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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 27, 2023

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
Raajp Question by Raajp on Apr 25, 2023Hindi
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Relationship

Hello Anu Ji, Thanks for giving Your valuable time and Precious advice & feedback on my Question. I have no words to express my feeling that after so long somebody tried to understand me & my POV and above all helping in raising my moral & recognizing my ability in this messy and confusing state of mind. In your response you ask me to introspect few questions and tell u honestly I did that in alone . In those answer few were as clear as Crystal. But few of them confused me. I will be mentioning what u asked me to asked myself ……and what I have answer for that Questions. 1. - how will I keep my relationship with my daughter after my marriage? Answer :As in my divorce settlement she will be staying with her mother and since Nov2016 I have not seen her and not knowing nothing about her But praying to the almighty for the wellbeing for here all the time. 2. - am I carrying any fear/anger from the previous marriage? Answer: Yes, it is. There is lot anger, frustration which I have buried in the grave yard of my Heart . but the soul is still alive. its really very easy in words to say “MOVE ON”, try to forget the past , Forgive the person …. Let the karma do its course. It’s not easy ,when a person’s life has change 360degree.Madam ,since 2010 to 2017, I had face so much , u can’t imagine and I wouldn’t be able to describe. Those 8 yrs. are hell for me and for my parents. U know the saddest Part of this separation is who suffer the most after me is my Daughter . She & myself is and will be missing each other as Father &Daughter. After my divorce in 2017 , I have moved on so long in my life but there is something which dragging me back. 3. am I completely ready to commit to a marriage? Answer : this is the question which is annoying me, I’m not able figure it out . About my commitment , yes I am very much clear about this , I was, am & will be committed , to my relationship. But I have Trust issue’s. Right now I can say this only . Getting Married is just settling down in life is the core issue presently in my life ,not pleasing someone. I am not in that state of mind to please anybody as I am already seeking help to be Happy and in the search of the happiness which I lost .U know Time is great healer…….. & heal the biggest of the biggest wounds………but in the end leave with scar on ur mind for rest of the life . In the end , I would say I have a lot to share , lot to discuss , but there are some constraints. Hoping that ……I may have able to give You my POV to understand my current state of mind . Thanks R@@J

Ans: Dear Raaj,
Thank you for reaching out again.
You seem to have done your bit to reflect deeper which is amazing. Yet, with my experience of working with people on relationships, I can tell you one thing...
Never get into a relationship till you find the heart to trust again as trust is the only thing that will keep any relationship strong and that will happen only after the ANGER eases into something more useful. Is this possible, YES! Kindly seek the help of a professional who will help with this inner work on releasing anger and building trust. This person will be able to fathom your POV and guide you aptly.
Remember, the next person who you are seeking to engage with, will expect a person who trusts and loves; so, that's why heal from one before you get into another relationship. I am sure you understand this well.

All the best!

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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 12, 2022

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Hi Anu mam, I want to share with you my life story because it now killing me everyday. I am 23 years old now and third (unwanted) child of my parents. I have two elder sisters, 2nd sister was adopted by my father's sister and now I have one elder sister only.If I talk about my childhood, I have no good memories, not a single picture of mine.My father has always been busy at our family shop, only source of our income with my bade papa.He never took any interest in my studies, school admissions, parents teacher meeting etc... He was always like a strict father without any strict responsibility on him. And my mother is a very simple and innocent Jain lady who believes in Jainism and God. So in my childhood we were not a united family, we were more like small scattered pieces of a family who were living with no hope and no future planning or future expectations.As a kid, I spent most of the time watching tv or playing cricket. I have feared to ask my dad to buy me a cricket bat due to which I stole money from his wallet and buy my things for which i’d be brutally beaten if caughtI studied in a Hindi medium school which was in front of my house. I studied there till 3rd class and then my mother did some efforts to get admission in English medium school but she didn't succeed. I took admission in another Hindi medium school. I worked hard at my level but never received any support from my parents especially from my father.I passed my senior secondary in the year of 2015 in Math stream with 69% and want to pursue Engineering but my father does not want me to pursue that he wanted me to pursue Law so I took admission at local university and completed my graduation in 2020.During my 1st year of graduation I realised that my father has an affair with someone. This caused serious trauma for my mother and me. We felt this was the reason for him not being interested in our life at all time. In my 3rd year of graduation I founded that my elder sister was in a serious relationship with someone which added to our trauma because we were also facing financial problems that time. The problem arose when 3-4 years ago I came to know that I have knock knee problem in my both legs since childhood. I couldn't tell about this to my family.So now I am unemployed, facing knee problem and depression. I don't know what to do. Should I leave my father for life and look forward to any small job and live my life, make my new family? I want you to give me advice according to my current situation. I will wait for your advice.
Ans: Dear AJ,

I can only imagine what it must be like for you. But I am not going to feel sorry for you as life presents challenges as opportunities.

