tag:blogger.com,1999:blog-35325760.post2707411360641184675..comments2008-08-12T06:53:27.296-05:00_noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-35325760.post-78304631003361441192008-08-12T06:53:27.296-05:002008-08-12T06:53:27.296-05:00Firstly, thanks for this very informative site / forum. I was struggling to get certain imp info elsewhere for quite some time; now glad to find it here. Secondly: about, Health Insurance in India, ICICI Lombard is one of the best. Presently annual insurance premium for a 3 lakhs cover (Rs), is about Rs 11,000.<BR/>http://www.icicilombard.com/app/ilom-en/default.aspx<BR/>On this site, one can check out 'Family Floater' or 'Health Advantage'.mstarhttp://www.blogger.com/profile/12072060791569390310noreply@blogger.comtag:blogger.com,1999:blog-35325760.post-15211924313514916772008-07-14T16:11:20.040-05:002008-07-14T16:11:20.040-05:00Anon,<BR/>Thanks for the comment, for the details. I would like to know a bit more about the medical insurance plan you have. You mention that "Insurance premium is about 15,000 p.a. for 5,00,000 coverage for the family.". <BR/>- The INR 5,00,000 coverage is for one year, right? <BR/>- Are there any deductibles? In other words, if you incur an expense of INR 10,000, does the insurance pay all of it, or do you have to pay some of it yourself?<BR/>- Can you choose the doctor and hospital yourself, or are there any restrictions?<BR/>- Is the premium adjusted yearly? Any idea what it may be for older (age 50-65) folks?<BR/>- Which insurance company/plan do you use? Is it available to retirees (those who don't work)?<BR/>ThanksNigelhttp://www.retire2india.comnoreply@blogger.comtag:blogger.com,1999:blog-35325760.post-28896443589508907862008-07-14T08:22:00.822-05:002008-07-14T08:22:00.822-05:00I was in the US for 7 years and came back to India and work here for a local company. I am married and have a 6 years old.<BR/>We live in Andheri, Lokhandwala in 2BHK (purchased out rite) and have a Santro (purchased out rite) car. Our family expense per month, including school fees, etc does not exceed more than 30,000 / 40,000 INR. That includes eating out once a week in decent hotel, watch movie at home on DVD once a week. We sometimes take out of station trips once/twice a year, which costs around 2,00,000 total including air fare, etc. Insurance premium is about 15,000 p.a. for 5,00,000 coverage for the family.<BR/><BR/>Inflation is now almost close to 12%, and is expected to cool down only next year to 6% or so. Stock market for retiree should be a complete no-no, I have learned this lesson hard way. Better keep money in fixed deposits in bank, I know this is a wrong thinking, but atleast you don't loose your hard earned money when you have no other source of income.<BR/>Interest rate in banks in India for a years deposit is about 9% and is expected to go up.<BR/><BR/>Hope this helps.Anonymousnoreply@blogger.com