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Visas, Study Abroad Expert - Answered on Apr 21, 2023

Geeta Ratra has been an immigration expert for more than two decades and has strong knowledge of international immigration policies and procedures. She is vice president, operations, at Abhinav Immigration Services. Besides visa and immigration services, they also provide study abroad advice that includes application assistance, counselling and university shortlisting.... more
YogeshTyagi Question by YogeshTyagi on Apr 15, 2023Hindi
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Hi My Son 28 yrs BCA/MCA & MBA in IT havinh 3 year exp as software Engineer in India.. Now He want to move in USA/UK/CANADA ...plz suggest what job chances available for him in Europe and which post

Ans: Hello Yogesh
He is very much eligible to apply for a permanent resident visa for Canada, and based on this, he can stay and work in Canada for an indefinite period.
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Asked by Anonymous - Feb 01, 2024Hindi
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My son has recently completed electrical engineering from Mumbai. His original plan was to pursue higher studies in the US, but due to financial constraints, we are now exploring options in Canada and Germany, where the tuition fees are comparatively lower. Can you please suggest what are the academic and job opportunities for engineering graduates in Canada and Germany? Thank you in advance.
Ans: I understand your situation and your son's dilemma. Both Canada and Germany offer excellent academic and job opportunities for electrical engineering graduates, each with its own advantages and considerations. Here's a detailed breakdown to help you compare:

Academic Opportunities:

Canada:

- Master's programs: Renowned universities like the University of Toronto, McGill University, and UBC offer diverse programs in various electrical engineering specialties like power systems, electronics, telecommunications, and control systems.
- Tuition fees: Generally lower than the US, but vary depending on the university and program. Scholarships and financial aid options are available.
- Language: English-speaking environment, making adaptation easier. However, French proficiency might be required for programs in Quebec.

Germany:

- Master's programs: Strong focus on research and theoretical knowledge. Universities like RWTH Aachen and TU Munich offer top-ranked programs in electrical engineering and related fields.
- Tuition fees: Very low or even free for public universities, making it highly cost-effective.
- Language: Many programs are taught in English, but German proficiency is recommended for better integration and job prospects.

Job Opportunities:

Canada:

- High demand for skilled engineers: Canada faces a shortage of engineers, leading to ample job opportunities across various industries like aerospace, automotive, and clean energy.
- Immigration pathways: Streamlined Permanent Residency options after graduation and work experience.
- Salary: Competitive salaries, but might be slightly lower than the US initially.

Germany:

- Strong manufacturing sector: Booming industries like automotive and automation offer numerous job opportunities.
- Skilled worker visa: Simplified visa process for graduates with good job offers.
- Salary: Competitive salaries, potentially higher than Canada in some sectors.

Additional factors to consider:

- Living costs: Canada generally has higher living costs than Germany, especially in major cities.
- Culture and language: Assess your son's comfort level with adapting to a new culture and language, especially for Germany.
- University rankings and program specifics: Encourage your son to research specific programs in both countries, comparing their curriculum, research focus, and faculty expertise.

Final thoughts:

Ultimately, the best choice depends on your son's individual preferences, academic goals, and career aspirations. Both Canada and Germany offer bright prospects for electrical engineering graduates. Encourage your son to research thoroughly, speak to professionals in both countries, and weigh the pros and cons before making a decision.

I hope this information helps you and your son make an informed decision!
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Moneywize

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Financial Planner - Answered on Apr 28, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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I want to purchase auto insurance for my Maruti Ertiga which I purchased two years ago. Which auto insurance policy will best look after my interests in the event of an accident which could lead to fatalities or lead me permanently disabled? I want to choose an auto insurance policy that will take care of hospitalisation as well as permanent disability.
Ans: In the unfortunate event of an accident with your Maruti Ertiga, a comprehensive car insurance policy will best serve your interests. Here's why:

Comprehensive Coverage:

• Third-party Liability: This is mandatory by law and covers any injuries or property damage caused to a third party due to an accident involving your car.
• Own Damage Cover: This protects your Maruti Ertiga from damages caused by accidents, theft, fire, natural calamities, etc.

Additional Coverage for Permanent Disability and Hospitalisation:

• Personal Accident (PA) Cover for Owner-Driver and Passengers: This add-on provides a lump sum payout in case of death or permanent disability due to an accident. You can extend this cover to include your passengers as well.
• Medical Expenses Cover: This add-on reimburses hospitalisation expenses incurred due to injuries sustained in an accident.

Here's what to consider when choosing an insurance provider:

• Claim Settlement Ratio (CSR): Look for insurers with a high CSR, which indicates a good record of settling claims promptly.
• Network Garages: Opt for an insurer with a wide network of cashless garages for repairs to ensure a hassle-free experience.
• Customer Service: Choose a company known for providing prompt and helpful customer service.

Popular Car Insurance Providers in India:

• Acko General Insurance
• HDFC Ergo
• The Oriental Insurance Company
• National Insurance Company
• Bajaj Allianz General Insurance

Researching and Comparing Policies

• Use online insurance aggregator websites to compare quotes from different providers. These websites allow you to input details about your Maruti Ertiga, your driving history, and desired coverage options. They will then provide you with quotes from various insurers, allowing you to compare prices and features.

Consulting a Financial Advisor

• Consider consulting a financial advisor who can help you assess your specific needs and recommend the most suitable car insurance policy for your Maruti Ertiga.
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