We often hear from people that their health insurance premiums have gone up even though they haven’t made a single claim. The key thing to understand is this: Health insurance doesn’t work like motor insurance. Your premium doesn’t rise because you have not used the policy. Premiums rise for very different reasons, and they affect entire groups of policyholders, not individuals. So today, let’s understand what really goes on behind the scenes. Health insurance was never a fixed-price product. Many assume that once they buy a policy, the price should remain stable forever. But that has never been true. Insurers […]

To verify an adviser’s fiduciary duty and disclosures, clients should carefully review formal documents, regulatory filings, and direct communications that spell out the adviser’s legal obligations, commitment to act in the client’s best interest, and full, specific disclosure of conflicts and compensation. How to Verify Fiduciary Duty Ask for Written Commitment: Directly ask the adviser for a written statement or contract confirming their fiduciary obligation to act in your best interest always, and their willingness to avoid or disclose any conflicts of interest. Check Regulatory Registration: Confirm that the adviser is registered with SEBI as an RIA, which legally mandates […]

It is projected that the number of ultra-rich people in India—those with incomes over Rs250crs —will increase by 58% during 2022 -2027. First-generation wealth creators will transfer trillions of rupees in business holdings, assets, and investments to their successors over the next few decades. A lot of families are still unprepared for this inheritance. There is a greater chance of conflicts and fragmentation because few have formal estate planning, succession plans, or governance frameworks. The confusion will lead to wealth destruction. Around the world, the second generation loses around 70% of family wealth, while the third generation loses around 90% […]

The session on healthy and happy aging was addressed by Dr AK Sen Gupta, Chief Trustee, My Retired Life Foundation. A.K. Sengupta’s vision is to help retirees live happy, healthy, and productive lives after their professional careers end. He began his talk by clarifying that aging is often mistaken as something related only to old age, but in reality, it is a lifelong process that starts from childhood. It is simply the continuous progression of life over time. There are two key aspects of aging: healthy aging and happy aging. Healthy aging extends beyond physical health to include mental, emotional, […]

We conducted a client meeting on “Happy Aging for Peace & Happiness” on 18th January 2025 at CBD Belapur, which was addressed by two eminent speakers. All the clients who attended the meeting have either achieved or are nearing Financial Freedom. Session 1: Happy Ageing for Peace & Happiness : Self-Unfoldment: The first book authored by Swami Chinmayananda  Presented by Brahmachari Samartha Chaitanya from Chinmaya Mission spoke on the practical guide for peace and happiness in life, offering insights into the nature of the self, the path of self-realisation, and how to live a meaningful and spiritually fulfilling life while […]

AMCs are not able to invest in US stocks due to the imposition of restrictions by RBI. But Indians can invest in US stocks through LRS. Investing in US stocks offers a fantastic opportunity to diversify your portfolio & create wealth by investing in US companies and brands you use daily like Apple, Google, Meta, Spotify, Netflix, and Amazon and gain exposure to some of the world’s largest and most influential companies  For Indian investors looking to explore international markets, the Liberalized Remittance Scheme (LRS) provides an easy and legal route to transfer funds abroad and invest in US stocks. […]

U.S. citizens can open bank accounts in India, but there are specific rules and account types based on their residency status. Whether you’re an NRI (Non-Resident Indian), OCI (Overseas Citizen of India), or PIO (Person of Indian Origin), you can open a bank account in India under certain conditions. Why Open a Bank Account in India? As a US citizen with financial ties to India, having a local bank account can make managing rental income, investments, inheritance, and asset sales easier. It also simplifies sending money to family, using services like UPI, and accessing debit cards when visiting India. Without […]

 We are all familiar with ROI (Return on Investment) but not with ROL (Return on Life). Money is only part of the peace and happiness in life. Many people are so occupied with the career trap that they seem to care little about what happens when they leave their jobs. They have planned little about other aspects of their lives; they seem to feel retirement will take care of itself. But this is not true.   Money has no value in itself. Money is useful only in terms of what you can do with it. Money is a terrible master but […]

We blogged last week on Data Security and Password Management. The Government of India has taken initiatives to educate the users on the best practices that must be followed to protect them from different cyber security attacks and cyber threats. Nowadays, cyber attackers can hack your computer and access your saved data and all other information. There is a need for best practices that protect users and their data from threats like malware, phishing, and data breaches from Hackers or Cyber attackers.  The precautions as initiated by CERT-In (The Indian Computer Emergency Response Team) concerning Desktop, Browser and Email Security are […]

Cyber frauds have become a big menace. The fraudsters are using innovative methods to defraud gullible citizens. The Senior Citizens are the worst victims. Online transactions are becoming universal for all. Taking precautions is the only option. The Government has taken initiatives to educate the users on the best practices that must be followed to protect them from different cyber security attacks and cyber threats. The precautions as initiated by CERT-In  (The Indian Computer Emergency Response Team) concerning Data Security and Password Management are as follows; Data Security: Password Management: The Indian Computer Emergency Response Team (CERT-In) is a Government Organization […]