Hi, I have a query regarding health insurance. I have 2 policies from different providers. 1 policy has copay clause. Can I claim the copay amount from the other provider?

Ans: COEP Pune and Jaypee Institute of Information Technology (JIIT) Noida both deliver strong CSE programmes, yet they differ across accreditation, ranking, faculty, infrastructure, research, placements, industry linkages, fees, campus environment and location. COEP Pune holds ‘A+’ NAAC accreditation and a NIRF engineering rank within the top 100, while JIIT Noida is NBA-accredited (Tier-I) with NAAC ‘A’ grade and NIRF rank in the 101–150 band. COEP’s core faculty comprises PhD-qualified professors with extensive academic and industry research, whereas JIIT’s predominantly doctorate faculty emphasize applied IT research and publications. COEP offers 17 specialised computing labs plus a dedicated data-centre and legacy smart classrooms, while JIIT provides 102 state-of-the-art labs, a 700-user digital library and advanced language, electronics and psychology labs. In research and innovation, COEP benefits from government-sponsored projects (DST, DRDO) and industry grants, whereas JIIT hosts multiple Centres of Excellence (Cloud, IPR, AI) and interdisciplinary patents. COEP CSE placements average 87% with a median package around ?9–11 LPA from Google, Goldman Sachs and IBM, while JIIT CSE achieves over 94% placement consistency and median package near ?7 LPA, hosted by Microsoft, LinkedIn and Cisco. COEP’s longstanding MoUs include Intel, Bosch and Infosys for internships; JIIT partners directly with Amazon, SAP and American Express for capstone projects. Annual tuition at COEP is approximately ?90 K for Maharashtra-domicile students; JIIT’s fee exceeds ?2.5 L per year but includes accommodation and medical support. COEP’s urban Shivajinagar campus emphasizes a vibrant student life with over 40 clubs and heritage architecture; JIIT’s Sector 62 Noida campus spans 15.5 acres, featuring a residential zone, sports complex and shuttle connectivity to Delhi.

Recommendation:
Considering higher national ranking, broader research funding and slightly stronger CSE placement metrics, COEP Pune is the optimal choice for those prioritizing institutional legacy and core-engineering excellence. For students seeking specialized IT-industry integration and diverse lab exposure near Delhi NCR, JIIT Noida remains a compelling alternative. MY SUGGESTION: Choose COEP-Pune & Join. All the BEST for Admission & a Prosperous Future!

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Ans: You're earning well and already thinking long-term, which is great. Let’s look at your financial goals, savings, and plan from all angles.

? Income and Household Financial Standing
– Your monthly salary is Rs. 1,25,000.
– Your wife earns Rs. 30,000 monthly.
– Your total monthly family income is Rs. 1,55,000.
– You are aged 29, married, with one child.
– You’ve already taken term and health insurance. Well done.
– Your annual premium of Rs. 45,000 is well justified.
– These protections reduce risk in emergencies.
– You save around Rs. 60,000 yearly in NPS.
– You have Rs. 30 lakhs savings for home or land.

? Existing Asset Strategy
– Rs. 30 lakh savings is a big milestone.
– Don’t rush into buying property.
– Real estate gives low returns, high costs, and poor liquidity.
– It locks up money for long and needs extra cash to maintain.
– Avoid using this full amount for a house.
– Consider investing part in mutual funds for better returns.
– Always check whether buying or renting suits your goals.
– Flexibility, liquidity, and simplicity matter in financial planning.

? Investment Approach You’re Considering
– You plan to invest Rs. 20,000–30,000 per month in mutual funds.
– This is a strong start for wealth creation.
– You mentioned some index funds and one contra fund.
– Let's review and guide you based on financial goals.

? Disadvantages of Index Funds You Mentioned
– Index funds copy the market, nothing more.
– They don’t try to beat the market.
– They offer no downside protection during crashes.
– Index funds don’t adapt to changing market cycles.
– Active funds are managed by skilled fund managers.
– Managers in active funds aim for better returns than index.
– Index funds offer no help in bad markets.
– They follow blindly without discretion.
– Avoid index funds if you want active management.
– Your mentioned funds like Nifty 50 Bees and Nifty Next fall here.
– Instead, choose actively managed diversified funds.
– These funds perform better over time with lower risk.
– They help adjust based on sectors, economy, and valuation.

