This is a bit morbid, but extends your duty of care even when you are not there anymore. In my book Let’s Talk Money, the chapter on Life Insurance asks you to do this exercise to figure out what the family’s life looks like after you are gone. Shut your eyes and imagine you are...
Do not rush into anything. Slow and steady steps will take you towards a more secure future. Even though we believe that we will not be able to live without a loved one, the physical body has a routine that will prevail. The running of the house too has a rhythm that will ask to...
It helps to have a list of things we are searching for and know where to look We’re trying to reconstruct the money life of the person who is suddenly not there to look after all the things that needed to be done. In this piece, I discussed the seven important people to contact as...
How to retrace the digital footprints of the deceased This is a series to help reconstruct the financial life of a person who is no more. While death never came with just old age, but the Wuhan virus has brought the fragility of life right into our homes. In this piece, I discussed the seven...
The rebuilding of a financial picture of the person who is no more is key to getting back on your financial feet The calls for help are many. Somebody has lost a spouse. Somebody a parent. Somebody has lost a sibling or a close relative or friend. The healthcare battle being lost, we now need...
With health insurance becoming more important than ever amidst the harsh second wave of covid-19, data from states across the country suggests that only 51% of the covid-19 claims received from the beginning of the pandemic have been settled. Tamanna Inamdar breaks down how to make your health insurance policy work for you on the...
Insurance companies are in focus as the Insurance Regulatory and Development Authority of India (IRDAI) has received complaints about COVID policies not being offered and renewed. Atul Sahai, CMD of the New India Assurance Company and Monika Halan, Author of Let’s Talk Money shared their views. “As far as New India Assurance is concerned, I...
“Financial freedom is available to those who learn about it and work for it.” – Robert Kiyosaki Coronavirus pandemic has made us realize true importance of managing our own finances. In times like these when people are losing jobs, experiencing salary cuts, businesses suffering due to country wide lockdowns etc. we can understand why knowing...
Mis-selling by banks has been flagged, caught and proven multiple times in the past decade, but nothing other than half-hearted circulars have emerged from the Reserve Bank of India (RBI). For a regulator, that is also the central bank for a $3 trillion economy, busy with large issues like monetary policy and government debt, the consumer protection...
The Franklin Templeton (FT) story gets worse every few weeks. Reena Zachariah reports in The Economic Times that the fund house is trying to make a domestic capital market regulatory issue into a foreign policy issue for India. She reports that the global and Indian senior management of the fund house has reached out to the India’s...