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Financial Planner - Answered on Feb 06, 2024

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Asked by Anonymous - Feb 06, 2024Hindi
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I am 30 and looking for a term insurance for a term of 40 years. Which company offers the best term plan in terms of lower premium and best cover? Could you kindly suggest one?

Ans: One cannot recommend a specific term insurance plan or company as it depends on various factors like your health condition, lifestyle habits (smoking/drinking), income, budget, and family situation. However, here’s a guide on how to choose the best term plan.

Here are some key factors to consider when choosing a term insurance plan:

• Sum assured: This is the amount your beneficiary will receive in case of your death during the policy term. Choose a sum assured that is sufficient to cover your outstanding debts, living expenses for your family, and future financial goals of your dependents.
• Policy term: This is the duration for which the life cover is valid. Since you are 30 and looking for a 40-year term, you have a wide range of options to choose from.
• Premium amount: This is the amount you pay annually or monthly to maintain the policy. Generally, younger individuals have lower premiums compared to older individuals.
• Riders: These are additional benefits that can be attached to your base plan, like accidental death benefit, critical illness cover, and waiver of premium rider. Choose riders that suit your specific needs and budget.
• Claim settlement ratio: This ratio indicates the percentage of claims settled by the insurance company. Opt for a company with a high claim settlement ratio.

Popular insurance companies often change, and new products may be introduced, so it's essential to check the latest offerings. Additionally, individual factors such as your health, lifestyle, and occupation can affect premium rates. Make sure to disclose all relevant information accurately to get the most suitable coverage.

Remember, it's crucial to disclose all your health conditions and lifestyle habits accurately while applying for term insurance. Withholding information can lead to claim rejection in the future.

Remember that buying ‘best’ term insurance plan is subjective and depends on your specific needs and circumstances.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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I (30F) had been in some Relationships at different stages of my Life, which Failed due to different Reasons and I am not Virgin. After getting exhausted emotionally, I quit Dating, 2 years ago & I decided to settle down for an Arranged Marriage, as a last resort. Since the last 2 years, I have met many Eligible Bachelors who seemed to show genuine interest in me, at the initial stage. But at some point of time, all of them asked me about my Virginity & Body Count. I had always been Honest with all of them. And almost all of them Rejected me for this one Reason. Some of them straightaway told me that they couldn't Trust any Woman who's not Virgin. Some of them gave some other Trivial Reason to Reject me, though, I could intuitively guess the Real Reason for Rejection. And some of them, just Ghosted me, immediately. I had been feeling very Bad about getting Rejected, it felt as if I was being Punished for my Honesty. Now I have begun to Question myself, whether I really need to tell my Prospective Partner about my Past? Why should my Past matter to my Future Partner? Do I owe, my Future Partner, any explanation for the way I have lived my Life until now? Is it really Fair to Judge me only on the basis of my Virginity, rather than my entire being as a whole? Does my entire worth depend only upon my Virginity? Why do Men raise Questions about my Past, in the first place, while I never asked any of them about their Past, as I don't care about my Partner's Past? Why are Men so Insecure about Sexually Active Women, is their Male Ego so Fragile that they can't accept a Woman's Past? Do they have the Right to Ask a Woman about her Sexual History, in the first place? Do they really need to know about my Past? Do I really have any Obligation to be Honest with them & disclose about my Past, before Marriage itself? My Family members are advising me that it's not Wrong to say a few White Lies, for the sake of Marriage? Would it be Wise, on my part to follow their Advice & Lie to Arranged Marriage prospects that I am Virgin? Or else, in what other ways can I Answer, Questions about my Virginity, Body Count & Sexual History, raised by future prospects, such that I don't get Rejected?
Ans: Dear Anonymous,
I understand your frustration. You made some very valid points. You are absolutely right- no one has any business asking you about your virginity. And you are also correct that it does not define you at all. But the truth is, to some people, it matters more than it should. They are not entirely at fault alone; it is the whole society. Nevertheless, you are right. While it is your decision whether you want to lie or be honest, I would suggest telling the truth. Not for their sake; for yours. You should not have to live your married life always thinking "Would my past have mattered to him?" or wondering if things would have been different if you told him the truth. Moreover, being honest will set you free; maybe it comes with rejections, but at least you do not ever have to bear the weight of lies or feel guilty about deceiving someone. And most importantly, you won’t have to settle for someone who cares so much about such superficial things. Happy marriages cannot start with a lie.

We can't control what's important to whom, but we can respect them, even if we disagree. If you are not comfortable disclosing your body count or past, simply answer their question with yours- "Does that matter to you a lot?" If they say yes, you can reject him because your values don't align.

Hope this helps.