You have had the opportunity to learn from each of your challenge, academically, personally, and professionally.

Focus on yourself now. What happened or didn’t happen in your childhood or the past only makes you feel like a victim and that isn’t useful when you are trying to solve a problem.

Focus on how you can better your quality of life despite your physiological issue.

Sit down with the doctor and ask:

How can I get treated?

Does it involve any surgery?

Will physiotherapy help in easing my condition?

You depression (which I imagine is self-diagnosed) is on account of you treating yourself as a victim, will change once you move into a positive mode where you treat yourself with respect and love.

Only you can better your situation and it is possible for you if you choose to look at all the things that are possible by you once you become mentally stronger. Then your academic or personal or professional challenges will not come in the way.

So Take Charge and NOW. All the best to you!

..Read more

Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 01, 2023

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Hi I am 41 years old and divorced twice. I have married second time due to family pressure and emotionally, but the same has not been succeed because I was in love with my first spouse and our daughter. I have completed all legal formalities for the same and there is not any legal binding with anyone. I have one daughter who is 15 years old with my first spouse. After long time I realised that I am in love with my first spouse and my daughter. I never seen to my first spouse after divorce since 2009. But I used to go and meet my Daughter on her Birthday to wish with the permission of inlaws. They respect my Father and Sister. I got divorced from my first spouse due to my mistakes which have done unknowingly in 2008. I have written letter to my first spouse and my daughter to ask for sincere apology.Also they knows about my second marriage and divorce also. I am staying alone and my question is whether we will succeed if my first spouse will agree to reunite again with my daughter. Also need some tips to stay happily with them. My desire will fulfill if we reunite again. Need your advice . Thanks
Ans: Dear Mahendra,
It is unfortunate that you had to go over marriage twice to understand what could have been avoided.
Now, whether your wife from the first marriage also shares the same feelings of love and affection towards you cannot be assumed. She might have moved on in her mind and heart, so to build up a fairy tale life with her and your daughter may cause you pain.
Maybe instead of building stories, why not have a frank discussion with them (your daughter is old enough to be a part of this). Kindly keep an open mind as they may not be willing to reunite. If they are also willing to, then take things slow...Don't suggest them moving in with you and try and create the same environment like the way it used to be when you were married.
Time changes a lot of things and this must be handled with a lot of care and caution. Your ex-wife, will also be very watchful about all the things that have hurt her previously. So, be very patient with her.

But if the answer is a firm NO from them, kindly respect it and let it be...2009 is a long time ago and much would have changed in them and you; cherish what you have with them...focus on building a good relationship with your daughter. After all, you can't assume that one letter of apology will change their hearts.

Bring up the topic with your ex-wife, but be prepared for an answer either way.

Best wishes!

