Friends, I am writing this topic because not many of us know the Indian constitution and its components.
Our constitution came into force on 26th January 1950. This is known by many but not many know that actually our constitution was adopted on 26th November 1949 but it was enforced from 26th January 1950. Reason being 26th January was celebrated as republic day since 1930 as on this day the demand for “Poorna Swaraj” (complete independence) was initiated.
The process of developing the constitution was started in 1946. This was developed as the leaders of Freedom movement thought that Free India would not be governed by rules made by British. Hence for making the constitution, a constituent Assembly was set up.
The Constituent Assembly contain leaders like Maulana Azad, Pt. Jawaharlal Nehru, Sardar Vallabbhai Patel, Dr. Rajendra Prasad, Dr. Babasaheb Ambedkar, J.B. Kriplani and Others. The total members included in the Assembly was 299.
Dr. Rajendra Prasad was the President of the Assembly. The first meeting of the assembly was held on 9th December 1946. The Constituent Assembly further created the committee like Committee on National Flag, committee on Fundamental rights,Draft Committee and so on.
These sub committees researched and recommended the lines for Draft Constitution. It was the responsibility of the Draft committee to prepare the Draft Constitution. Dr. Babasaheb Ambedkar was heading the Draft committee. Dr. Babasaheb Ambedkar has great knowledge about various constitutions. He prepared the draft constitution and presented before the Constituent Assembly. This draft was then discussed, amended and revised. Incorporating various changes to the draft and replying to the queries of the Assembly was responsibility of Dr. Babasaheb Ambedkar. Due to this fundamental contribution of Dr. Ambedkar towards the constitution, he is known as the “Architect of Indian Constitution”
Thus the Constitution of India came into force which not only safeguard the rights and liberties of citizens of India but also determine the course of functioning of the country.
Do you know which state of India receives the first rays of the sun? Do you know the Indian state where you require special permit to visit? Can you answer the largest state of seven sisters in North east region? Before you need to google these answers, please read the below details
Arunachal Pradesh, also popularly known as the Orchid state of India is answer to all the above questions. The Sanskrit meaning of word Arunachal means “The land of Dawn-Lit mountains”. This state shares international border with China, Bhutan and Myanmar. Though tourism in north eastern region is on the rise, but Arunachal Pradesh is the place yet to be discovered by tourists. There are so many tourist places in Arunachal Pradesh which will mesmerize you with its beauty. Not only this, there are various things to do in Arunachal Pradesh from trekking, rafting to wild life exploration and music festivals. So, let’s explore what this jewel has to offer to tourists.
Places to visit
The state is gifted with its picturesque landscapes containing lush green mountains, deciduous forests, rivers and orchids which is nothing less than a bliss. However, we list here top 5 tourist places in Arunachal Pradesh to visit this season
Tawang- One of the most visited tourist places in Arunachal Pradesh, this city is located 10000 feet above sea level. Surrounded by lakes, the city offers a beautiful view of nature with an essence of spirituality. The place is also famous as it is the birth place of Dalai Lama.
Visit to Sela pass- One can view the snow-clad river
Nuranang Waterfalls
Madhuri lake
River rafting at Kameng river
Tawang Monastery – Image source – wikipedia
Itanagar -This capital city of Arunachal Pradesh. Visiting to Arunachal Pradesh and missing Itanagar is not advisable. The city has lot of attractions to offer like
Itanagar Wildlife Sanctuary
Namdapha National Park (Spot red panda- rare species)
Polopark – Botanical garden
Ita fort
Itanagar- Imagesource- blog.railyatri.in
Ziro – Popularly known as Apatani Plateau, this place is been declared as a world heritage site. The place is famous for its serenity and hills. Some of the points to visit are
Meghna Cave temple
Bamboo Grove
Dolo Mando (for Trekking and adventure enthusiasts)
Dilopolyang Maniipolyang (For nature lovers)
Ziro – imagesource- tripadvisor.in
Bhalukpong-. One of the best tourist places in Arunachal Pradesh to offer hiking, trekking and river rafting. The breathtaking views of this place is Kameng river running through the forests making it attractive. Places to visit are
Bomdila – If you love to view the snow-clad Himalayan mountains, then Bomdila is the place to visit. The place is also famous for apple orchards.