? Long-term Goals to Focus On
– Your two main goals are child education and your retirement.
– Both are long-term goals and need early planning.
– Equity mutual funds are best for these goals.
– Start with Rs. 25,000 monthly in SIPs.
– Allocate Rs. 15,000 for child education fund.
– Allocate Rs. 10,000 for your retirement fund.
– Use actively managed funds guided by a CFP.
– Don’t invest in direct mutual fund plans.

? Why Avoid Direct Funds
– Direct plans offer no personal advice or periodic review.
– It’s like driving without a map.
– Many investors make mistakes without proper help.
– Wrong fund choice, emotional exits, or overexposure are common.
– Regular plans through MFD with CFP support avoid these issues.
– They offer coaching, guidance, and behavioural discipline.
– Performance reviews and course corrections are done on time.
– Long-term investing is more about staying invested than just choosing funds.
– A certified financial planner helps with that clarity and accountability.

? Child Education Planning – First Goal
– Your son is 3 years old now.
– You have 14–15 years to build a good fund.
– Education costs double every 7–8 years.
– Start SIP of Rs. 15,000 monthly in growth-oriented equity funds.
– Don’t choose child insurance policies or ULIPs.
– They underperform and are not flexible.
– Actively managed diversified funds give better growth over time.
– Review your investments every year.
– Increase SIP amount every year when income increases.
– Use goal-based approach. Don’t mix short-term needs.

? Retirement Planning – Second Goal
– You’re 29 now. Retirement is 30 years away.
– Time is your best friend here.
– You already invest Rs. 60,000 yearly in NPS.
– NPS gives tax benefit under Sec 80CCD(1B).
– But NPS alone is not enough.
– Add mutual fund SIP of Rs. 10,000 monthly for this goal.
– Choose actively managed hybrid and large cap funds.
– These give long-term wealth creation and inflation beating growth.
– Avoid ULIP pension plans or annuities.
– They are rigid, low-return and not liquid.
– Mutual funds give flexibility and smart asset allocation.

? Health and Life Insurance
– You are already paying Rs. 45,000 yearly for health and term insurance.
– This is essential and correctly placed.
– Make sure health cover is Rs. 10 lakh or more.
– Include family in one family floater plan.
– Review sum insured every 3–4 years.
– Life cover should be 15–20 times your annual income.
– You can increase term insurance later if needed.

? Emergency Fund – Maintain Liquidity
– Emergency fund is important.
– Keep 6 months of expenses in savings or liquid funds.
– Don’t mix this money with investment money.
– This gives confidence to invest aggressively elsewhere.
– Emergency fund prevents loan dependency during crisis.

? Property Planning – Use Caution
– Rs. 30 lakh savings can buy land or flat.
– But don’t use full amount for it.
– Property is illiquid and needs maintenance and registration costs.
– It doesn’t give regular income unless rented.
– Focus on mutual fund investments first.
– Let your capital grow and become flexible.
– If you still buy, don’t borrow heavily for it.

? Tax Planning Strategy
– You already save Rs. 60,000 in NPS.
– That gives you benefit under 80CCD(1B).
– Term insurance premium covers part of 80C.
– Use balance of 80C for ELSS mutual fund SIP.
– ELSS gives tax saving and equity growth.
– Avoid traditional policies like LIC or endowment plans.
– They give low returns and lock money.
– Mutual funds give higher tax-adjusted returns.
– LTCG on equity mutual funds above Rs. 1.25 lakh is taxed at 12.5%.
– STCG is taxed at 20%.
– Debt mutual funds are taxed as per income slab.

? SIP Execution and Monitoring
– Don’t invest in many mutual funds.
– Choose 3 or 4 funds based on risk profile.
– Track SIPs once in 6 months or yearly.
– Avoid changing funds too often.
– SIPs work best when continued for long.
– Use MFD channel with CFP for execution.
– Regular review, rebalancing, and guidance are important.

? Behavioural Discipline Matters
– Markets go up and down.
– Don’t stop SIPs during correction.
– That is when you accumulate more units.
– Keep calm and stick to the plan.
– Long-term success needs patience and trust in the process.
– Stay invested and don’t react emotionally.
– A CFP gives behavioural support during tough times.

? Family Financial Planning
– Involve your wife in financial discussions.
– Keep joint goals for future.
– Plan for child’s education, travel, retirement and healthcare.
– Write a will or basic nomination now itself.
– Keep all investments in joint or nominee mode.

? Asset Allocation Balance
– Don’t invest in only one asset type.
– Use equity, hybrid, liquid and EPF in right mix.
– Overexposure to land or gold limits flexibility.
– Equity mutual funds grow capital.
– Debt and liquid funds give short-term stability.
– Review asset mix yearly.

