Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

People are naturally optimistic, and that positivity helps them enjoy life, love, and even try new things like tasty cheeseburgers or space exploration. But this optimism has a downside, especially when it comes to getting ready for tough times in the future.

Sometimes, our hopeful outlook on the future makes us forget to plan for unexpected money problems. Depending only on being optimistic without preparing enough is a risk that many of us can't afford.

So, it's important to find a balance by being practical. That's where understanding insurance comes in handy.

In the first part of the episode, the things to consider before selecting the insurance cautions against relying too much on work insurance plans, and discussed common mistakes people make with health insurance."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

In the initial segment of the episode, we explored key considerations before choosing insurance and common mistakes often made in health insurance.

If you haven't listened to part 1 yet, we strongly recommend doing so before proceeding to part 2.

In the subsequent part of the episode, we delved into topics such as the tax benefits linked to insurance premiums, the cautionary aspects of depending on multiple insurers for cashless claims, and the psychological factors that influence decisions related to insurance."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

Social media has become a big part of our daily lives, whether we're enjoying content from our favorite brands, shopping live, or trying on things virtually. Thanks to the widespread use of the internet, there are now 467 million social media users in India, and 89% of them are active every day.

A survey found that in the last year, U.S. adults spent a whopping $71 billion on impulse purchases influenced by social media. This is more than the GDP of countries like Slovenia, Ghana, or Jordan. Surprisingly, 57% of these impulse buyers regretted at least one of their purchases.

This brings us to an important question: How does social media affect our spending habits psychologically?

In the first part of our episode, we talked about how social media shapes the way we make choices, the excitement created by marketing, and the importance of ethical considerations when businesses use social media."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL, and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

In the first part of the episode, we talked about how social media affects the choices we make, and why it's important for businesses to be ethical on social media.

If you haven't heard Part 1 yet, we highly recommend you check it out before delving into Part 2.

In part 2, we discussed what makes people buy things, how influencers on social media work, and why it's important to be careful about creating fake excitement."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

According to the India Retirement Index Study,  more than 80% of urban Indians fear they will run out of money in retirement and 59% of urban Indians believe their savings won’t last even 10 years in retirement.

Hence, it becomes important to consider retirement planning as a crucial part of financial planning, especially our parent's retirement. 

Parents often make significant sacrifices for their children, going above and beyond to meet their emotional needs and provide the best possible education. Although it's impossible to fully repay them for their efforts, expressing gratitude through a thoughtful retirement plan could be a meaningful gesture and will allow them to enjoy a life of respect and dignity without compromise. 

In the first part of the episode, we discussed the importance of planning for retirement, the challenges of retirement planning in India, and emerging trends in retirement planning. "

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Get holistic financial planning with 1 Finance - https://1finance.onelink.me/5Kxt/otep19

In the first part of the episode, we talked about the specific challenges India deals with when it comes to retirement planning. We also highlighted why it's crucial to include retirement planning in your overall financial strategy.

If you haven't checked Part 1 yet, we recommend checking it out before moving on to Part 2.

In the second part, we discussed important goals for both the short and long term that individuals and families should think about when getting ready for retirement. We also looked at how planning for parents' retirement involves estate planning. Lastly, we tackled the challenges families might face when talking about a retirement plan and shared some tips on how to handle these challenges."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

Artificial Intelligence or AI has the potential to revolutionize various industries by reshaping fundamental aspects, from business models to value chains. However, few industries rely on AI’s foundation, that is data, as profoundly as the insurance industry. 

While technology offers significant advantages, it also introduces inherent risks that demand careful consideration. These risks encompass issues like bias, discrimination, exclusion, transparent data usage, privacy concerns, and the need for clear explainability.

In the first part of the episode, we will explore the transformative impact of AI on the insurance sector. We will delve into how AI is revolutionizing underwriting processes, predictive analytics, and dynamic pricing, ultimately leading to more efficient systems for insurers and lower premiums for policyholders."

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.

In the first part of the episode, we explored the transformative impact of AI on the insurance sector, highlighting the substantial changes it has brought about. If you haven't checked the part 1 we highly recommend you to give it a listen before delving into part 2. 

In the second part of the episode, we will discuss positive changes and risks associated with AI in insurance. We will also delve into legal provisions addressing bias and fairness in AI for insurance in India." 

*Disclaimer: Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Registration granted by SEBI, membership of BASL and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Quotes or authorisations in this podcast are provided solely for educational purposes and relate to third-party products.