Bomdila – Imagesource-gu.wiki
Things to Do in Arunachal Pradesh
We list out for you the things to be done which should be must in your list during your visit.
Visit the Namdapha National park to spot the Red Panda. This park is also the third largest national park in India
Ziro Music Festival- This festival is one of its kind. One such thing is that the festival never repeats a band and no artist can perform here twice.
Tawang Monastery – Being the second largest monastery in the world, visiting this place is itself an experience. Huge doors of 925 feet long and 10-20 feet high, various edifices and an 8m tall statue of Buddha will make you realise the beauty of this structure.
Solung festival – The festival is famous for serving the freshly brewed rice beer. This festival is must visit to witness the different culture of tribes
Trek to Gorichen Peak – situated at 22500 feet above sea level, this trek is ideal for nature lovers and a challenge to adventure trekkers.
Nuranag waterfalls
Trek to Talle valley
How to Reach
By Air
Tezpur in Assam is the nearest airport to visit to Arunachal Pradesh. Various taxis and state-run bus services are available to reach to the state.
By Train
Harmuti train station (Assam) is nearest railway station. From there you can visit to Itanagar and other cities of the state.
By Road
The state is well connected by roads and inter-state bus services are available from towns of Arunachal Pradesh to other cities.
Best time to Visit
Located at high altitude, Arunachal Pradesh has a cool climate throughout the year. October to March is the ideal time to visit this state as it is winter during this period. Also many festivals and traditional cultural events are celebrated this time so it would be great to experience this events.
Welcome to my page and today I am going to review the latest book from Author Durjoy Datta titled “Wish I Could Tell You”
About the Author
Durjoy is an Indian Author whose writes mostly related to love genre and most of his works are best selling novels. He is very famous among teen readers.
I have read one of his previous novel “When Only Love Remains” which was again a book in romance genre. The story of this one is amazing too.
Coming to review of “Wish I Could Tell You”, this one is a complete opposite in terms of blending of characters, sequence of the story and the romantic take as compared with his previous book above.
Storyline – The story is about the girl Anusha and guy Ananth who both work on Wedonate.com. (a crowdfunding organisation) but at different times. Anusha is heartbroken and sees world in a negative aspect whereas Ananth is completely different. However there are 2 more important characters in the story Gautam and Mohini and how these 2 characters are blended with Anusha and Ananth is something worth to read. Anusha is interested in working for entertainment project whereas Ananth is more inclined towards working for charity. Both are placed in departments which is opposite to their preferences. Anusha is looking for cause worthwhile to raise fund for but Ananth believes that any cause is worth funding however small it is.
The story runs from them joining the organisation to visiting their respective families and how their families too get entangled in all this job. Whether Anusha fells in love with Ananth? Will Ananth confess love to Anusha? What has Gautam and Mohini got to do with Anusha and Ananth? Answer to all these question forms the mainstay.
Plot Analysis – The story start slows and takes time to build the character but that’s how Durjoy’s style of writing is. There is no chapter wise index but every topic is written from a character’s point of view. The story will keep you hooked to the book because the suspense element is retained till the end. I got confused between the characters in mid level but as you read you understand the plot. I feel the book concluded on an open note and think the author needs to pen down the part 2 of this story.
Message- The book conveys message about people who through their experiences develop notion about the world but sometimes an entry of some person in one’s life is like a breathe of fresh air. And then the whole world seems to be good and life worth living.
Recommendation – I would recommend this book strictly to them who love reading pure romantic novels without the spice of sex or glamour. The story as mentioned is incomplete and should surely have a second part to it. Overall good to read once.
This is the final part of the blog where Mr. Sharma and Mr. Nalanda are having conversations about LIC Policy. You can refer the previous 2 parts of the blog by clicking here
Mr. Sharma- What is average claim settlement amount sir?
