u/insurewitharnab

AI is making things tough for employees; dependency on employees has reduced in every field, but especially in the tech field. Employers are no longer interested in paying the extra to employees; they are all in layoff action mode. Sudden layoffs leave you shaken, the trauma of which does not go away for many days. I always believe not having backup plans is what scares you. Employees of a very young age, especially with the experience of 1-2 years, are lacking in backup plans. Initially, they are in a fun mood ack little financial knowledge and a lack of much foresight, due to which they face problems at the time of layoffs.

Here, the importance of insurance comes which they usually ignored . Most of the companies offer health insurance, but it ends when they are fired. They are aware of it, but they think they are too young to be diagnosed with any disease, or paying a premium is an extra expense, so they skip the health insurance, but suddenly, if something bad happens, it becomes difficult to pay the hospital bill.

People drawing high salaries are smart or can be said to be experienced, but they also miss the mark when it comes to term insurance. They provide every facility to the family, paying the EMI for the flats, cars, but when it comes to family security, they lag behind, and when they get fired, and suddenly misfortune happens, what will happen to their dependent family?

What are the other problems people are facing who are in that condition?

India's April retail inflation came in at 3.48%, comfortably within the Reserve Bank of the india 4% target. But this low number is hiding the inflation outlook, and in the same way, our three idiots are also ignoring the inflation fear. I have been told that geopolitical tension, especially the Iran war have shaken the global energy market, directly hitting India's economy, which usually depends on imports. The indian rupees has fallen significantly to 96.021 against the US dollar, a 12.49% drop over the past year . Well, the ages of my 3 friends are in the range between 25 and 30, and all are earning. I told them everything will become expensive in the near future. Our hospitals would be more costly, our survival would be more expensive and more importantly, our dependent family will suffer more. Isuggest to buy the health and term insurance to be financially secure, and also recommend taking it from online brokerage sites like policy ghar and, etc., as they provide better comparative prices and also give better support during the policy time.
They are also not serious yet, and they execuse always sound like a stupid one . They are like nothing will happen to me, insurance is a monthly burden, well, my salary is decent, and I can afford it, and lack of trust in the insurance companies.

I will also want to know how many of the same idiots are just my friends or are doing the same, or am I the idiot who is giving advice to them?

A friend of mine recently applied for a small business loan and thought everything was ready — bank statements, GST, business proof, all of it.

But the lender asked for insurance-related documents that were either missing or outdated, and the loan process got delayed.

Honestly, many small business owners don’t realize that lenders sometimes check:

• business insurance
• liability coverage
• shop/office protection
• employee coverage

before approving funding.

I’m curious — has this happened to anyone else here?
Did your lender ask for insurance papers during the loan process?

One who is earning Rs 25k and still wants to manage his finances, how should he approach his financial journey? There are multiple YouTube videos which people tell how to manage finances under 25k, but practically, I never found it possible. For a married person, some expenses are like those he never calculated in his planning and in the end nothing left in his hand.
How difficult or easy for someone to plan their financial journey with this salary?

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Insurance Industry’s Favourite Game: Hide the Important Clause”

Insurance Industry’s Favourite Sport: Making Policies Impossible to Read”

Insurance Industry’s Favourite Activity: Turning Simple Things Complicated”

Insurance Industry Starter Pack: Confusing Terms & Tiny Clauses”

 Insurance Industry Logic: Why Use 2 Words When 17 Will Do?”

 Insurance Companies After Inventing Another Confusing Term: 😌”

 Insurance Industry’s Favourite Magic Trick: Making Coverage Disappear”

Insurance Policies Explained Before They Mentally Exhaust You”

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I started investing my money in 2019, and it's been 6 years, and my portfolio is only showing a return of 5%. In the very peak time, it went to 10% only. I have always heard that money in mutual funds doubles every 5 years, but I haven't seen anything like this since 2019.
My plan to invest in the mutual fund is for the next 20 years, but I am not sure whether I will get the return that I heard about or not

Should I continue investing, or should I look at some other options?

My age is 32, and I am married, and I want to take out insurance for the future security of my family. There are two options that have popped up: one is term, and the other is life insurance. I searched a lot but can not get a satisfactory opinion.
I am also concerned with most of my friends and agents, too, but the agents are only giving me those solutions which they are selling . I have been investing in mutual funds for the last five years

I need good, strong advice on which option I should choose.