I discuss how to buy a super top up health insurance policy with examples on how it differs from a top-up policy and a base policy and why we need one. With medical costs increasing day by day, a medical cover of just a few lakhs will not be sufficient for us. Every day I am…
Continue reading →Follow these simple steps to learn how to close your loans and live debt-free. This week in ₹e-assemble, we shall discuss one of the most important money management problems for young earners – handling debt. You will be surprised as to how many people in their 20s and 30s nurse huge credit card debts, personal…
Continue reading →Wouldn’t it be great to have a DIY health insurance comparison chart that will immediately help you shortlist policies with most relevant and beneficial features? You could then read the policy wordings of these and choose one easily. Using the comparison feature at policybazaar, here is a health insurance policy comparison template with six policies…
Continue reading →This week in ₹e-assemble, we shall discuss how to track monthly expenses and manage them efficiently. ₹e-assemble is a series on the basics of money management aimed at young earners. If you ask me now, “how should I track expenses?”, I would say, “do not track, instead invest first and spend later”. However, I am…
Continue reading →How to buy Bitcoins in India? If you have asked this question, wondered how to invest in Bitcoins with INR, here is a simple DIY approach. This is not a recommendation to buy bitcoins and I do not hold any. The reason I am writing this is that the bitcoin and cryptocurrency community is filled…
Continue reading →Almost every EPF member who was part of the EPFO before Sep 1st 2014 has one or all these questions on their minds: Will I get higher EPS pension? Am I eligible for it if I am already retired? How much will my EPS pension increase? I can answer, the “am I eligible” question accurately (see…
Continue reading →Last week I had compared Apollo Munich Optima Restore Benefit vs Max Bupa Re-fill Benefit. This week we shall continue our policy wordings walk-through with a discussion on some lesser-known features of Star Health Comprehensive Insurance policy and Religare Care Comprehensive Insurance policy. The main aim of these posts is to emphasise the importance of policy…
Continue reading →I discuss simple ways to select the best credit card in India and use it efficiently and maximize its benefits. This post is part of ₹e-Assemble: a series on the basics of money management for young earners. You will be surprised as to how many people do not understand how a credit card works and…
Continue reading →Find out how much your EPS pension will increase with this Excel calculator if you contribute 8.33% of your full salary (basic +DA) instead of Rs. 1250 per month which is 8.33% of Rs. 15,000 the current salary ceiling mandated by the EPFO. Last week, a 1200% hike in pension for Mr. Praveen Kohli following an October…
Continue reading →Warning, you could be the next diabetic and chances are that you are a pre-diabetic and do not know it yet. Worse, our children could get it while they are still children! It is no secret that India is the diabetic capital of the world. Here are some simple steps to prevent diabetes, manage the…
Continue reading →I compare the features of Apollo Munich Optima Restore Benefit and Max Bupa Health Companion Re-fill Benefit. This is the second module of step 4, ₹e-Assemble, “how to choose a suitable health insurance policy”. The main idea is to highlight the importance of reading policy wordings. We will compare two key features: the no claim…
Continue reading →₹e-assemble is a video series covering the basics of money management and goal-based investing for absolute beginners. Step 1 was listing Goals, Dreams and Nightmares. Step 2, laying the foundation of wealth with an emergency fund step 3, buying a term life insurance policy and this week in step 4, we shall consider choosing a suitable health insurance policy. Buying…
Continue reading →The employee pension scheme (EPS) is a component of the employee provident fund that provides a pension to its subscribers. Yesterday, news about how Mr. Praveen Kohli got a 1200% hike in pension created a stir. This was because, in October 2016, the Supreme Court directed the EPFO to increase the pension of 12 petitioners as…
Continue reading →How would you invest if you suddenly got one crore? That is a nice thought is it not? In this weeks Q & A, we consider what should a sudden crorepati do, along with other questions. Perhaps you may have seen it already, this is my article in the Economic Times: Mutual fund advisers earning commission…
Continue reading →₹e-assemble is a video series covering the basics of money management and goal-based investing for absolute beginners. Step 1 was listing Goals, Dreams and Nightmares. Step 2, laying the foundation of wealth with an emergency fund and in this week, we shall move on to step 3, buying life insurance policy. If you already have such a policy,…
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