by Vidya Kumar | Jul 18, 2018 | Vidya Kumar
Executive Summary: Inattention blindness is caused when our brain filters out a large amount of information so that the conscious mind can process information properly. The Monkey Business illusion video shows how the brain filters out information that is not...
by Vidya Kumar | Jul 10, 2018 | insurance, Vidya Kumar
Executive Summary: The sum assured in an increasing term insurance plan can be periodically increased during the policy term. The premium also increases appropriately. We have compared two policies – SBI Life Smart Shield and Birla Sun Life Protector Plus Plan...
by Vidya Kumar | Jun 20, 2018 | Financial Literacy, personal finance, Vidya Kumar
Executive Summary: We tend to base our decisions on information that is recent or easily available or on recent events or those retained in our memory. This is known as availability bias. It is not an optimum way to make decisions as different aspects of a news item...
by Vidya Kumar | Jun 6, 2018 | Financial Literacy, financial planning, Vidya Kumar
Executive Summary: We tend to overestimate our capacity and benefits of our tasks and underestimate costs, efforts and time to do those tasks. This is called planning fallacy and it can affect our financial plan. We can avoid planning fallacy by setting realistic...
by Vidya Kumar | May 30, 2018 | Health Insurance, Vidya Kumar
Executive Summary: SBI Life Poorna Suraksha is a term policy that covers 36 critical illnesses. It offers rebalancing of the amount of the policy and premium waiver in case of detection of critical illness. There are other similar policies. You should compare...
by Vidya Kumar | May 23, 2018 | Financial Literacy, Vidya Kumar
Executive Summary: As humans, we have the instinct to take some action all the time. It feels satisfying. But taking action is not always in the best interests of your investment portfolio. Sometimes it is better to wait till the complex situation passes by, ...
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