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Sanjib

Sanjib Jha  | Answer  |Ask -

Insurance Expert - Answered on Sep 23, 2022

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
Avichal Question by Avichal on Sep 23, 2022Hindi
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I am working in private company and have corporate health insurance provided by my company but if I resign from job then is it possible to shift corporate health policy into individual health policy with same benefit?

Insurance company -- The new India Assurance Co. Ltd.

Ans: Hi Avichal, usually corporate health policies do not convert into individual policies unless stated otherwise.

I suggest that you buy an Individual Health Policy over and above the one provided by your employer.

In case you wish to resign, you will have another policy protecting you and while you are working you can claim your Corporate Policy, in case required.

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

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Insurance Expert - Answered on Oct 12, 2022

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 I am an employee of central govt. PSU. My family consists of myself, spouse, two minor children and mother. I am covered by a corporate group medical insurance policy for Rs 2 lakh with an additional emergency coverage of Rs 4 lakh by the employer. I also have a personal Family Floater policy for Rs 3 lakh and a Sr. Ctzn. Policy for Rs 1 lakh. I have not used the personal policies till date for any hospitalisation claim. I am aware that a claim exceeding the corporate policy limit can be claimed in the personal policy. Recently I was made to know that any planned hospitalisation exceeding the corporate claim limit, cannot be done using the second policy. I also know that there is a product called as top up policy which can be used in such cases. I have 8 years of remaining service where there is a medical insurance cover during the period. After retirement, the employer provides a basic policy of 1.5 lakh for the family. The same feels to be insufficient in today’s times. What would be your advice with regards to the existing medical insurance policies and their amounts? Should I need to undertake any tweaking of the policy amounts or switch to a top up policy?
Ans: Hi Pradeep, yours is a legit concern. It would be best if you take advice from a professional person or company – having the necessary qualifications -- after discussing your issue with them.

Insurance is each to its own. Depending on your concerns and requirements a professional service provider will be able to give you the best advice, whether to tweak policy amount or switch to top up.

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Financial Planner - Answered on Apr 04, 2024

Asked by Anonymous - Apr 03, 2024Hindi
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I have a corporate mediclaim policy of Rs 15 lakh. Do I still need to buy personal insurance for my family and myself?
Ans: Having a corporate mediclaim policy is undoubtedly beneficial, but it may not cover all your needs adequately. Here are some reasons why you might still consider purchasing personal insurance for yourself and your family, despite having a corporate mediclaim policy:

1. Coverage Limitations: Corporate policies often come with coverage limits, and these may not be sufficient for your family's needs, especially in case of severe medical emergencies or prolonged treatments.

2. Job Change: If you change your job or your employer changes the insurance provider, there could be a gap in coverage, leaving you and your family uninsured temporarily.

3. Portability: Personal health insurance policies are usually portable, meaning you can carry them forward even if you switch jobs or companies, ensuring continuity of coverage.

4. Tailored Coverage: Personal insurance allows you to tailor coverage according to your specific needs, including adding riders for critical illness, maternity benefits, or other specialised treatments which may not be covered under a corporate policy.

5. Family Coverage: While corporate policies might extend coverage to your family, the coverage amount might be inadequate, and having a separate family floater policy ensures comprehensive coverage for all members.

6. Pre-existing Conditions: Corporate policies may have restrictions on coverage for pre-existing conditions, whereas personal policies often offer coverage after a waiting period.

7. Comprehensive Coverage: Personal policies often offer a broader range of coverage options, including outpatient expenses, alternative treatments, and more extensive network hospitals, which may not be available under corporate policies.

8. Continuity of Coverage: In case of job loss or retirement, personal insurance ensures continuity of coverage without any gaps.

9. Tax Benefits: Personal health insurance premiums are eligible for tax deductions under Section 80D of the Income Tax Act, providing additional financial benefits.

10. Control and Flexibility: Personal insurance policies offer greater control and flexibility in choosing coverage options, network hospitals, and policy terms compared to corporate policies, which are generally standardized for all employees.

While having a corporate mediclaim policy is undoubtedly advantageous, it's essential to assess your family's healthcare needs comprehensively and consider supplementing it with personal insurance to ensure adequate coverage and financial protection in the long term.
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Workplace Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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I failed in UPSC and NEET-UG two times. I am feeling very demoralised and depressed that I wasted my parents' money. What can I do to motivate myself and feel better?
Ans: Hey there,

Navigating setbacks in life is like sailing through stormy seas - challenging, but certainly not impossible. While it's natural to feel disheartened after experiencing setbacks in exams like UPSC and NEET-UG, remember that every storm eventually passes, leaving behind valuable lessons and opportunities for growth. Here are some compass points to help you navigate through this rough patch and reignite your motivation:

1. Embrace Failure as a Stepping Stone: Failure is not the end of the road; it's merely a detour on the journey to success. Instead of dwelling on your past attempts, view them as stepping stones towards your ultimate goal. Reflect on what went wrong, identify areas for improvement, and use these insights to chart a new course forward.

