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Ramalingam Kalirajan  |6922 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 02, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
Asked by Anonymous - Apr 12, 2024Hindi
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Sir, I am 37 years old and plan to take a term life insurance for my family, which consists of my wife and 6 year old daughter. I am confused whether I should choose a normal policy which expires after the coverage period, or one which returns the premiums after the coverage period. Obviously, the latter involves spending a higher sum as premium per month. Also please suggest the companies offering policies with better claim settling history

Ans: opting for a pure term life insurance policy is generally advisable over a return of premium (ROP) policy. ROP policies tend to have higher premiums, as they offer to return premiums at the end of the term if the policyholder survives. However, this feature often comes at the cost of higher premiums, making it less cost-effective in the long run.

With pure term insurance, you pay lower premiums for the same coverage amount, ensuring that your family receives a substantial sum assured in case of your unfortunate demise. It's a straightforward and transparent form of protection without any investment component or frills attached.

When selecting an insurance provider, prioritize companies with a strong track record of claim settlement and customer service. Look for insurers with high claim settlement ratios and positive reviews from policyholders.

Remember, the primary purpose of life insurance is to provide financial protection to your loved ones in your absence. By opting for a pure term policy, you ensure that your family receives the necessary financial support without any unnecessary frills or complexities.
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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MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 04, 2024

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Hello Sir, I am an MBA graduate with a specialization in Marketing and HR. However, I feel that my communication skills are not up to the mark, which has made it challenging for me to secure a well-paying job. I am now considering a career switch to either the IT or Banking sector, as I have a solid foundation in digital marketing. I'm still uncertain about which path to choose. Could you suggest which industry might be better suited for me, along with the recommended courses and the process to get started? Thank you.
Ans: Hello
You completed an MBA with a specialization in Marketing and HR. You are lagging in communication skills. It seems that you have not tried to improve your communication skills hence you might have failed to get a good job in Marketing, as the marketing field is dependent on communication skills. You put two options IT and Banking Sector, Even though you have a solid foundation in Digital Marketing, you may fail in the IT sector. it would be better for you to try the Banking sector, as it has wide applications that IT. Bank is the need of each person, hence have more potential for the person who has less communication skills. Almost all the reputed banks do their advertisements on all types of media platforms. Hence a marketing person working for the banking sector has to explain less as compared to IT marketing. While working in the Banking sector, side by side you can do Digital Marketing also on a part-time basis. There is no need to do more courses as you have already done specialized courses in Marketing and HR. It would be better to keep a close watch on reputed banks' websites for the latest updates on employment.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
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Radheshyam

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Radheshyam

Radheshyam Zanwar  |1021 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Nov 04, 2024

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Hi Sir, I am tensed as JEE Main Examination is approaching and i am scared that i would only be able to score 100/300 at best. Please suggest me some good regional colleges. I am female single girl child in Delhi. Engineering was never my first priority yet I chose it because it seemed a safe option. I would also try and give CUET. One more concern is that my 5th subject in class 12 is GST or Geospatial Technology. Is there any scope for this subject through which I can enter a decent college. I dont want to spend my parents money..Please help. I am distressed
Ans: Hello Shaamhavi
First I would like to say that without any fear in mind and a predetermined score, you appear for JEE 2025 in 1st session. To improve your score/performance, you have 2nd attempt also.
You said, engineering was never your 1st priority. Then, why not have discussed this fact with your parents or parents have forced you to go for engineering? It is not clear from your question. How you can say, it is a safe option is also not clear.
If you are scared about JEE preparation, then it would be better to try CUET. GST i.e. Geospatial Technology is a good subject and there is scope in this field.
Now, I would like to suggest you: (1) Focus more on JEE preparation or CUET (2) Try to excel in GST subject (3) Try to score more and more in the respective examinations on a priority basis, (4) No need to take the stress about parents money as the expenses are already done on your classes + college tuition fees, etc. (5) Leave up all other aspects of Regional College availability, descent college in GST field etc. (6) For all your problems, only one answer: SCORE HIGH IN THE EXAMIANTIONS IN WHICH YOU ARE APPEARING.

If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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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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