? Final Insights
– You are taking the right steps early.
– Your goals are clear and achievable.
– Avoid index and direct mutual fund options.
– Use actively managed funds via a MFD with CFP.
– Don’t get stuck in illiquid property assets.
– Keep investing regularly and review yearly.
– Focus on discipline, guidance, and simplicity.
– You are on the right path to build wealth.
– Stay consistent and take help when needed.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Monthly Cash Flow Assessment
– Your family income is Rs. 1,40,000.
– Mortgage EMI is Rs. 67,000 for 3 more years.
– Rent and expenses are Rs. 30,000.
– Gold investment is Rs. 10,000.
– That leaves around Rs. 33,000 surplus monthly.
– This surplus needs smart allocation for all future goals.
– Your expenses are well-managed. That is a strong starting point.

? Existing Assets and Liabilities
– You have Rs. 10 lakh in EPF. Good long-term asset.
– Property plot worth Rs. 1 crore is a valuable asset.
– Emergency fund is only Rs. 50,000. That is low for a family.
– Gold loan of Rs. 6 lakh on 200g gold is active.
– You have Rs. 1 crore term insurance. That’s essential and well-done.

? Emergency Fund – Strengthen It
– Ideal fund should cover 6 months of expenses.
– Your family needs Rs. 1.2 to 1.5 lakh in emergency fund.
– Boost this first before increasing other investments.
– Use a mix of bank FD and liquid mutual funds.
– Don’t ignore this step. It offers peace of mind.

? Your Daughter’s Future Planning
– You have 17+ years for her higher education.
– Cost of education is rising faster than inflation.
– You must begin a monthly SIP in diversified equity funds.
– Actively managed funds are better than index funds.
– Index funds do not protect in falling markets.
– Index funds lack professional fund manager’s timely decisions.
– Active funds can adapt to changing market cycles.
– A CFP-guided SIP approach ensures consistent returns.
– Start with Rs. 10,000 monthly SIP if possible.
– Increase SIP as EMI ends in 3 years.
– Review and rebalance annually with guidance.
– Avoid ULIPs, LIC plans, or traditional child policies.
– They underperform and offer poor flexibility.

? Construction Plan and Rs. 1.5 Crore Loan
– Construction loan of Rs. 1.5 crore needs proper planning.
– You plan to build 3 floors and earn rental income.
– This is an ambitious and practical idea.
– But timing and loan handling are key.

When to Start:
– Wait until EMI on home loan ends.
– That gives you extra Rs. 67,000 monthly.
– Use that cash to repay gold loan first.
– Clearing gold loan frees up your pledged gold.
– After that, you’re better positioned for new loan.

Loan Options & Suggestions:
– Choose a term of 15–20 years for construction loan.
– That keeps EMIs affordable and less stressful.
– Don’t overcommit. Ensure 40–45% of income to EMIs only.
– Use the plot as collateral.
– Explore joint home loan for better eligibility.
– Maintain high CIBIL score and consistent income flow.
– Keep margin money of 10–15% ready in hand.
– Start planning now but execute after gold loan is cleared.

Construction Steps to Prepare:
– Get property valuation and construction estimates.
– Prepare building approval and design papers.
– Avoid over-building. Focus on rental usability and demand.
– Reserve budget for interior and furnishing.
– Post-construction, rent should cover at least 60–70% of EMI.
– Get rental agreements and tenant screening system in place.

? Gold Loan Strategy
– 200 grams gold against Rs. 6 lakh loan is costly.
– Interest outflow eats your savings slowly.
– Prioritise repaying gold loan before construction loan.
– Use part of surplus plus any bonus to repay gold loan faster.
– Once mortgage EMI ends, use Rs. 67,000 monthly to clear it.
– Don’t keep gold loan for too long.

? EPF as Long-term Asset
– You have Rs. 10 lakh in EPF. That’s good.
– Continue contributing. Don’t withdraw for short-term goals.
– It compounds silently and supports retirement corpus.
– Review EPF statement annually for balance growth.

? Physical Gold Investments
– Rs. 10,000 monthly in gold is a sentimental plan.
– But don’t over-allocate here.
– Gold has low yield over long term.
– Treat gold as hedge, not growth asset.
– Reduce gold investment slowly after 3 years.
– Redirect funds to equity mutual funds for better growth.