2. Reframe Your Perspective: It's easy to succumb to self-doubt and negative thoughts, but remember that setbacks are temporary setbacks, not reflections of your worth or capabilities. Reframe your perspective by focusing on your strengths, achievements, and the progress you've made thus far. You're not defined by your failures; you're defined by how you rise from them.

3. Set Realistic Goals: Break down your ultimate goal into smaller, manageable milestones. Set realistic and achievable targets that allow you to track your progress and celebrate small victories along the way. By focusing on incremental progress, you'll build momentum and regain confidence in your abilities.

4. Seek Support and Guidance: You're not alone in this journey. Lean on your support system - whether it's your family, friends, mentors, or counselors - for guidance and encouragement. Sharing your struggles with others can provide valuable perspectives, insights, and emotional support to help you navigate through tough times.

5. Explore Alternative Paths: Remember that success doesn't have a one-size-fits-all formula. If your previous attempts didn't yield the desired results, consider exploring alternative career paths or educational opportunities that align with your interests and strengths. Keep an open mind and be willing to adapt and pivot as needed.

6. Practice Self-Compassion: Be kind to yourself during this challenging time. Treat yourself with the same compassion and understanding that you would offer to a friend facing similar circumstances. Practice self-care activities that nourish your mind, body, and soul, whether it's pursuing hobbies, exercising, or practicing mindfulness.

7. Stay Persistent and Resilient: Remember that success often requires perseverance and resilience in the face of adversity. Stay committed to your goals, and don't let temporary setbacks derail your long-term aspirations. Keep moving forward with determination and unwavering belief in your ability to overcome challenges.

In the words of Winston Churchill, "Success is not final, failure is not fatal: It is the courage to continue that counts." So, muster up your courage, dust yourself off, and embark on this journey with renewed vigor and optimism. Your brightest days are yet to come!

Wishing you strength, resilience, and boundless success on your path ahead!
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Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 19, 2024Hindi
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How to Network on LinkedIn. Also if you want to take a break from your job, how many months savings you should hold. My salary is less than Rs. 50,000 and I have a work experience of 6 years in field of education. Please guide.
Ans: Thank you for getting in touch with me on Rediff Gurus. Networking on LinkedIn can be a valuable tool for expanding your professional connections, exploring new career opportunities, and staying updated on industry trends. Start by ensuring that your LinkedIn profile is complete, up-to-date, and professional. Use a clear profile picture, write a compelling headline, and craft a summary that highlights your skills, experiences, and career goals. Include relevant keywords and skills to improve your visibility in search results. Begin by connecting with colleagues, classmates, mentors, and professionals you know personally. Personalize your connection requests with a brief message explaining why you'd like to connect. Engage with their content by liking, commenting, and sharing posts to stay on their radar. Join LinkedIn groups relevant to your industry, interests, or career goals. Participate in group discussions, share insights, and connect with fellow group members who share similar interests or expertise. Engaging in group conversations can help you build relationships with professionals outside your immediate network.

Regarding taking a break from your job, the ideal amount of savings to hold depends on your individual financial situation, expenses, and risk tolerance. As a general guideline, financial advisors often recommend having at least 3 to 6 months' worth of living expenses saved as an emergency fund. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 19, 2024Hindi
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I m psb officer for past 21. 5 yrs and I m likely to get pension only after 3.5 yrs I m frustrated and feeling low owing to my job feel like resigning but can't as I have housing loan and gold loans . Guide me
Ans: Thank you for getting in touch with me on Rediff Gurus. It's understandable to feel frustrated and low after dedicating over two decades to your job, especially when you're contemplating resigning but feel constrained due to financial obligations like housing and gold loans. I would recommend that you to take some time to assess your current situation and explore all your options. Consider the reasons behind your frustration and dissatisfaction with your job. Are there specific aspects of your role or workplace environment that are contributing to your feelings of discontent? Understanding the root causes can help you make informed decisions about your next steps.

If you ultimately decide to resign from your current job, develop a plan for transitioning to a new phase of your career or life. Update your resume, network with professionals in your industry, and explore job opportunities that align with your skills, experience, and interests in banking, finance, consulting, and related fields. 

Finally, prioritize self-care and well-being as you navigate this challenging period. Take time for activities that bring you joy and relaxation, such as hobbies, exercise, spending time with loved ones, or pursuing personal interests. Maintaining a healthy work-life balance and attending to your emotional and mental health are essential for resilience during times of change and uncertainty.