..Read more

Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 18, 2023

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Hi Anu , This Raaj here this side, I have seen your views on the relationship here on this site . so for that I need your help and your valuable expertise . About myself I am 42 yrs self employed businessman ,I got married in march 2010, it was a arrange marriage . from the day 1 there is a problem and it increases day after day. From the that wedlock I had baby girl . from 2012 situation got worsened matrimonial cases started it continued for next 4-5 yrs . after long battle I got divorced in 2016-17. This divorce cost me a lot , bcoz of that I lost my friends , social stigma, financial lost ( hefty alimony)and lot other problem which are associated with this . Now the main problem comes here , as after my divorce I was not ready to get re marry again but my parents are pressuring mr to get settle again ASAP. After long persuation I said ok …. I started searching my own and parents also started there own . In last 4 yrs I have seen lot of prospects ……..( kissi ko main nahi pasand , kissi ko mera kamm nahi pasand , kissi ko mere parents ke sath rehna nahi pasand …….. kissio ko meri income se problem hai,……………toa kuch mujhe nahi jachi.)there is lot of pressure on me that I should be perfect now after my divorce . after all this I had few good prospects ………….1. she was good but she wasnot happy with my income , she said no to me initially but continued talking and we are still in touch as she moved to Australia in APR 2019.As now we r really very good friends now ,Jab main usme interested tha toa usne na boll diya ………but jab usne dubarra reconsider karke propose kiya toa maine na boll diya. Than in 2020 COVID hits which upsets everybody’s life .360degree . In NOV 2020 I met 1 girl on one of the matrimonial sites ….we shared our details stated talking to each other , she liked me but didn’t responded her positively but continued our talks………in march2021 pata nahi kaise aur kyu …..maine use propose kiya…… maine use milne uske passd gaya ……….we talked …..shared our thoughts ….spend good time ……..but raat ko ghar vapis aa ke maine use NO kar diya . REASON is not known ya kahu toa main darr gaya tha .because of this she also got upst and that makes her depressed. For next 10 days I was so depressed I didn’t had my proper meal ……nothing all. I was in guilt ,that make me depressed for really long . I was only thinking about her only all the time nothing else, On 2nd JULY 21 ko maine pher user message kiya ………. After 2-3 days after my sorry and all that we started talking again. Everything stated good again .now in last week of july 2021 my father got severe heart attack ……and he had a surgery . Now they are pressuring me again that I should get settle soon ……..all my family members and sister and all. Maine Phir usko marriage ke liye tyar kiya aur phir batt ko STOP kar diya . and this tym mujhe gharwalo se aur sab se bahut anbun ho gayi. Ab mujhe samaj aa rahi ki main kya karu . main shaddi to karna chata hoon par kissi pe trust nahi kar pa raha hoon . mere ghar valo ka mujh pe bahut pressure hai . there are some other problem which I would like to disscuss in future . pls help me what should I do , I m feeling helpless . Thanks Raaj
Ans: Dear Raaj,
What is it that you want?
You seem to ready to get into a relationship because your family thinks so, your father had a heart attack and then they pressure you to find a girl to marry.
So, what is it that you want and want to do?
And the possible reason for not striking a chord with the women that you were interacting with. When you have decided what you want, it will show up in your body language, facial gestures and within the conversation. You are possibly still healing from your divorce and are not ready to get into another marriage. So, don't. First, sort your mind out and then think of another relationship.
So kindly, start to think for yourself ignoring what your family tells you. Yes, you need to do that. Family pressure is no reason to get married; of course they mean well and care for you. But, what you want is what matters here.
So, if you want to stop feeling helpless, take charge of your life and do what you think is right for you. Heal from your divorce and think about what you need in another relationship and in your partner. When you ready, then it's time. So, no more helplessness, only strength.

All the best!

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Anu

Anu Krishna  |880 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Apr 21, 2023

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Hello Anu Ji, Firstly thank you very much for your valuable time and feedback on problem. Thanks for understanding me & my POV in this small conversation. After so long Its you who had read between the lines .I am really very thankful of you , that you have given me such a lovely advice. But I am bit confused. After reading mail I was really get very positive and optimistic about my decision. I read ur mail 4 times , I got a positive ray of hope with lot of confusion comes with it . You said “You are possibly still healing from your divorce and are not ready to get into another marriage.” Yes this is the question. Its almost 7 years why I can’t be able to overcome from that dilemma and trauma which I got in past . You said “First, sort your mind out and then think of another relationship” , yes another question what should I sort it down and how ? You said “ what is it that you want and want to do?” this the problem which is not letting me move on.bcoz of this I am so much confused I can’t express you in word . I am not able to understand my wants ……………there is a Cat- Rat Race from Head to heart………from Heart to head all day. In simple words its (Kashmakash). You know ……….. I also want to get married, I want a companion …partner with whom I want to share my emotions, joy’s,……..happiness….etc., I want kids , I want to go for long drives , outings , dance with my wife , and lot of other small big things in my mind, which I was not able to do in past marriage. I want someone, to whom I can share my feeling when I am low. I am strong enough to take care of myself but u know … You need someone who say’s “Don’t worry Allz be well, I am with you “. But for this I have to Trust the other person that’s the thing I Am unable to do it . I don’t know why, I don’t Trust anybody now? why I am creating a vicious circle about trust .? You said one thing very beautiful “So, if you want to stop feeling helpless, take charge of your life and do what you think is right for you” these words really touched my heart .thanks for the encouragement and the words of strength. I really need it very badly. These words give me a new direction to think and bit of strength to my POV. Please forgive me about my English language ……. I am not very good at it and may be you find few thing repetitive and irritating. Pls ignore it . Hoping that I am able convey my POV and feelings of my problem so that u can easily understand…….and on that basis you give Your valuable feedback and advice. Thanks R@@J
Ans: Dear Raaj,
Thank you for your kind words.
The follow-up questions that you have asked me requires a deep-dive introspection from you. You have very clearly and intelligently come up with these questions which is difficult to do when in a problem. But you have managed to do that. So congratulations on taking the first step!