Mr.Nalanda- Average settlement amount is the total amount settled by the insurer when the policy is presented for claim. If you see the below table, you will be astonished to see the LIC ranking.
Source – Basunivesh.com
Mr. Nalanda- Can you check this table (handing over the above table to Mr. Sharma). This table shows that average claim settled by LIC is less than Rs. 2 lakhs even though it has highest claim settlement ratio. Aegon, and Aviva are insurers whose average claim settlement amount is above 75 lakhs. LIC stands 2nd last after Sahara in this table. I don’t deny that LIC settles most of its policies but the amount it settles are majorly those whose settlement size is not more than 10 lakhs.
Mr. Sharma was sweating now. Putting aside the paper in the table, Mr. Sharma was ready to answer to Mr. Nalanda for this.
Mr. Sharma- Sir, agreed that average settlement claim amount is less than 2 lakhs but you have a guarantee for LIC. Insurance is not a one time affair but a long term contract between insurer and customer. Suppose you take a term insurance from one of the private company for say 30 years. You pay the premium and you are covered for Rs. 1 crore. What if the company from whom you have taken Term Insurance gets liquidated or close down its shop. Nowadays even big corporates go bankrupt but this is very remote possibility with us. We have a market share of 72% during April to Sept 19 in life insurance business (source- economic times 14th Oct 2019) . LIC is been here from last 63 years earning trust of people which is not the case with your private insurers. You can take an example of Jet Airways, India’s most loved private airline, too closed down.
Mr. Nalanda – Agreed Mr. Sharma that there can be situations like this but do you know its not easy to close down the insurance business once the license is granted. Here are few of the points which I will mention to clarify your doubt.
Insurance business is directly governed by IRDA. The same authority which monitors LIC so you need no to worry about compliance and regulatory framework.
To get insurance license, a company needs to have 5 years of profit in each quarter of the financial year. After fulfilling this condition, license is been granted by IRDA to the entity who wish to start Insurance business.
Minimum Capital required to start insurance business is Rs. 100 crores. This amount is to be deposited with IRDA. This shows only the wealthy companies can start an insurance business.
A solvency ratio margins is required to be maintained by each insurance company. (solvency ratio is an amount of money to be kept by insurer with IRDA in order to pay the claims during exigency.
Current Solvency ratio is 150% of the liability i.e if the liability of the insure is say Rs. 100 then insurer has to maintain Rs. 150 as reserve in order to settle the claim of the insured.
A higher solvency margin depicts insurer’s capability to settle the claims and sustain in the long run.
Mr. Nalanda – Do you know Mr. Sharma what is the Solvency ratio of LIC?
Mr. Sharma – No, Sir.
Mr. Nalanda- Why dont you refer this table. (Mr, Nalanda hands over another paper to Mr. Sharma)
Source- IRDA Annual report – 2017-18
Mr. Nalanda- The Lowest solvency ratio in thia table is of LIC which is just above the minimum requirement. Lastly your question regarding sustainability, I would like to mention that no Insurance company is allowed to shut down the insurance business. A company cannot shut its insurance business on its own desire. It has to instead merge with a new company in order to serve the existing customers. An insurance company cannot run out of its responsibility towards the insured. Therefore all companies have to comply with the regulations of IRDA including LIC.
Mr. Sharma in a speechless mode but still trying to sell the policy.
Mr. Sharma – Sir, I still believe that LIC supports you at your tough times. I guess no insurer provides you any loan basis your term insurance policy. If you take this loan, then LIC provides you loan basis your surrender value and other conditions. Doesn’t this save you from procuring any loan from other bank who charge such a high rate of interest?
Mr. Nalanda- Agreed Mr. Sharma, but do you know now you get loan against you mutual fund?
Mr. Sharma- Loan against Mutual funds? Are you joking
Mr. Nalanda- Yes, recently HDFC has started giving loan on your mutual funds upto Rs. 2 lakhs. Other than HDFC there are other NBFC’s and entities who provide you loan above Rs. 2 lakhs against your mutual funds. So even that part is taken care of.
Mr. Sharma (somewhat irritated)- Sir, if you know so much then why have you called me for LIC policy. You could have simply taken the Term insurance and invested in Mutual funds.
