Health plans usually have sub-limits for every expenditure (e.g. a limit on ambulance costs, room rent costs, etc.). Look for a policy with higher sub-limits, or preferably, no sub-limits on individual expenses. Some health plans require you to pay a specific amount in case of hospitalisation. Check this clause to understand how much you need to set aside for this. Read through the exclusions (illnesses that are not covered by the policy) to be aware of the costs of illnesses you will need to bear. Purchase a separate health plan for your elderly family members since insurance companies usually levy certain restrictions on coverage for seniors. … [Read more...] about 3 critical steps to take before you start investing
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For the study, published recently in Science of the Total Environment, researchers in each city took particulate air matter measurements when driving during morning and afternoon peak hours and off-peak hours while enabling three different settings on their cars: windows open, windows closed with the fan on, and windows closed with air-conditioning recirculation on. They all drove the same kind of car, during similar weather, and followed routes that had similar air pollution exposure situations, such as passing congested main roads and then driving through residential areas. … [Read more...] about How much air pollution you’re exposed to in traffic depends on if you use air-conditioning or not
But considering everything, it makes sense to shift your home loan only if there is a difference of at least 50 basis points between the new and old rates and the remaining tenure is at least 10-plus years. For loans where the tenure left is less than 10 years, the interest difference should be much more than 50 basis points. … [Read more...] about Why lower interest rate alone should not push you to switch your home loan lender
When estimating your post-retirement expenses, do not forget to factor in cultural needs such as gifting. I remind many to factor in giving (charity) as well. So is the case with the cost of pursuing your hobbies. If you want to pursue any kind of entrepreneurial dream, build a corpus for it, so that such that the venture’s success or failure does not impact the security of your retirement. … [Read more...] about How much money do you really need to be financially independent?
"Our education system has always been a slave of our evaluation system, and it will continue to be so. The plan to make board exams easy is not going to address the root cause of the problem which is the focus on rote learning. The emphasis will still be on year-end exams, the need is to do away with the concept of evaluating students at the end of the session, be it easy or difficult," Sisodia told PTI in an interview. … [Read more...] about NEP’s proposal to make board exams easy will not address issue of rote learning: Manish Sisodia