New York wakes to Culture – Karina Pandya – A book review

As an avid reader, I recently had the opportunity to explore into the captivating book, “New York wakes to Culture“. Written by an experienced content creator and author Karina Pandya , this book provides a comprehensive and personal insight into the culture and lifestyle of New York City. The author delves into the city’s cultural identities, exploring the various ethnic neighborhoods that exist within the city and how they contribute to its diverse and evolving culture. The book also highlights the simmering racial tensions within the city and the impact of the US presidential election and COVID-19 on New York’s culture. The author reflects on her personal experience of growing up in New York as an immigrant, with a rich cultural heritage from both her parents’ backgrounds and her own American identity.

The author shares her experience as a journalist working at a New York newsroom and the impact of the COVID-19 pandemic on her work. The author reflects on the need to remain objective while still adding personal flavor to her content and the pressure of balancing her workload with her need to remember the past. The book also explores the various parks and attractions in New York City, such as Central Park, Bryant Park, and Madison Square Garden. The author reflects on her typical Saturday during the pandemic and her experience with the city’s artists, musicians, and TV shows.

Throughout the book, the author grapples with the theme of the indelibility of memory and the struggle between the demands of the present and the importance of preserving the past. The author reflects on her childhood memories growing up in Manhattan and how they have been impacted by the city’s cultural fragmentation due to COVID.

The author also shares her experience of living in a divided society and the racial attack on her parents that eventually led her to leave New York. The author reflects on her comfort zone, her apartment, and her pet cat, and concludes the book with a peanut butter and jelly sandwich, highlighting the small joys in life despite the challenges of living in a fast-paced city like New York. Overall, the book offers a captivating and personal insight into the culture and lifestyle of New York City, exploring the complexities of its diverse communities and the impact of external events on its residents.

Living a Goal Assure Life with Bajaj Allianz Life

We are living in a technological advance era where we are completely spoiled for choices starting from shopping to all kind of services, we are just a click or touch away from our materialistic desires, but in this sea of desires and want are we financially stable to meet our needs and want? Are we goal assured to fulfil our never ending wants to own a house, car or go on a world tour or even save our hard earned money while maximizing it with an investment plan?

Living a purposeful life while taking care of our future and steadily investing our hard earned money can get hard to balance, especially when you have to manage your existing work load, but there is a solution which is fine tuned to provide just the right balance for your investment and future goals, I am talking about Bajaj Allianz Life Insurance’s new plan especially focused on meeting your life goals and investment, the Bajaj Allianz Life Goal Assure , A ULIP designed for maximizing life with added benefits.

The Bajaj Allianz Life Goal Assure Plan is for individuals who are planning to  make the most of their hard earn money by investing and allowing their money to grow and finally meeting their life goals,  investing in a ULIP that grows with time, making sure their target of reaching their desired goals are met

Travel Trip Map Direction Exploration Planning Concept

Some of the significant features of the Bajaj Allianz Life Goal Assure Plans are:

  • Return of Mortality Charges (ROMC) : Once reached maturity the plan offers return of life cover increasing the corpus on maturity.
  • Return Enhancer Maturity benefits on instalment pay out : Once the policy is matured, if the policy holder opts for instalments options on policy maturity amount, they are entitled for further 0.5% for each instalment, and in this period the amount will be continued to be invested in the selected investment in funds options selected.
  • Loyalty Program: Fund Booster is applicable if the policy holder is consistently paying annually and stays invested for 5 years or above on a policy plan which is more than 10 years with a yearly premium of 5 Lakh and above.
  • Tax Benefits: Tax benefits are applicable under section 80C and 10(10D).
  • Versatile Investment Portfolios: Depending upon one’s risk appetite and goals, the premium can be invested in four major funding options like investor Selectable Portfolio Strategy, Wheel of Life Portfolio Strategy, Trigger Based Portfolio Strategy and Auto Transfer Portfolio Strategy.
  • Consistent fund Performance: Bajaj Allianz Life has been in the forefront in the three, five and ten years category by consistently outperforming the benchmark and delivering one of the best CAGR returns, also rated highly in the Morning Star rating agency.
  • Just a Click away: Considering the new generation need to be available online, the website allows complete support to help and decide the plan and apply for it accordingly with advance tools such as Risk Xplorer, Goal-based journey, Returns Calculator and much more.

In case if there is more you want to know about the plan you can visit the website Bajaj Allianz Life

The Hidden Burdens of Making Big Purchases

We are living in an advanced world where grocery is home delivered and cars can self-drive. There has been a limitless advancement in the world of automation that conveniently helps us live a hassle-free life. But there are a few things which take a while in deciding – the need to upgrade on regular bases without hampering the savings. It could be anything from furniture to appliances to even bikes.