Mr. Nalanda without uttering a word having taking the last sip of tea smiles on his own.
Thanks for reading this post which stretched to 3 parts. If you like this post then send your comments and subcribe to my blog for more such interesting topics.
Disclaimer – The views expressed in this article is the author’s view and in no way assures that this would be the best combination of investment and insurance for everyone. For any suggestions, please identify your requirements and check with your Investment and Insurance advisor for the optimum returns on your money.
Hi friends, this is the 2nd part of the same post. You can check the 1st part of the post “Is LIC the best insurer for you”. Below is the continuation of the conversation which takes place between Mr. Sharma and Mr. Nalanda
Mr.Sharma – But Why? Sir? This is LIC’s highest selling policy. This policy sells like hot cake. People not only buy this but invest it in this policy big time.
Mr. Nalanda – Mr. Sharma, have those people calculated the IRR while buying this policy. Do you know what is IRR?
Mr. Sharma – IRR? what is that Sir?
Mr. Nalanda – IRR means internal rate of return. This is the return rate at which my investments amount exactly equal to the returns given by them. While checking the returns and my premium, this policy only gives 6% IRR. Do you know what, if i approach a bank for Recurring deposit of same amount for 25 years, it will provide me a similar return. So why should i buy this policy?
Mr. Sharma- But they wont provide you with Insurance and Rs. 10 lakhs after your death. Is 6% return including Rs. 10 lakhs after your death?
Mr. Nalanda – No, excluding.
Mr. Sharma- That’s it!. If you calculate Rs. 10 lakhs additional then it should give you more IRR.
After doing some calculations, Mr. Nalanda speaks
Mr. Nalanda – Yes after including the additional Rs. 10 lakhs , IRR improves from 6% to 8.23%. But still this is not a great return to invest to?
Mr. Sharma – Then which policy or investment would give you such return. Even PPF gives you but that doesnt gives you the insurance amount?
Mr. Nalanda – I have done my homework Mr. Sharma. I will explain to you. I will buy a term insurance plan. Any term insurance plan for Rs. 1 crore would roughly cost around Rs. 12000 max yearly for my age. If I remove 12000 from my proposed investment amount of Rs. 45000 , I still have Rs 33000 to invest, right?
Mr. Sharma- Absolutely right. But term insurance would not give you any return. Its a pure insurance.
Mr. Nalanda – Right you are. But if something happens during the tenure of my term insurance, my family will straight away receive Rs. 1 crore whereas in your LIC policy, i will receive Rs. 26.71 lakhs after 25 years which is approx 1/4th of the Rs. 1 crore.
Mr. Sharma- But sir you will not get this amount in your hand. It is your family who will receive this benefit. So you wont enjoy the money you would be investing.
Mr. Nalanda – why not? I still have left Rs. 33000 from my Rs. 45000 which I can invest in any Mutual fund.
Mr. Sharma- Mutual Fund? Dont you see the markets are so volatile and mutual fund will not give you good returns. Infact there is every possibility that you might lose what you invest.