To clarify, always clear any remnants from the previous relationship before you begin a new one. Also, any relationship including marriage is something never to be entered into to please anyone. Do this only when you are ready and there is no need to give into any pressure. Your longing for a companion is sweet but as I have mentioned, ask all these questions to yourself and reflect.
Also, ask:
- am I completely ready to commit to a marriage?
- am I carrying any fear/anger from the previous marriage?
- how will I keep my relationship with my daughter after my marriage?

And yes, the day you learn to love yourself again, you will find it easier to trust again and that's why I said: Heal first...and then think of a companion. Without that trust, you will be playing a game again and it will not end well.
Take some time off to rediscover yourself and heal. Heal by loving yourself and things will flow without you having to chase one lady after the other. Love must be effortless and not chased or forced. Take a break; fear nothing...All will be well...

All the best!

..Read more

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Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Sir I am currently a student working as pg resident in government college l. My monthly stipend is 70000 of which I want to use 60000 in investment for upcoming future. I want to continue doing it for 3 years and if I get help from yours kind suggestion I will continue to do so. Humbly request you to guide me sir ?
Ans: It's admirable that you're proactive about investing your stipend for future financial security. Let's craft a strategic investment plan to help you achieve your goals.

Understanding Your Financial Goals
Short-Term Objective (3 Years):
Your primary goal is to invest your monthly stipend over the next three years to build wealth for the future.
This investment horizon allows for a balanced approach that combines growth potential with risk management.
Tailoring an Investment Strategy
Risk Profile Assessment:

As a student with a stable income, you may have a higher risk tolerance, given your long-term investment horizon.
However, it's crucial to strike a balance between risk and return to ensure the safety of your investments.
Diversified Portfolio Allocation:

Consider diversifying your investment across asset classes such as equities, debt, and possibly alternative investments like gold or commodities.
Diversification helps mitigate risk and enhances the potential for long-term growth.
Structuring Your Investment Approach
Equities:

Allocate a portion of your investment towards equities to capitalize on their potential for higher returns over the long term.
Invest in a mix of large-cap, mid-cap, and small-cap stocks or equity mutual funds to diversify your equity exposure.
Debt Instruments:

Allocate another portion of your investment towards debt instruments like fixed deposits, debt mutual funds, or bonds.
Debt instruments provide stability and regular income, making them suitable for risk mitigation.
Systematic Investment Plan (SIP):

Consider investing through a SIP in mutual funds to benefit from rupee-cost averaging and mitigate the impact of market volatility.
SIPs allow you to invest a fixed amount regularly, regardless of market fluctuations, fostering disciplined investing.
Monitoring and Review
Regular Portfolio Review:

Periodically review your investment portfolio to ensure it remains aligned with your financial goals and risk tolerance.
Make adjustments as needed based on changing market conditions or personal circumstances.
Continuous Learning:

Stay informed about financial markets and investment strategies to make informed decisions about your portfolio.
Consider seeking guidance from a Certified Financial Planner to optimize your investment strategy.
Conclusion and Encouragement
Your proactive approach towards investing is commendable and lays a strong foundation for your financial future. By implementing a diversified investment strategy and maintaining disciplined investing habits, you're well-positioned to achieve your long-term financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Iam 57 years old male. Iam going to retire after 3 yrs. I have invested 2. 5 lakhs in icici balance advantage fund . Can i contine investing or change can you advice
Ans: Evaluating Investment Strategy for Retirement
Understanding Your Current Situation
It's commendable that you're actively planning for your retirement. Let's assess your investment in ICICI Balance Advantage Fund and explore whether it aligns with your retirement goals.

Genuine Appreciation for Retirement Planning
Planning for retirement demonstrates foresight and responsibility towards securing your financial future. It's a crucial step towards achieving financial independence in your golden years.

