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MBBS in UK for Daughter Studying +2: Admission Process & Fees

Dr Nagarajan J S K

Dr Nagarajan J S K   |167 Answers  |Ask -

Health Science and Pharmaceutical Careers Expert - Answered on Nov 16, 2024

Dr Nagarajan JSK is an associate professor and former head of medical research at the JSS College of Pharmacy, Ooty.
He has over 30 years of experience in counselling students towards making the right career choices, particularly in the field of pharmacy.
As the JSS College placement officer, he has helped aspiring professionals prepare for and crack job interviews.
Dr Nagarajan holds a PhD in pharmaceutical sciences from the JSS Academy of Higher Education And Research, Mysore, and is currently guiding five PhD scholars.... more
Manojkumar Question by Manojkumar on Nov 15, 2024Hindi
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Kindly explain the process of getting MBBS admission in UK.MY DAUGHTER IS STUDING IN +2 PLZ EXPLAIN THE FEES STRUCTURE ALSO..

Ans: Hi Manoj,

Greetings! I wanted to discuss why she is planning to pursue medicine in the UK. A bachelor's degree in medicine is a foundational course, so I suggest she complete her MBBS in India first. For her postgraduate studies, she can reconsider studying abroad. Additionally, if she wants to work in the UK after completing her course, she will need to take the exit or licensure exam. Therefore, it may be better for her to finish her medical education in India. This is just my suggestion.
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Screening Process: Shortlisted candidates are called for a screening process at AFMC Pune, which includes a written test, aptitude test, and interview. The written test assesses the candidate's scientific knowledge, the aptitude test evaluates the candidate's officer-like qualities, and the interview assesses the candidate's personality and suitability for a career in the Armed Forces.

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I am Sanjeev Kumar, aged 58, working with a reputed public limited company at a senior level. Our company mandates annual health check up from reputed hospitals in Delhi and I am covered under a floater medical insurance plan. I was diagnosed with Atrial fibrillation more than a couple of years ago and taking two tablets per day (one Beta blocker and one blood thinner) as a precaution as per doctor. Otherwise I am physically fit and active (I successfully run half marathon for last more than 10 years). I intend to have another medical indurance as I am approaching retirement age but insurance companies are reluctant to provide me the same. Please advise what type of medical insurance cover I should have (for self and my wife, 55 yrs) and from which companies! Is online plan okay?
Ans: Hello;

If you have a known illness of the heart unfortunately hardly any general insurance company will come forward to cover you despite other positives.

Because insurance works on probability and when they reckon that probability of claim, in future based on current information, may be high they refuse to underwrite such risks.

Since you are an employee of a public sector company, I suppose your employer may have some group mediclaim plan or coverage for the retirees as well.

Take that coverage even if you have to pay and undergo a waiting period.

Alternatively you may earmark some fixed sum 8-10 L as medical contingency fund for yourself.

For your spouse you should opt for a minimum 25 L healthcare cover from companies such as HDFC Ergo, ICICI Lombard, Bajaj Allianz, SBI General etc which do not entirely depend on healthcare insurance as the only business segment.

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I am 40 year old with 1.5 lac salary and 1 crore in FD. Have a 8 year old son. Currently I don't have any EMI but I wish to buy new house of 2 crore with appx loan of 1 cr and remaining 1 cr by selling current house. Also I invest 60k in mutual funds. What can I do if I wish to retire at 45 years and still be able to pay emi using swp and FD income.
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General Comments:
People nowadays get carried away by FIRE(Financial independence retire early) fads on social media and go by thumb rules provided on SM for retirement corpus calculation.

Please consult a certified financial planner or a retirement advisor who can guide you on these matters professionally.

Specific comments:
Do your math. If you retire at 45 you have 35 years in retirement considering life expectancy of 80. What corpus would you need to fund:

1. Your inflation indexed retirement income
2. Impact on retirement income due to home loan EMI.
3. Separate provision for higher education of son

If doing 3% SWP can meet your monthly income requirements post-tax it is okay but If you are increasing SWP rate beyond 3% you run the risk of eating into your corpus during periods of flat or negative returns by your fund.

Also pure equity funds for SWP in retirement are a strict NO.

Only hybrid mutual funds such as equity savings or conservative hybrid funds may be suitable with moderate risk.

If your regular expenses are 50 K today they will be 90 K in 10 years, 1.6 L in 20 years time considering modest 6% inflation.

Your 60 K monthly sip if continued for 5 years may yield you a corpus of 50 L assuming modest return of 12% from pure equity mutual funds which could be earmarked for higher education of your son.

Do you have any EPF/NPS corpus?

Please confirm.

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