Remember that you're not alone in facing these challenges, and there are resources and support systems available to help you navigate this transition. Take things one step at a time, be patient with yourself, and trust that you have the resilience and strength to overcome obstacles and find fulfillment in your career and life. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.
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Asked by Anonymous - Apr 13, 2024Hindi
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Sir I have completed my b.tech in food technology in 2018. I want to continue my education and pursue PhD in food technology. Would it be wise to go for MSC in food tech?..for personal reasons I can't go for m.tech outside my hometown as there are no Google colleges here that offer m.tech in food tech. Or should I apply for RRB NTPC exam. Would have gone for RRB JE but there is no place for a food tech graduate as far as I know. Do need your advice sir.
Ans: Thank you for getting in touch with me on Rediff Gurus. Deciding between pursuing an M.Sc. in food technology or applying for the RRB NTPC exam requires careful consideration of your career goals, personal circumstances, and long-term aspirations. I would suggest you set your priorities right. You should start looking for job prospects and career opportunities for food technology graduates in both academia and industry. There is a good demand for food technology professionals with advanced degrees in food technology; hence, evaluate whether pursuing a PhD or gaining work experience through government employment aligns better with your career goals. If your priority is to pursue a career in research, academia, or specialized roles in the food technology industry, pursuing an MSc and eventually a PhD may be the preferred path. On the other hand, if job stability, financial security, and government employment are your priorities, then exploring opportunities through the RRB NTPC exam may be more suitable today. By carefully evaluating your options and aligning your priorities with your goals and aspirations, you can make a decision that sets you on the path towards a fulfilling and rewarding career in food technology.
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Leadership, HR Expert - Answered on Apr 19, 2024

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Hello , i am currently pursuing btech biotechnology and it is going to be completed in couple of months. I want to do masters in biotechnology from India only but the problem is currently i have only decided to go for masters meanwhile all the entrance exam related to it were over, now should i wait for next to give exam or take admission in this year only, and the irony is top colleges students are not being placed so this year and biotech field i think has less scope in India so now what should i do ?
Ans: Thank you for getting in touch with me on Rediff Gurus. This decision can indeed be challenging, especially considering the timing of entrance exams and the current state of job placements in the field.  You should start evaluating the available options for pursuing a master's degree in biotechnology in India and researching different universities, their admission processes, and the feasibility of securing admission this year versus waiting for the next cycle of entrance exams. You should also consider factors such as program reputation, faculty expertise, curriculum, and placement opportunities.

But if you decide to wait for the next cycle of entrance exams, consider utilizing the gap year productively by exploring opportunities for internships, research projects, skill development courses, or work experience in the biotechnology field. Building relevant experience and skills during this time can enhance your profile and increase your competitiveness for master's programs and future job opportunities. Ultimately, the decision to wait for the next cycle of entrance exams or pursue admission this year depends on your individual circumstances, preferences, and career objectives. Take the time to weigh your options carefully, gather relevant information, and make a decision that aligns with your long-term career goals and aspirations in the biotechnology field.
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Leadership, HR Expert - Answered on Apr 19, 2024

Asked by Anonymous - Apr 18, 2024Hindi
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Sir I am a 22 years old graduate with a degree in polymer technology from Tamilnadu. I am considering change my career from process engineer to maintenance and service engineer so please guide me on that field is good to join and kick start my career in this arena
Ans: Thank you for getting in touch with me on Rediff Gurus. Transitioning from a process engineer to a maintenance and service engineer can be an exciting career change, offering new challenges and opportunities for growth. But before making the switch, familiarize yourself with the responsibilities and duties of a maintenance and service engineer. This role typically involves ensuring the smooth operation of machinery and equipment, conducting routine maintenance tasks, diagnosing and troubleshooting issues, and performing repairs as needed. With the rise of Industry 4.0, there's a growing demand for engineers skilled in advanced manufacturing technologies such as additive manufacturing (3D printing), robotics, automation, and digital twin technology. Consider gaining expertise in these areas to stay at the forefront of technological advancements in predictive analytics, machine learning, and IoT (Internet of Things) sensors, which are in high demand. Gain knowledge of renewable energy technologies such as solar, wind, and hydroelectric power and explore opportunities in roles related to smart infrastructure, intelligent transportation systems, and smart city initiatives to help build resilient and efficient urban environments. These options align with your background in polymer technology and offer exciting opportunities to contribute to technological advancements and sustainability initiatives in the future. Kindly consider these areas further to identify career paths that align with your interests, skills, and aspirations.
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Relationships Expert, Mind Coach - Answered on Apr 19, 2024

Asked by Anonymous - Apr 19, 2024Hindi
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Hi ma'am, something happened between me and my boyfriend as usual fights. His parents misunderstood him and me as well that I've gotten sick due to our fights and that he left me halfway through my house, which he didn't. And due a lot more misunderstandings he's parents have developed bit of a rage against me and they are blackmailing him to not try to Contact or call me or else they'd end their lives and he is scared cause he is an only child. Even if he wishes and tries to reach me he cannot because of his parents. What can be done in this situation. Now i don't understand shall i wait for him to come back or just move on. Since we haven't met or spoken for the last time. I haven't heard anything from him and his parents are saying he doesn't want to talk to anyone.
Ans: Dear Anonymous,
Do not waste your time...his parents and then him; you will constantly be in a stressful spot convincing either one of them that you are the person. If your boyfriend also feels the same as you about the relationship, then he will do something to support you.
If he doesn't and all that is becoming your job, then seriously do not waste any more time on this. And if he really wanted, he would have found a way of reaching out to you.
The very fact that you haven't heard much from him is a huge red flag. Focus on yourself and better people who respect you and your love will come along...
(My suggestions are only under the assumption that you and your boyfriend are above the age of 18 and 21 respectively).

All the best!
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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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