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
Selling life insurance for dummies
Talk to your customers The first step should always be to talk to your customers. To fully understand how your product can better serve the market, dig in with the people who buy what you already sell. Ask them what’s working for them, what problems they have that remain unsolved, and their priorities going forward. When your customers talk to you about their problems, remember they are often building your roadmap and exposing gaps in the market that create your future opportunities. … [Read more...] about Yes, you can launch a new product in the pandemic. Here’s how
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?
The past few months have seen almost all businesses make dramatic shifts, and the same is true for venture investing. By April 1, I knew I’d been fooled. I had figured COVID-19 would be just a bump in the road for our portfolio companies across Southeast Asia. Lockdowns and other measures were disrupting life in countries from Malaysia to Vietnam, but the founders and CEOs of our firms expected things would bounce back to normal soon. And so did I, until the bad news and grim projections from overseas kept coming. The data points were adding up to a pattern which in no way looked like a V-shaped, or even U-shaped, global economic recovery. … [Read more...] about How my VC fund is helping our companies survive the pandemic