| SHANIWAR SAMWAD || 18-12-2021

 In the market there are many term insurance plans, increasing sum assured, reducing sum assured, sum assured with an annuity, increasing annuity, etc. When the insurance market was opened up for private players. The actual cost of pure insurance products was kept low. At that market was not mature as on today. Initially, when the market was nascent, customers were reluctant to purchase the products of new companies. Now private insurance companies are gaining customer confidence with the ever-increasing claims. We are not going to discuss all these things here, but the actual cost of insurance, which we have to pay. Last year cost of Term Insurance increased in April 2020. Due to the pandemic, the number of claims increased. As companies are paying these claims the total cost increased. Again coming month cost of insurance is increasing approximately 20%. Why this is happening, the life expectancy has increased with increasing lifestyle diseases. If we see the present cost, it is ...
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FINANCIAL PLANNING REVISITED

Nowadays we are going through a lot of news negative & positive in the market on various aspects with different views. But surely for any individual, it is not that much easier. Life has changed for everyone on the planet, not just a few. It's a new beginning for each & every one. Whether he is just a college pass-out or a retired person. As no one was prepared for it. Everyone has done his or her financial planning priors to this tragedy which is good in that scenario. But a situation like this has forced everyone to revisit his or her financial planning. We Indians have a mindset to follow the same path which we saw others following. Now one or two income source is not going to work. As to get old days required will be at least 2 to 3 years. This means we have to prepare for not only pay cuts for a long time but also job or business loss. Till now we planned for following - Child Education - Child Marriage - Retirement - Home & Car - Vacation - ...
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