Mr. Nalanda – Agreed but have you heard about debt mutual funds. These are mutual funds whose 90% to 95% and above contribution is invested in government bonds and debt securities. Rest from 5-10% of contribution is invested in Securities and markets. Track any debt mutual fund for more than 5 years and it has indeed given more than 6%. Please see the below chart for your reference
List of Top 10 Performing Debt Funds in India
with Returns
Mr. Sharma just took a glance to the list above and after some few seconds he thought and replied
Mr. Sharma- Sir, agreed that mutual funds returns would give you good returns and again taking term insurance for Rs. 1 crore will provide you good return. But have you thought about taking term insurance about private company. Do you know whether they will pass your claim and pay your family Rs. 1 crore. LIC is been know to have a claim settlement ratio of more than 98% (2018-19) where they settle the policy amount 98 times out of 100. These private insurers would not be reliable and not to forget that LIC has a government backing which these private insurers lack. Please refer the table below
Insurance Provider
Death claims received
Claim settlement ratio
Death Claims Paid
Claims Pending
LIC
7,55,901
98.31%
7,42,243
0.50%
Max Life
9,223
97.81%
8,804
0.10%
Birla Sunlife
8,436
94.69%
8,055
1.70%
Tata AIA Life
3,873
96.01%
3,659
1.00%
Star Union Daichi
1,266
84.05%
1,191
0.30%
ICICI Prulife
12,309
96.68%
11,546
0.80%
PNB MetLife
2,466
87.14%
2,290
1.50%
Bajaj Allianz
20,661
91.67%
18,978
3.00%
Kotak Mahindra Life
2,686
91.24%
2,437
3.20%
HDFC Life
12,189
97.62%
11,031
2.30%
SBI Life
14,876
96.69%
13,303
3.20%
Sahara Life
778
90.21%
700
3.60%
Aegon Life
460
97.11%
413
0.20%
Canara HSBC
576
94.95%
516
3.10%
Exide Life
3,432
96.40%
2,955
1.60%
Reliance Life
18,142
94.53%
15,211
5.80%
Future Generali
2,160
89.53%
1,808
1.80%
Aviva Life
1,690
90.60%
1,396
0.50%
Bharti AXA Life
1,112
92.37%
900
2.90%
IDBI Federal Life
1,017
90.33%
736
4.30%
India First Life
1,655
82.65%
1,195
5.00%
Shriram Life
1,960
63.53%
1,307
11.20%
DHFL Pramerica
953
90.87%
545
6.50%
Edelweiss Tokio
119
93.29%
68
5.00%
Source: Policybazaar – CSR for the year 2018-19
Mr Nalanda – Agreed that LIC is the top insurer whose claim settlement ratio is so high but what is the average claim settlement amount done by LIC? Do you know that?
Mr. Sharma- What is now average claim settlement amount?
Now Let’s see what Mr. Nalanda is asking in the final part of this post which will be released soon.
Insurance- this word comes to every person’s mind whenever he feels any risk associated with his life. Be it his life insurance, be it home insurance, car insurance and the so on. So, everyone today has taken an insurance policy for himself. It could be either the person is enrolled in his corporate office policy or someone has subscribed to personal insurance policy. But if you ask one general question to any Indian whether they have taken an insurance and the answer would be “Haan, LIC liya hai maine?”
So, the word LIC and Insurance has become so synonymous just like search engine and Google. If you ask someone to search online then people say “ki google karke dekh, main google karke check karta u, or iska kya process hai just google yaar, etc?”
There is nothing wrong in it because sometimes the brand
visibility becomes so strong that people start recognizing the brand with the product/service
and this has what happened with LIC too.
However, the topic here is not about LIC means
insurance but the topic I want to discuss here is “whether LIC is the right
insurer for you?”
You guys will say if not LIC then who? Not private
insurers of course. Private insurers don’t have the government backing. I am
putting my hard-earned money in LIC and I want guaranteed returns.
Absolutely correct, nobody wants to burn their hard
earned money but how many people know to manage their money? Their investments?
Their needs of insurance? Very few, I must say.
Many Indian blindly enroll for LIC policy with just one notion in their head. LIC is backed up by government and hence my money is safe. Many people subscribe to LIC policy without doing their homework about their insurance needs, their savings, their financial goal and their tax savings. There is nothing wrong in taking LIC policy, it is just that you need to check whether the policy is really beneficial for you or you just enroll it for the sake of tax saving.
To give insights to you guys, I am presenting to you
one scenario where one agent Mr. Sharma pitches to sell LIC policy to Mr.
Nalanda at his home.
Door Bell Rings and the door is open by Mr. Nalanda
Mr. Sharma – Good morning sir, I am Mr. Sharma from
LIC.
Mr. Nalanda- OH yes, come in Mr. Sharma. I was waiting
for you.
Both Mr. Nalanda and Mr. Sharma occupied the seat.
Mr.Naland – So how are thing going Mr. Sharma
Mr. Sharma- Very bad sir, the economy is not in good
shape and the businesses are in losses.