Assessing Your Investment Choice
ICICI Balance Advantage Fund:
This fund follows a dynamic asset allocation strategy, aiming to balance risk and return by adjusting exposure to equities based on market conditions.
It offers the potential for growth while providing downside protection through tactical allocation.
Evaluating Investment Strategy for Retirement
Investment Horizon:

With retirement on the horizon in three years, your investment horizon is relatively short.
Short-term investment goals typically require a more conservative approach to minimize the impact of market volatility.
Risk Tolerance:

As you approach retirement, preserving capital becomes increasingly important.
Consider reassessing your risk tolerance and shifting towards more stable investment options to safeguard your savings.
Considering Alternatives
Debt Funds:

Debt funds offer lower volatility and can provide steady income, making them suitable for retirement portfolios.
Consider allocating a portion of your portfolio to debt funds to enhance stability and reduce overall risk.
Systematic Withdrawal Plan (SWP):

SWP allows you to systematically withdraw a fixed amount from your investments at regular intervals, providing a steady income stream during retirement.
Explore the possibility of implementing an SWP strategy to meet your income needs post-retirement.
Conclusion and Recommendation
Given your proximity to retirement, it's prudent to reassess your investment strategy and prioritize capital preservation. While ICICI Balance Advantage Fund offers growth potential, it may carry higher risk, which might not align with your current financial objectives.

Considering your retirement timeline, I recommend exploring more conservative options such as debt funds and implementing a systematic withdrawal plan to ensure a steady income stream post-retirement. Consult with a Certified Financial Planner to tailor an investment strategy that suits your retirement goals and risk tolerance.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 20, 2024Hindi
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Hello sir, I'm investing in quant small cap fund(5000 pm) and Aditya Birla Sun life PSU equity(10000pm), how much corpus should I expect after 2 or 3 years.
Ans: Assessing Potential Corpus Growth in 2-3 Years
Understanding Your Investment Strategy
It's great to see your commitment to investing and building wealth for your future. Let's analyze the potential corpus growth based on your current investments.

Compliments on Your Investment Initiative
Your proactive approach to investing is commendable. With careful planning and disciplined execution, you can achieve your financial goals effectively.

Analyzing Investment Horizon and Portfolio
Investment Horizon:

You're targeting a corpus growth within 2-3 years, indicating a short to medium-term investment horizon.
Short-term goals typically require a more conservative investment approach to mitigate risk.
Investment Allocation:

Currently, you're investing in two funds: Quant Small Cap Fund and Aditya Birla Sun Life PSU Equity.
These funds cater to different segments of the market, providing diversification.
Evaluating Potential Corpus Growth
Quant Small Cap Fund:

Small-cap funds are known for their potential for high returns but also carry higher risk.
Given the short investment horizon, anticipate moderate to high fluctuations in returns.
Aditya Birla Sun Life PSU Equity:

PSU equity funds primarily invest in stocks of public sector enterprises, offering stability but moderate growth potential.
Expect relatively lower volatility compared to small-cap funds.
Factors Influencing Corpus Growth
Market Performance:

Equity markets' performance significantly impacts the growth of your investment.
Economic conditions, corporate earnings, and geopolitical factors influence market movements.
Fund Performance:

Past performance of the selected funds provides insight but doesn't guarantee future returns.
Monitor fund performance regularly to assess its alignment with your goals.
Expected Corpus Growth Range
Quant Small Cap Fund:

Considering the high-risk nature of small-cap funds, anticipate a potential growth range of 10-15% annually.
Over 2-3 years, this could translate to a cumulative growth of 20-45%.
Aditya Birla Sun Life PSU Equity:

PSU equity funds typically offer more stability with potential growth in the range of 8-12% annually.
Over 2-3 years, expect a cumulative growth of approximately 16-36%.
Conclusion and Recommendation
Given the investment horizon of 2-3 years, it's crucial to balance risk and return expectations. While small-cap funds offer higher growth potential, they also come with increased volatility. PSU equity funds, on the other hand, provide stability but moderate growth.