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Dating, Relationships Expert - Answered on Dec 13, 2024

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I am 33 year old women and have been looking for matches in matrimony from year 2021 but was not getting suitable matches. Got connected with multiple profile but it didn't workout well.Just last month i saw one profile i liked it and sent request. My request got accepted and then i shared the contact no with my dad which was registered on matrimony. My dad called his dad and discussed about profiles and they liked it. Now the guy is in USA and his dad said he will be coming back next year. Till then his dad said let them connect on video call. So his dad shared my contact no with him and said he will call me. 2 days passed but he didn't call so my dad informed his dad and his dad called him and then he said he is quite busy in work and will ping me either in weekdays if free or on weekends. But then i didn't receive any reply and then again my dad called them after 10 days and asked why their son has not called yet so his dad also said he is busy but he will definetly call her and till then as per their earlier request we also said if you want to come and meet the family then can do that.so his dad said if we don't have any plan for the next week on weekends[i.e on 24th nov] then we will surely come but then on 23rd nov my dad called them regarding the meet and then they said they are out so mostly will not be able to come tomorrow and his dad said i will ask son to talk to your daughter first today. After this there was no conversation bcoz his son didn't call. Later when i searched him on facebook coincidently on one of his post i saw his contact number and i checked on whatsapp and then i came to know he has saved my contact no. But then i am confused why he haven't called me yet. First time i have got some good vibes about someone but this is really killing me. I was doing lot of overthinking then i asked my dad again if we can ask his contact number and my dad said no this will look desperate to them. I already have his contact number but confused like should i text him what can be the consequences.Lots of thoughts running into my mind. Please help me.
Ans: Dear Anonymous,
First of all, there is no hard and fast rule that says that men have to make the first move. If you like someone, you can easily give him a call or drop a text. If a man finds that desperate, you should not settle for someone like that.

Next, judging by the series of events, I would say there is a good chance of either of two things happening- first, he might actually be very busy. But I don't think people are ever so busy that they can't take five minutes of their time to make a call. But then again, you are still strangers and hence, you are not his priority currently. Second, they might be breadcrumbing you. Just giving you enough hope to keep you hooked while they search for more potential matches. The most concerning thing is that the entire family can't keep their word or have the decency to inform about the change of plans.

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Best Wishes.

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Asked by Anonymous - Dec 13, 2024Hindi
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I have a daughter age 14 study in 8th grade...she is not interested in studies which shows in her low grades...we have forced her to study and her mood fluctuate sometimes studies well and most time disinterested...I am worried about what to choose for her after 10th ..I am not going to join her in engineering or doctor..she is creatively inclined though... What should I do to improve her grades.. To atleast finish as a graduate... Which course should I opt to channelize and bring out her creativity
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Ramalingam

Ramalingam Kalirajan  |7258 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 13, 2024

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How far reliable this new investment platform talked and even promoted by ( Invest Rs 21000 and earn 2 million dollar per month) RBI Gov,Sundar Pitchai,Narayana Murthy, Sudha N Murthyand even by FM
Ans: The claim you mention—"Invest Rs. 21,000 and earn $2 million per month"—is a classic red flag for a scam or fraudulent investment scheme. It is highly unlikely that reputed personalities would endorse such a scheme. Let me explain why you should approach such claims with extreme caution:

1. Unrealistic Returns
Promising an exorbitant return like $2 million per month from a small investment of Rs. 21,000 is highly unrealistic. Genuine investment platforms provide returns in line with market performance and risk levels, which are far less dramatic.
2. No Official Endorsement
Check the official websites or verified accounts of these personalities to confirm any claims. Misusing their names is a common tactic used by scammers.
3. Misleading Marketing
Fraudsters often use photos or quotes from famous individuals to make their schemes look legitimate. These endorsements are usually fake and done without the knowledge or permission of the individuals.
4. RBI Guidelines
The RBI regularly issues warnings against fraudulent schemes and platforms. It never endorses specific investment opportunities. Instead, it encourages investors to exercise due diligence.
5. Too Good to Be True
As a rule of thumb, if an offer sounds too good to be true, it probably is. Legitimate investments grow over time and require careful planning and risk management.
What You Should Do
Verify the Platform: Look for official documentation or licenses from SEBI, RBI, or other regulatory authorities.
Research: Check reviews and ratings on trusted financial websites. Look for independent sources, not just what the platform claims.
Consult an Expert: Speak to a financial advisor or investment consultant before putting your money anywhere.
Report Suspicious Activities: If you suspect fraud, report it to the Cyber Crime Cell or SEBI.
Would you like me to help you investigate this specific platform further? If yes, please provide the name or link, and I can assist.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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