Understanding the changing behavioural pattern of humans and the need of change on a regular bases, the invention of providing quality products for rent at monthly/yearly contractual bases was developed by Rentomojo.


What are the benefits of renting furniture/appliances/bikes with Rentomojo over owning it through EMI?

  • Helps you upgrade on monthly or yearly bases with fresh new products
  • Savings on relocation cost as relocation charges are free
  • Service support and free maintenance
  • Cancelling anytime, hassle-free, even if you are in a 12 months contract and wish to end it in the 8th month

Let’s consider an example to break down on hidden expenses that occur while buying stuff. Mr.Know-It-All buys an air conditioner at 35,000 on EMI for 12 months at a 10% rate of interest. He ends up paying 38,500 by the end of the year, plus the hidden cost of installation, regular servicing and breakdown that could end up somewhere around 4,000 per year. So, that adds upto 38,500 + 4000 = Rs. 42,500.00.

Here is a smart alternative – by renting with Rentomojo, we have a typical 3-month summer in most parts of India. Considering this, if you rent appliances such as an air conditioner with Rentomojo at the cost of 1,989 per month, that would add up to 1989 X 3 = Rs. 5,967.00 inclusive of free service, installation, and maintenance. Now that’s called #SmartlyOwn.

Considering the above example, it is evident that renting can be a smarter choice in most of the cases as compared to owning a product. With Rentomojo comes a lot of flexibility to choose products in the time frame convenient to you; with the added feature of free relocating and maintenance is a win-win situation.

Making smart choices and saving right to maximize living is #SubscriptionLifestyle. Let’s pledge to stop spending on monthly EMIs on interest and owning something that will eventually have hidden cost of servicing and maintenance (not to forget the depreciating resale value) and start living a smart and hassle-free life with renting appliances, furniture, and bikes with Rentomojo.

Turning Life Goals into reality with Proper Planning

We as individuals are always seeking to find solace in whatever we do, and how do we find that solace? Well, we often find it when we are sure about it. Now, being sure about something comes after a lot research, thought and planning. Why do we plan things? It’s obvious that we plan things so that we can do that allocated work in a systematic way so that we reach towards finishing it in a planned manner.

Now, you might be thinking by now, why am I talking about planning and being systematic in the above paragraph and what is the relation? Well, this is just to illustrate a broader point of view which many of use ignore while we execute many things in our life, what is that? That is preparing and being goal oriented.

People often live life as it comes and don’t bother planning for their future, why? Because many from us believe that we are earning enough to suffice our needs and wants and we shall be continuing with this pace beating the inflation with constant growth in our respective field of profession or business. But, does this mindset help? Not really!

We only have one life, and in this life we are keen to achieve our goals. Many of us set goals for a better lifestyle, to own new car / new lavish house, earn lot of money or even to have a startup which you always dreamt of to start one day.

Life Goals.jpeg

Being goal oriented with your investment is possibly the most significant way to reach the goals mentioned in the above paragraph, you may ask why? Because a goal  which is set for a specific period of time shall require an investment which grows overtime as years passes by and once the amount reaches its maturity you can avail the sum of amount to fulfill your #lifegoals may it be short or long term.

Talking about goal oriented investment and its significance, I was part of an event conducted by Bajaj Allainz Life Insurance at St Regis, Mumbai on 8th of January, the event showcased an emphasis on why being goal oriented investment can be beneficial in achieving #lifegoals for both short and long term by #investbefikar schemes, and what measures can be taken in terms of right age to invest and systematic planning towards achieving the life goals.

Lot more in details about the Bajaj Allianz Life Insurance plans related to goal oriented investment, stay tuned in the coming days as I shall be sharing the detailed review about the goal oriented investment plans from Bajaj Allianz Life Insurance and let you guys know the significance it might make in your #lifegoals.