Considering your risk tolerance and investment objectives, a combination of both funds can provide a balanced approach to corpus growth. Regularly review your portfolio's performance and adjust your investment strategy as needed to stay on track towards your financial goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Sir, my son is now 27 years old and would like to invest approx Rs. 10,000- 12,000 per month for the next 15-20 years and an approximate increase of 10-15% per year. Kindly suggest which type of investment should be planned in addition to any other suggestion's which would create a substantial monthly income after 20 years taking into consideration the money value and inflation
Ans: That's a fantastic plan for your son. Starting investments early creates a solid financial future. Let's explore some options to build a good monthly income after 20 years:

Building a Strong Investment Portfolio:

Diversification is key: Invest in a mix of asset classes like Equity (stocks), Debt (bonds), and Hybrid (mix of equity and debt) to manage risk and target long-term growth.
Consider Equity Mutual Funds: Actively managed Equity Mutual Funds can potentially generate good returns over the long term. They are professionally managed by experts.
Investing for Growth and Beating Inflation:

Systematic Investment Plan (SIP): Regular monthly investments (SIP) of Rs. 10,000-12,000 with a planned 10-15% annual increase is a smart approach. It inculcates discipline and leverages rupee-cost averaging.
Long-term horizon: A 20-year investment timeframe allows for market fluctuations to even out, focusing on long-term growth that outpaces inflation.
Planning for Future Income:

Goal-based investing: While aiming for monthly income, consider your son's future goals like retirement or higher studies. Tailor the investment mix accordingly.
Review and Rebalance: Regularly review the portfolio performance and rebalance allocations if needed to maintain the desired asset class mix.
Getting Professional Advice:

Talk to a CFP professional: A Certified Financial Planner can create a personalized investment plan for your son, considering his risk tolerance and financial goals.
Investment planning is crucial: A CFP can help navigate different investment options and choose the ones that best suit your son's needs.
Remember: Consistent investing, diversification, and professional guidance are key to building a strong financial future.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

...Read more

Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

Asked by Anonymous - May 07, 2024Hindi
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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: Claiming Copay from Another Health Insurance Policy
That's a good question! Unfortunately, you cannot claim the copay amount you pay under one health insurance policy from another provider. Here's why:

Copay is a fixed amount you share with your first insurer for covered medical expenses. It reduces your premium but requires you to pay upfront.
Each insurance policy works independently. They only cover your expenses as per their terms and conditions.
Here's how things work:

You file a claim with the insurer that has the copay clause.
They approve the claim amount after deducting the copay amount.
You pay the copay directly to the hospital or yourself (depending on the policy).
Alternatives to Consider:

Choose plans without copay: If copays are causing trouble, consider switching to plans with higher premiums but no copay requirement.
Increase coverage limits: If your current plans have low coverage limits, explore options with higher limits to minimize out-of-pocket expenses.
Speak to a CFP Professional:

A Certified Financial Planner can review your health insurance plans and suggest options that better suit your needs. They can also help you understand coverage details and claim procedures.

Remember: It's important to choose health insurance plans that complement each other and provide comprehensive coverage.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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Ramalingam

Ramalingam Kalirajan  |2717 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 20, 2024

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Im 62 year old and retired person. I am looking for health insurance policy for me and my wife who is 52 year old and housewife. I am suffering from high BP, Cervical and Lumber spondylitis, knee osteoarthritis, IBS and taking medicines for last 10-12 years. My wife has hypothyroidism, spondylitis and diabetes Please suggest better health insurance policy. Also suggest whether individual or family policy will be better Regards
Ans: I understand you're looking for a good health insurance plan for you and your wife. That's a smart decision, especially considering your health conditions. Let's break it down to help you choose the best option:

Understanding Pre-existing Conditions:

Your existing health conditions (BP, spondylitis, etc.) are called pre-existing conditions. These might affect your policy options and premiums.
Individual vs. Family Plan:

Family plan: Covers you and your wife together under one plan. It can be cheaper, but coverage limits get shared.
Individual plans: Separate plans for each of you. More flexibility, but might cost slightly more overall.
Considering Your Needs:

Pre-existing condition coverage: Look for plans that cover pre-existing conditions after a waiting period (if any).
Hospitalization coverage: Choose a plan with sufficient coverage for hospitalization expenses.
Medicines: Check if the plan covers medicines you take regularly.
Finding the Right Plan:

Talk to a CFP professional: A Certified Financial Planner can assess your needs and recommend suitable plans from different insurers.
Compare plans online: Many insurance companies offer online plan comparisons. Look for plans that cover pre-existing conditions and have good network hospitals in your area.
Here's a quick tip: Since your wife is younger and has a different health profile, individual plans might be better. This allows you to get customized coverage based on your specific needs.

Remember: Don't hesitate to ask questions! Choosing the right health insurance is important, and a CFP professional can guide you through the process.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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