Sunday 4 November 2012

Re: [www.keralites.net] A humble request

 

One is indeed sorry to hear the plight of people like Mr.Gopinathan.

Both sons and daughters are equally responsible to take care of their parents who are in desperate straits.  I am not very sure how total strangers would help Gopinath when his own daughters wring their hands in helplessness.

If someone else does extend monetary help to the gentleman to reach Kerala safely, how is he going to manage things practically in an alien place - a place he had left decades ago?

As in western countries, our central and state governments should bring in suitable legislation to provide succour to destitute men and women in their sunset years.



 

cris iyer
 


From: Gopinathan Kr <gopinathan_1501@yahoo.in>
To: Keralites <Keralites@yahoogroups.com>
Sent: Sunday, 4 November 2012 4:37 PM
Subject: [www.keralites.net] A humble request

 
Dear Friends,
My two daughters got married as their own choice one with a Christian and the other with a Muslim.Presently I am living with my elder daughter in Delhi. Now coming to the point, as my wife was paralyed and I had to take long leave from the company where I was woking and the result was that I was thrown out from the company as they could not afford me as I was taking long leave.
During my wife's ill health and treatment in private hospital I had to shell out all my earnings including gold ornaments and I am living with my elder daughter  without an income. As  you friends know it is very difficult to  adjust with a son-in-law of other religion. During 2-3 occasions I have been asked to leave the place and take shelter somewhere. Friends you may  advise me to file complaint against them  but I do not want to hurt them in any way.  I thought of giiving news in local malayalm newspapers but my inner mind advised me that that will affect my daughters future life. Accordinly, I decided to leave for my native place but unable to do so because of  shortage of funds.
If any of the friends like to help me financially at this juncutre so that I can reach Kerala safely, please send me an e-mail so that I can provide you the  details you want.  It is once more requested that I do not want to hurt my dauthers or relatives or move legally.
If I am wrong  in giving this information to Keralites, please excuse me and leave it unnoticed.
Thanks and regards
K R Gopinathan

www.keralites.net


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[www.keralites.net] Plan early for health-related expenses

 

Sridhar Iyer's (28) parents are diabetic for several years. Iyer knows that sooner or later he might suffer from the same ailment, as diabetes is hereditary. So, he has already bought a health cover of Rs 5 lakh. Since his parents cannot be covered by any medical insurance, Iyer has set aside Rs 5 lakh in a fixed deposit to meet any medical expenses that might arise for his parents.
While Iyer was sensible enough in planning his and his parents' unexpected medical expenses, Ashish Kumar (37) did not have the foresight to do so. Kumar's wife (35) was recently diagnosed with thyroid. Kumar is now trying to get her insured, but chances are that either the insurance company will consider the illness as pre-existing and not cover it for the initial 3-4 years or permanently exclude thyroid treatment for her. Each family's situation is unique. One needs to assess the situation and accordingly plan for health related expenses. Healthcare costs have been steadily increasing over the years and to avoid a massive drain of savings or investments one needs to plan well in advance. (See Table 1 )
TABLE:1
ANALYSIS OF HEALTHCARE COSTS
Treatment
2012 Cost (Rs)
2007 Cost (Rs)
Increase (%)
Cataract
24,000
16,000
50
Angiography
22,000
14,000
57
Coronary Artery By pass Graft (CAGB)
2,35,000
1,65,000
42
Appendectomy
42,000
28,000
50
Heamorrhoidectomy (Piles)
35,000
21,000
60
Cholecystectomy (Gall Bladder removal)
52,000
32,000
63
TURP (Prostate Surgery)
62,000
37,000
68
Angioplasty (PTCA) with 2 stents
2,45,000
1,55,000
58
Given below are a few situations where adequate planning can ensure that you are prepared.
Taking HEALTH INSURANCE:

Unexpected hospitalisation expenses can be best covered by health insurance. It is very economical, too, to insure ones family at younger age. For example, a family consisting of parents (up to age 35) and two children can be insured under a family floater cover of Rs 4 lakh, for an annual premium of approximately Rs 12,000. Families where the parents are old, efforts must be to insure them as early as possible, lest they become uninsurable after a particular age.
Even in cases where parents have crossed 60 years, there are some insurance companies which offer cover, but with a co-payment clause. This means that a part of the expenses have to be borne by the insured. These policies cover up to 70 per cent of the hospitalisation cost.
Most salaried people are covered by group health insurance provided by the employer. In such cases, too, some employers provide the facility to cover old parents by paying a nominal additional premium. One should take advantage of this facility, as old parents get covered even without undergoing any medical tests.
How much cover to buy:
There is no thumbrule for this, but one can decide depending on the income and responsibilities of the person who is to be insured. Due to increasing stress and sedentary lifestyles, more and more young people, under 35 years, suffer from diseases such as diabetes, hypertension, and so on. At the beginning of your career, in the 21 - 25 years age group, you can start with a Rs 2–3 lakh medical cover and enhance it later once you get married or grow in your career.
For the high income earner in this young age, a Rs 5 lakh health cover would be ideal. For those with a young family (28–35 years) a family floater insurance policy of Rs 3-5 lakh can be taken and increased gradually. Again, depending on your income, you can even take a Rs 10 lakh floater which is now easily available for a family of four (2 adults and 2 children) for an approximate annual premium of Rs 17,500.
For people in the higher age category, such as 40 years and above, individual health cover will be better, as each member in the family will have a separate cover. (See Table 2 & 3)
TABLE:2
COMPARISON OF PREMIUM FOR DIFFERENT AGE GROUPS
Age group
Individual
health cover
Annual
premium
% increase over
slab premium
*Annual % increase in premium
30 - 35 years
3,00,000
4,000
0
0.03
36 - 45 years
3,00,000
4,500
12.5
-
46 - 50 years
3,00,000
7,000
56
-
51 - 60 years
3,00,000
10,000
43
-
TABLE:3
Family floater cover for 2 adults & 2 children
30 - 35 years
3,00000
8,000
0
0.03
36 - 45 years
3,00000
9,500
18.75
-
46 - 50 years
3,00000
14,500
53
-
51 - 60 years
3,00000
18,000
19
-
* Annual % increase in premium taken from age 30 to age 60
Should one opt for add-on covers:
Add-on health covers, such as for critical illnesses, provide a one-time benefit in case one suffers from a critical illness like cancer or specific heart related ailments. It should be ideally taken by people whose parents have a history of hereditary diseases and should not be a substitute for health insurance. Some health policies offer critical illness along with the hospitalisation cover and are economical than standalone critical illness plan. Depending on your income and affordability take this cover, but only after buying a health policy.
Creating a health corpus:

Create a health corpus to cater to unexpected hospitalisation expenses of elderly parents, especially if they are suffering from medical ailments. Not just parents, even other members suffering from uninsurable ailments that require regular medication and may also result in hospitalisation, need a health corpus fund. The size of the fund can depend on the affordability of each family. It can range from Rs 2 lakh to Rs 5 lakh or even more. This money can be maintained either in liquid fund or fixed deposit that can be redeemable at short notice.
Those who cannot set aside such a big amount should start a recurring deposit or a  Systematic Investment Plan in debt funds to create a corpus over a period of time. It is better to be prepared than repent later.
Source: Business Standard
Best Regards
Prakash Nair

www.keralites.net

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[www.keralites.net] Be Kind to Everything that Lives

 
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[www.keralites.net] IT'S LOVE

 

Its love
when your dad screams at you when you don't reach home on time and your not reachable on your phone...
Fun & Info @ Keralites.net 

Its love
when your friend holds your hand tightly on a slippery road.
 
Its lovewhen your brother gives you a tight hug to make you feel better when your upset...

Its love...when your sister wakes you up at middle of the night to tell the silliest of the things, she forgot to tell you earlier..
 

Its love...when a wife makes tea for husband and take a sip before him.
 
Love is not just a guy holding a girl and going around the city.
 
Love is when u send a small message to your close relations & friends and bring a smile to their face..
Fun & Info @ Keralites.net 

Prince

www.keralites.net

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