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Sanjib Jha |66 Answers |Ask -Follow

Insurance Expert - Answered on Feb 02, 2023

Sanjib Jha is the CEO of Coverfox Insurance. His expertise includes health and auto insurance. He has over 22 years of experience in the financial sector. He has completed his post-graduation from the Institute of Company Secretaries of India.... more

Question by Prasanna on Jan 24, 2023Hindi

Money

Hi Sanjib, why do insurance companies push for three and five year motor vehicle insurance? How does it benefit the insurance buyer?

Ans: Hi Prasanna, long term insurance is only mandated for new vehicle as per IRDAI. In a long term policy, a standard agreement is signed due to which the policy's premium will remain unchanged whether you claim in the policy or not.

However in a one year tenure motor policy, you will lose your NCB (no claim bonus) after claim which will increase the premium at the time of renewal.

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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Sanjib Jha |66 Answers |Ask -Follow

Insurance Expert - Answered on Feb 02, 2023

Question by Prasanna - Jan 18, 2023Hindi

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Dear Sanjib, why do motor insurance companies insist on buying three and five year cover instead of one year? How do consumers benefit from ling-term vehicle insurance? If one buys 5-year cover and files for claim in the 2nd year then how is claim settled and after that does cover remain valid for the next three years? Regards

Ans: Hi Prasanna, Long Term insurance is only mandated for new vehicle as per IRDAI.
In Long Term policy (3+3), a standard agreement is signed due to which the policy's premium will remain unchanged whether you claim in the policy or not.
However in single year motor policy, you will lose your NCB (no claim bonus) after claim which will increase the premium at the time of renewal.
If a person claims in a five year tenure policy, the process of claim will be standard. Post claim, the coverages & premium will remain unchanged.

Sanjib Jha |66 Answers |Ask -Follow

Insurance Expert - Answered on Feb 02, 2023

Question by Prasanna - Jan 25, 2023Hindi

Money

Hi Sanjib. Why is a term insurance considered better than insurance that comes with annuities and bonus?

Ans: Hi Prasanna, life insurance protects your family in case of an unfortunate demise of the policy holder. In case of a premature death, while in case of annuity plans, it protects your income if you live longer than the expected term.

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Asked by Anonymous - Feb 22, 2025Hindi

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My daughter get 89 percentile in JEE main 2025, she will get nit

Ans: Congratulations to your daughter on securing an 89 percentile in JEE Main 2025.
Estimated Rank: An 89 percentile in JEE Main 2025 corresponds to an approximate All India Rank (AIR) between 1,50,000 to 1,65,000. NITs with Potential Openings: Institutes such as NIT Agartala, NIT Meghalaya, NIT Raipur, NIT Jalandhar, and NIT Durgapur have, in previous years, admitted students with ranks corresponding to an 80-90 percentile range. See previous year cut offs

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Question by Umamahesh - Feb 22, 2025Hindi

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Sir, My Niece got 97.5 in Jee mains 2025, can she get CSE in which NIT , pls suggest sir.

Ans: Congratulations to your niece on securing a 97.5 percentile in JEE Main 2025.
You may get NIT Jalandhar, NIT Agartala, NIT Goa, NIT Hamirpur, NIT Meghalaya, NIT Patna etc. See previous year cut off

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Question by Anuj - Feb 21, 2025Hindi

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Sir I got 96 percentile in jee mains 2025 ..I belong to jharkhand Can I get nit jamshedpur civil engineering.... Also I am a obc ncl candidate...

Ans: Congratulations on securing a 96 percentile in JEE Main 2025.
Percentile to Rank Conversion: A 96 percentile in JEE Main typically corresponds to an All India Rank (AIR) between approximately 40,000 to 50,000. For OBC-NCL candidates, this would translate to a category rank ranging from 10,000 to 12,000.
Based on the 2024 admission data, the closing ranks for the Civil Engineering program at NIT Jamshedpur under the OBC-NCL category with Home State quota were as follows:

Round 1 Closing Rank: 15,169
Last Round Closing Rank: 79,265
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Asked by Anonymous - Feb 21, 2025Hindi

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I don't want to do engineering but my parents are forcing me to do so what should I do?

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Question by essaar - Feb 21, 2025Hindi

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Sir my son got 93.1 percentile in JEE Session-1. Can he get CSE under Kashmiri Migrant quota in any NIT or IIIT

Ans: Congratulations to your son on achieving a 93.1 percentile in JEE Main Session.
The cutoffs for the KM quota can vary significantly between institutes and from year to year, depending on factors like the number of applicants under this category and seat availability. Historically, some institutes have had relatively higher closing ranks for KM candidates, increasing the chances of securing a seat.

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Asked by Anonymous - Feb 21, 2025Hindi

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Hello sir.I get 92 percentile in jee mains. Can I get Cse in any Nit in sc category

Ans: Congratulations on securing a 92 percentile in JEE Main 2025.
Your case is a borderline case.

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Question by mithran - Feb 21, 2025Hindi

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I got 96.75 in JEE..I am OBC NCL Candidate..Whàt are the best college options irrespective of the branch..As I don't have any preference

Ans: Congratulations on securing a 96.75 percentile in JEE Main 2025 as an OBC-NCL candidate.
With your percentile and OBC-NCL status, you have a favorable position for admissions into several National Institutes of Technology (NITs), Indian Institutes of Information Technology (IIITs), and Government Funded Technical Institutions (GFTIs).

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Question by yadvinder - Feb 21, 2025Hindi

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My nephew has got 98.2 percentile in JEE mains 2025. Category is generally. Interested in doing CSE. Which NIT or IIIT we can expect.

Ans: Congratulations to your nephew on securing a 98.2 percentile in JEE Main 2025.
Percentile to Rank Conversion: A 98.2 percentile typically corresponds to an All India Rank (AIR) around 27,000.
Several NITs and IIITs have closing ranks for CSE that extend beyond 20,000. For instance, NIT Patna, NIT Raipur, and IIIT Nagpur have had CSE closing ranks in this range in previous years.

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Question by Pritam - Feb 21, 2025Hindi

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I got 89%ile in jee mains 1st attempt 2025. I am a sc candidate. Can I get EEE in iiest shibpur?

Ans: Congratulations on securing an 89 percentile in the JEE Main 2025 first attempt.
Percentile to Rank Conversion: An 89 percentile typically corresponds to an All India Rank (AIR) of approximately 115,045. For SC candidates, this would translate to a category rank around 6,000.
Based on the 2024 admission data, the closing rank was 5,018 for the SC category in Electrical Engineering discipline.
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Tech Careers and Skill Development Expert - Answered on Feb 22, 2025

Asked by Anonymous - Feb 21, 2025Hindi

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My son got 98.81. Percentile in JEE mains, GM category, NIT suratkal ECE can he get?

Ans: Congratulations to your son on achieving a 98.81 percentile in JEE Main.
1. Estimated Rank: A 98.81 percentile in JEE Main typically corresponds to an All India Rank (AIR) between approximately 12,000 to 18,000.
2. NIT Surathkal ECE Cutoff Ranks: The closing ranks for the ECE program at NIT Surathkal for the General category (Other State quota) in recent years have been as follows:

2024: Closing rank around 4,227.

2023: Closing rank around 5,119.
So, securing a seat in this specific program may be challenging under the General category.

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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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