Financial security to learn from Earthquake

There are lessons to be learned from 7.8 magnitude earthquake that jolted Nepal and several parts of India. The earthquake is nature’s reminder about how vulnerable we are to the natural calamities. Yet the message often gets lost after a while once the media turns to a new story and rescue operations are over. But, the pain and problems of people in earthquake-hit regions continue for years as they struggle to overcome the loss of the lives of their loved ones and their homes.

Life Insurance
Some see life insurance as an unnecessary cost, but its significance becomes meaningful when people are hit by natural calamities. Breaking down the calculation, if a Rs. 50 lakh term life cover costs Rs. 8,000-Rs. 10,000 then it takes between Rs. 20-30 a day for a person to get himself insured against unfortunate events. The cost is justifiable for a family, which is dependent on a single earning member.

Home Insurance
Another trashed idea is that of buying a home insurance. People buy homes worth lakhs from their hard earned earnings but do not factor in the need to preserve their most valued possession from natural calamities. Only 1% of the homeowners have appropriate home insurance in place, as per the recent data. It is surprising that people fail to pay Rs. 6-12 a day towards insuring their home, which is exposed to several dangerous possibilities. It takes anywhere between Rs. 2,000-4,200 a year to insure a 35-70 lakh worth property, which is reasonable enough to encourage people buy home insurance.

Source IIFL Mobile app

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Triple Filter

In ancient India, One day a person met the great Chanakya,  and said, “Do you know what I just heard about your friend?”
“Hold on a minute,” Chanakya replied.
“Before telling me anything I’d like you to pass a little test.
It’s called the Triple Filter Test.”

“Triple filter?”

“That’s right,” Chanakya continued.
“Before you talk to me about my friend, it might be a good idea to take a moment and filter what you’re going to say.
That’s why I call it the triple filter test.
The first filter is Truth.
Have you made absolutely sure that what you are about to tell me is true?”
“No,” the man said, “actually I just heard about it and…”
“All right,” said Chanakya.
“So you don’t know if it’s true or not.
Now let’s try the second filter, the filter of Goodness.
Is what you are about to tell me about my friend something good?”
“No, on the contrary…”
“So,” Chankaya continued, “you want to tell me something bad about him, but you’re not certain it’s true.
You may still pass the test though, because there’s one filter left, the filter of Usefulness.

Is what you want to tell me about my friend going to be useful to me?”
“No, not really.”
“Well,” concluded chankaya, “if what you want to tell me is neither true nor good nor even useful, why tell it to me at all?”
____________________________

Why India Works

(Written by internationally acclaimed film director Shekhar Kapoor.)

A greater ‘hole in the wall’ you cannot imagine. A small fading sign on the top saying “Cellphoon reapars” barely visible through the street vendors crowding the Juhu Market in Mumbai. On my way to buy a new Blackberry, my innate sense of adventure made me stop my car and investigate. A shop not more than 6 feet by 6 feet. Grimy and uncleaned.

‘Can you fix a Blackberry ?”
‘Of course, show me”
”How old are you”

‘Sixteen’

Bullshit. He was no more than 10. Not handing my precious blackberry to a 10 year old in unwashed and torn T-shirt and pyjamas! At least if I buy a new one, they would extract the data for me. Something I have been meaning to do for a year now.

‘What’s wrong with it?”
‘Well, the roller track ball does not respond. It’s kind of stuck and I cannot operate it”

He grabs it from my hand and looks at it.

‘You should wash your hands. Many customers have same problem. Roller ball get greasy and dirty, then no working’

Look who was telling me to wash my hands. He probably has not bathed for 10days, I leaned out to snatch my useless blackberry back..
” You come back in one hour and I fix it’.
I am not leaving all my precious data in this unwashed kid’s hands for an hour. No way.
“Who will fix it?”
‘Big brother’
‘How big is ‘big brother?’
‘big …. Umm ..thirty’
Then suddenly big brother walks in. 30 ??? He is no more than 19.
‘What problem?’ He says grabbing the phone from my greasy hand into his greasier hand. Obviously not trained in etiquette by an upmarket retail store manager.
‘Normal blackberry problem. I replace with original part now. You must wash your hand before you use this’.

What is this about me washing my hands suddenly?? 19 year old big brother rummages through a dubious drawer full of junk and fishes out a spare roller ball packed in cheap cellophane wrapper. Originalpart? I doubt it.  But by now I am in the lap of the real India and there is no escape as he fishes out a couple of screwdrivers and sets about opening my Blackberry.

“How long will this take?”
”Six minutes”

This I have to see. After spending the whole morning trying to find a Blackberry service centre and getting vague answers about sending the phone in for an assessment that might take a week, I settle down next to his grubby cramped work space. At least I am going to be able to watch all my stored data vanish into virtual space. People crowd around to see what’s happening. I am not breathing easy anyway. I tell myself this is an adventure and literallyhave to stop myself grabbing my precious Blackberry back and making a quickescape. But in exactly six minutes this kid handed my Blackberry back. He had changed the part and cleaned and serviced the whole phone. Taken it apart, and put it together. As I turned the phone on there was a horrific 2 minutes where the phone would not come on. I looked at him with such hostility that he stepped back.

‘you have more than thousand phone numbers ?”
‘yes’.
‘backed up?’
‘no’
‘Must back up. I do it for you. Never open phone before backing up’
‘You tell me that now?’

But then the phone came on and my data was still there. Everyone watching laughed and clapped. This was becoming a show. A six minute show. I asked him how much.
‘500 rupees’ He ventured uncertainly. People around watched in glee expecting a negotiation. That’s $10 dollars as against the Rs 30,000 ($ 600) I was about to spend on new Blackberry or a couple of weeks without my phone. I looked suitably shocked at his ‘high price’ but calmly paid him. Much to the disappointment of the expectant crowd.

‘do you have an I-Phone ? Even the new ‘4D one ?’
‘no, why”
‘I break the code for you and load any ‘app’ or film you want. I give you 10 film on your memory stick on this one, and change every week for small fee’

I went home having discovered the true entrepreneurship that lies at what we call the ‘bottom of the pyramid’. Some may call it piracy, which of course it is, but what can you say about two uneducated and untrained brothers aged 16 and 19 that set up a ‘hole in the wall’ shop and can fix any technology that the greatest technologists in the world can throw at them. I smiled at the future of our country. If only we could learn to harness this potential.

‘Please wash your hands before use’ were his last words to me. Now I am feeling seriously unclean.

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There is no Escalator to success. Only Steps!!

Must read……….

When flood comes, fish eats ants and when flood recedes, ants eat fish. Only time matters. Just hold on. God gives opportunity to every one.

In a theatre when drama plays, you opt for front seats. When film is screened, you opt for rear seats. Your position in life is only relative. Not absolute.

For making soap, oil is required. But to clean oil, soap is required. This is the irony of life.

Every problem has (N+1) solutions: where N is the number of solutions that you have tried and 1 is that you have not tried.

When you are in problem, don’t think it’s the End. It is only a Bend in life.

Only two category of people are happy in life – the Mad and the Child. Be Mad to achieve a goal. Be a Child to enjoy what you achieved.

There is no Escalator to success.  Only Steps!!

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