? Retirement Plan – Start Early, Stay Consistent
– You are 36 now. Retirement is 20–25 years away.
– Ideal time to start building a strong retirement corpus.
– Your EPF will form one part of it.
– You need additional investments to match inflation.
– Start SIPs in actively managed hybrid and diversified equity funds.
– Begin even with Rs. 5,000–10,000 monthly if cash is tight.
– Gradually raise this SIP amount every year.
– Choose regular plans through MFD with CFP qualification.
– Avoid direct funds. They lack personalised advice and reviews.
– Regular plans offer ongoing handholding, periodic reviews, and course correction.
– Investing without review leads to bad outcomes.
– Don’t depend on annuity or pension policies.
– They are rigid and yield poor inflation-adjusted returns.
– A diversified MF portfolio offers better tax-efficient growth.
– After retirement, shift corpus slowly to hybrid funds for income.
– Avoid selling everything at once. Use SWP to withdraw.

? Tax Strategy – Reduce, Save and Optimise
– Use Rs. 1.5 lakh 80C limit smartly.
– EPF and term insurance already cover part of it.
– Invest the balance in ELSS for dual benefit.
– ELSS offers tax saving and equity growth.
– Avoid traditional insurance policies.
– For daughter’s plan, use non-tax saving diversified equity funds.
– Keep gold loan interest as deduction under 24(b) if eligible.
– Maintain file of all home loan and construction bills for tax purposes.

? Insurance – Adequacy and Coverage
– You already have Rs. 1 crore term cover.
– Check if it is 15–20 times your income.
– Increase sum assured after your new home loan.
– Buy health insurance for self, wife and daughter.
– Choose a family floater of Rs. 10 lakh minimum.
– Health expenses are rising fast in India.
– Employer cover may not be enough post-retirement.
– Buy separate personal health policy without delay.

? After EMI Ends – Rebalance Entire Plan
– In 3 years, EMI of Rs. 67,000 ends.
– That changes your cash flow dramatically.
– Use this to repay gold loan, increase SIPs and boost retirement savings.
– Avoid lifestyle inflation once EMI ends.
– Sit with a Certified Financial Planner and re-strategise.

? Rental Income Plan – What to Expect
– 3 floors can fetch good rent if location supports.
– Don’t overestimate. Always take conservative rent projections.
– Maintain the building to attract quality tenants.
– Rental income is taxable. Keep that in mind.
– Use a portion of rent to create sinking fund for repairs.

? Asset Diversification and Future Planning
– Your main assets are property, EPF, and gold.
– Add mutual funds now to balance asset allocation.
– Mutual funds are liquid, diversified and inflation-beating.
– Stay invested for long-term and avoid panic exits.
– Review goals once every year with a professional.
– Plan for daughter’s college abroad if needed.
– Consider travel, emergency, healthcare and lifestyle needs at retirement.
– Build financial independence. Don’t rely on children for support.

? Final Insights
– Your current structure is stable and promising.
– You’ve handled loans and expenses responsibly.
– Strengthen your emergency fund immediately.
– Clear gold loan before taking construction loan.
– Delay construction until EMI ends to avoid pressure.
– Start SIPs for daughter’s education and your retirement.
– Avoid index funds, direct funds and annuity plans.
– Stick with MFD-guided actively managed mutual funds.
– Keep insurance updated and separate from investments.
– Do regular reviews and plan every step wisely.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello Narashima
Your son may get colleges like Acharya Institute, RR Institute, Don Bosco, or AMC Engineering in the later rounds.

Good luck.
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Radheshyam

Ans: Hello dear.
No chance with IIT; NIT/IIIT chances are slim, but the CSAB round is worth trying for better options. Explore other options for backup.

Good luck.
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Radheshyam

Ans: Hello dear.
Punjabi University Patiala (Main Campus) CSE offers decent value as a government college. For placements and future prospects, Chitkara or CU might be better unless you prefer lower fees and a more academic route (e.g., government exams, higher studies).

Good luck.
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Radheshyam

Ans: Hello Keval.
Prefer Electrical and Electronics @ VNIT Nagpur if possible. The final decision will be yours.

Good luck.
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Radheshyam

Ans: Hello dear.
Prefer Chennai Institute of Technology if possible.

Good luck.
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Radheshyam

Ans: Hello dear.
Chances with COEP seem to be challenging for CSE?NIT or the tech branch in the early rounds. You may have to wait until the last round. However, you can get CSE in other colleges either in Pune or Mumbai.

Good luck.
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Radheshyam