Mr. Nalanda- I know, but you need to wait for economy
to bounce back.
Mr. Sharma- Due to slowdown, many corporates are also
negotiation about the premium or theyhave reduced the sum assured of their policy
Individuals have deferred too buying insurance policy.
Mr. Nalanda – Is it?
Mr. Sharma- Anyways Sir, choddho yeh sab batein (Sir,
leave this conversation now). I want some signature on your form to enroll for
policy.
Mr. Nalanda- Would you like to have a cup of tea?
Mr. Sharma- Yes Sir tea will do. By the way this is
the form and you need to answer some of my questions.
Mr. Nalanda- But can you tell me what the name of
policy is? What is the tenure? How much amount I need to pay? Monthly or
yearly?
Mr. Sharma- Yes Sir, the policy name is new Jeevan
Anand. Tenure would be 25 years. Premium would be approximately Rs. 45,000/-
yearly. You can pay monthly or yearly depend on your convenience. Believe me,
this is the best policy for your investment.
Mr. N : What would be the maturity amount? My age is 30
years. And Tenure of 25 years seems to be good to me.
Mr. Sharma- Premium would be around 45 thousand with around 2% plus or minus. Check the benefit illustration sir
which will help you to understand.
Age of the Insured- 30 years
Policy
Term – 25 years
Sum
Assured- Rs. 10,00,000
Annual
Premium – Rs. 45,787
Total
Premium Paid- Rs. 11,21,100
Year of Investment- 2019
Mr. Nalanda
after seeing the table- So you mean to say if I invest Rs. 11,21,011 in a span
of 25 years what I get is Rs.. 36,75000/-
Mr. Sharma-
Yes sir.
Mr.
Nalanda- What is this Life Long Coverage Rs. 10 lakhs amount?
Mr.Sharma- This
is the great benefit of this policy. LIC assures to pay an additional amount
equal to sum assured of to the nominee
of your policy in case of your death after the maturity of the policy. In the
illustration case is Rs. 10 lakhs hence an additional coverage. Isn’t it great?
What do you say?
Mr. Nalanda-
I will not enroll for this policy. Don’t think so it is a great one.
I am back again. This time talking about one of the famous restaurants in Thane. Any guesses.. check the image below please
Utsav restaurant
Yes, UTSAV restaurant. This is one of the finest Pure Veg restaurant in Thane. The one which I dine was in Panchpakhadi area in Thane west. However they have their one more branch in Thane west next to Viviana mall which is much bigger and spacious than this one. But I preferred the old one because I found that near to my vicinity.
I found the ambience of the restaurant was good but it was not that big as a restaurant. The size of the Restaurant would be roughly around 1000 sq foot plus one floor above. Seating arrangement was good and there was enough space for people to move around. It had an A/C section inside and non A/C was strictly an open space touching the road. The payment desk was located in non A/C section where the cashier was sitting. Check out some of the pictures below for the ambience.
Non A/c Seating ArrangementEntrance door for A/c seating
Talking about Food
I have been to this restaurant quite some time and every time I am satisfied with whatever dishes were ordered. Be it Chinese, Punjabi or Italian, food served here is yummy. This time we have ordered Papad along with Pav bhaji, Paneer chilly and Fresh lime soda. Check out some images below
Masala Papad
Service of the Restaurant
The good thing about this food place is service is extremely fast. One moment you order and the next moment the food is placed in your table. Atleast I didn’t face any problem waiting for food to come to my table. The manager too was extremely cordial and was trying to accommodate till the time we get our table.
Some Cons
The restaurant is good, food is good and service is excellent but few points for improvement.
As the restaurant is located next to road, car parking is a bit of hassle. You don’t get the dedicated parking near the restaurant.
The restaurant is bit pricey. Yes, you heard right. The cost for 2 people dining should certainly come approx from Rs. 800 to 1000. I felt few regular dishes were priced higher than other pure veg restaurants.
The space for vegetarian dining was not very attractive and also less compared to A/C dining.
In all, the restaurant is good who have knack for delicous food and for people who are close to the vicinity of the restaurant.
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