Latest news with #VihaanGupta
Economic Times
16-06-2025
- Business
- Economic Times
Insurance is a risk cover and not an investment: Don't confuse the two
Vihaan Gupta, 30, is planning to get married and start a family. He has been saving for his key financial goals like buying a house, travel and retirement. He took a Rs.15 lakh life insurance policy five years ago when he started working. Though he often receives insurance sales calls, he believes his current cover and investments are sufficient and a simple top-up will suffice as he settles down. Is this assumption correct? Vihaan Gupta is right to identify and plan for his life goals, but achieving them depends on his ability to keep earning and investing. An untimely death could derail this plan, leaving his family without adequate financial support. A pure term insurance policy is best suited to cover this risk and should be sufficient. It should be reviewed at every life stage and starting a family is a crucial point to do so. Gupta must factor in inflation, current finances, number of dependants, and his family's future lifestyle needs in his absence. Just as death is a risk that can't be ignored, so is the loss of earning capacity by the breadwinner. A personal accident policy helps cover this risk, especially if it includes death, permanent total or partial disability, and temporary disability. Similarly, a major illness or accident requiring hospitalisation can strike any family member at any time and lead to significant expenses. Without health insurance, Gupta may have to dip into savings or even borrow, putting his long-term goals at risk. Opting for health insurance early is essential to safeguard against medical risks. Insurance is a risk management tool and should not be confused with investment, as it serves a completely different purpose. Identifying key life risks and covering them with suitable insurance is essential. Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
16-06-2025
- Business
- Time of India
Insurance is a risk cover and not an investment: Don't confuse the two
Academy Empower your mind, elevate your skills Vihaan Gupta, 30, is planning to get married and start a family. He has been saving for his key financial goals like buying a house, travel and retirement. He took a Rs.15 lakh life insurance policy five years ago when he started working. Though he often receives insurance sales calls, he believes his current cover and investments are sufficient and a simple top-up will suffice as he settles down. Is this assumption correct?Vihaan Gupta is right to identify and plan for his life goals, but achieving them depends on his ability to keep earning and investing. An untimely death could derail this plan, leaving his family without adequate financial support. A pure term insurance policy is best suited to cover this risk and should be sufficient. It should be reviewed at every life stage and starting a family is a crucial point to do so. Gupta must factor in inflation, current finances, number of dependants, and his family's future lifestyle needs in his as death is a risk that can't be ignored, so is the loss of earning capacity by the breadwinner. A personal accident policy helps cover this risk, especially if it includes death, permanent total or partial disability, and temporary disability. Similarly, a major illness or accident requiring hospitalisation can strike any family member at any time and lead to significant expenses. Without health insurance , Gupta may have to dip into savings or even borrow, putting his long-term goals at risk. Opting for health insurance early is essential to safeguard against medical is a risk management tool and should not be confused with investment, as it serves a completely different purpose. Identifying key life risks and covering them with suitable insurance is on this page is courtesy Centre for Investment Education and Learning (CIEL).Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
Time of India
13-05-2025
- Health
- Time of India
Against all odds: Boy with genetic muscular disorder scores 93.8% in Class X boards
Gurgaon: Physiotherapy takes up eight hours a day. Another six to seven hours are spent studying. And the remaining, on this daily routine, Vihaan Gupta scored 93.8% in his Class 10 CBSE Board exams .Though he is enrolled with Lions Public School in Sector 10 of the city, Vihaan can't attend regular classes, his mother Sneha Gupta, a homemaker, told 16-year-old was diagnosed with Duchenne muscular dystrophy , a rare genetic disorder that weakens muscles over time. Vihaan used to go to school regularly till Class 5-6. But his condition deteriorated in the years after, and he now uses a wheelchair."We never made him feel as if he was ill. If you keep telling a child you are sick, then mentally, the child's thinking will become negative. He was already good at studies. So, we motivated him a lot. We keep a positive environment at home," Sneha said. The teenager has opted for humanities with mathematics for classes 11 and 12, and aspires to pursue a career in artificial intelligence and data achiever is Shiva Kaul, an Amity International School student who battled dyslexia and scored 85.2% in CBSE Board exams this mother Renu Kaul said that he took one-on-one support to manage his studies with the learning disability. Shiva, a commerce student, plans to take up BCom or BBA for higher Mukherjee, also a Gurgaon resident and Amity student, was diagnosed with dysgraphia, a neurological disorder that affects writing his family said on Tuesday, took the help of a scribe and secured 91% in Class 12 arts stream. His father is a retired IAF officer and mother, a music teacher, and the teenager is set on following a career in hotel management.'I want to become an IAS officer'As the eldest among four siblings, Kajal has set an example for her daughter of an auto-rickshaw driver scored 95% in Class 10 CBSE Board exams and dreams of becoming an IAS officer."I am delighted with the results I've achieved and plan to take up arts stream. I want to become an IAS officer. I am deeply inspired by the respect IAS officers receive in the society and the meaningful impact they have on people's lives," the teenager, who is a student of Amity School, said on father Hari Narayan Shah told TOI he wants all of his daughters to do well in their studies and is trying to arrange financial assistance for their future. "I will do all that I can to educate all my daughters and fulfil their dreams… whatever they want to become. I will be the most proud if my daughters study and become independent," he said.