Lets Make a Brighter Future and Opt for a Life Insurance Investment Plan

Life Insurance in India is understated due to the lack of awareness and importance, apart from not making it mandatory for every citizen to have a life cover/protection. But due to the trending times, the IRDAI regulations in 2010 made significant changes to make life insurance more appealing to the citizens of India. Let’s have a close look at one such Life Insurance Plan from Edelweiss Tokio Life which will inspire you to think and opt for a Life Insurance if you haven’t taken one yet.
Edelweiss Tokio Life Wealth Plus Plan, which was recently launched in the Indian market, is significantly more than just a Life Insurance plan. It not only covers life but also makes your premium work by investing into Equity and Bond Funds respectively according to the risk appetite which is calculated considering the age and no of years of insurance plan.
Some of the key features of this Edelweiss Tokio Life Wealth Plus Plan are:
1) Allocation of Premium to Equity and Bond funds, which works as a ULIP, so it takes cares of premium as investment and Iife insurance in one Plan.
2) Extra Allocation of Funds: If the Premium is paid on time and within the Grace Period, then from the 1st year to the 5th Year, 1% of Annualised Premium is added to funds and it grows along with 3% in the coming 6th to 10th year of policy, 5% from 11th to 15th year, and 7% from 16th to 20th year of the policy, which is a very robust module of Life Insurance I have come across.
3) Maturity Benefits and Settlement options: At the maturity of the policy, one has the option of gradually getting paid through instalments monthly, quarterly, half-yearly and yearly. This facility can be availed for a period of 1 to 5 years or even on lump sum, whatever is suited. Premium Boosted will be available at the time of settlement, whichever you choose. In case of death of the Life Insured during the Settlement Term, balance Fund Value is payable to the nominee/ legal heir.
4) Partial Withdrawals: Partial withdrawal is available after the 5th year of the policy. Minimum amount withdrawal is 500, and there are no charges on partial withdrawal even if it’s multiple times.

Some additional flexible advantages of Edelweiss Tokio Life Wealth Plus Plan are:

1. Flexibility of Premium Paying Term: At any point of time, you can decide and increase or decrease your premium paying term subject to it is allowed in the plan, other conditions are met in the plan, and previous premiums that are due have been paid.
2. Unlimited Switches: If you have selected to self-manage your premium fund allocation, you can avail the ‘switch option according to your financial priority’ without any extra cost. The minimum amount per switch is Rs. 5000.
3. Unlimited Opt-in and Opt-out Option between Investment Strategies: If you have chosen the Life Stage & Duration based Strategy, you have an option to opt-in or opt-out of it at any point of time during the Policy Term. You may choose the Self-Managed Strategy by opting out of the Life Stage & Duration based Strategy at any point of time during the Policy Term.
4. Unlimited Premium Redirection: If you have chosen Self-Managed Strategy, you can choose to allocate future premiums including Top-up Premiums in fund(s) different from that/those selected at policy inception or previous premium redirection request. This facility is called premium redirection and is available free of cost.
5. Partial Withdrawals: You may withdraw a part of your Fund Value as per your liquidity requirements at any time after the completion of the fifth Policy Anniversary, subject to following conditions:
a. The Life Insured has attained the age of 18 years.
b. Partial Withdrawals will be first adjusted from the Top-Up Fund Value (which excludes the Top-Up Premium locked in for 5 years), if available, and then from the Policy Fund Value.
c. There is a lock-in period of five years for each top up premium from the date of payment of that top up premium for the purpose of partial withdrawals.
d. Minimum amount that can be withdrawn is Rs. 500 per withdrawal.
e. You can make unlimited number of partial withdrawals as long as the resultant Fund Value after payment of such partial withdrawal is greater than or equal to 105% of total premiums paid (including Top-up Premiums).
f. The partial withdrawals will not be allowed which would result in termination of a contract.
g. The partial withdrawals are free of cost.
6. Top-up premiums: You can invest your surplus money as Top-up Premium over and above the Premium subject to following conditions:
a. Top-up premiums are allowed at any time during the policy term, except in the last five years prior to the maturity date and only if all the due premiums have been paid at the time of making the top-up premiums.
b. Each Top-up premium will be invested in separate Top-up account with a 60 months’ lock-in period from the payment date except in case of complete withdrawal.
c. At any point of time during the Policy Term, the total top-up premiums paid shall not exceed the sum total of the base premiums paid to date.
Life and health insurance policy concept idea. Finance and insur
Rising Star Benefits
Following benefits are paid on the death of the parent (policy holder):
• Lump sum amount (based on age of policy holder at policy inception) becomes payable immediately
• Sum of all the future premiums shall be credited to the Fund Value
• All future premiums will be waived off
• Additional allocation will be added to the Fund Value as and when due
• As age of the life insured increases and the remaining policy term reduces, this strategy ensures money is moved automatically from riskier fund to safer fund progressively

This is one of the most significant Life Insurance plans that I have come across, with a lot of added benefits and flexibility. Moreover, it also works as an investment proposition, and everything can be handled in a single plan. All the above benefits make it much better investment option than a mutual Fund. Life Insurance in India has seen a lot of traction due to multifaceted plans by a company like Edelweiss Tokio Life, which help bridge the gap between securing lives.