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Articles by Somali K Chakrabarti

Personal Finance

What insurance covers should you opt for when you start your first job

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  Landing with a first full-time job is an exciting and memorable occasion, no matter who you are or where you live. You’re perhaps in your twenties, recently graduated or maybe you’ve done your masters, and now you have embarked upon the professional journey. The thrill of getting disposable income in your hand makes you want to spend it lavishly. You’re in an upbeat mood, and do not you may not want to be weighed down by serious issues. Things like insurance may not interest you at the moment, rather it may seem like something that can surely be put off for a later date. But should it be? Here are three reasons that tell you why you should buy insurance right at the onset of your career.   Life and health insurance get increasingly more expensive with age. Insuring early in your life also means that you save money by locking in a lower premium amount for the rest of your life. In your twenties, your liabilities are comparatively less, and so it is easier to develop the discipline of setting aside a part of your income for the insurance premium. Insuring early in life makes you financially savvy,…

Home and Interiors

A hassle free way to paint my home!

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A coloured wall enlivens the room. I have always felt that a differently coloured wall renders a character to the room. For example, an orange- red wall adds vibrancy to a room, a blue wall renders a soothing touch, whereas a purple wall gives a luxurious feel to the room. To add an atheistic touch, I usually get one wall in each room in my house painted in a different colour.   With time, the same look starts to get a little boring. Then begins the craving for a change! The wall in the hall of my house has been orange-red since a number of years. When I look at that wall, I often feel the need to try out a different colour. But then, the thought of having to scrap off the colour to paint the walls in a completely different colour is a big put off. Getting the house painted has always been a big ordeal. With the amount of dust that covers the entire place, we have to keep ourselves locked and confined in one room while the men are working. Not to mention, the condition of the men at work who inhale all that dust makes us feel…

Health and Fitness

Resolution to walk my way to a healthy Lifestyle

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Walking is a physical exercise but it also impacts the psyche. The process of walking makes the mind clutter free and paves the way for a clear and fresh thinking. I have quoted these lines from a blog post on the site ‘Makeup & Breakup‘. The post by Nihar Pradhan details out the physical as well as psychological benefits of walking. When I came across this post last week, it struck me that for a long time I had been deliberating on following a regime for walking every day, but for some reason or the other have been desisting from doing so. Though I walk on the weekends, but during the week procrastination takes over and I usually convince myself that walking through the same route is not much enjoyable, or it is irksome to navigate through the streets, jostling alongside the vehicles that honk every now and then. With all these excuses, I could manage an extra half an hour of sleep, knowing all the way that it did nothing to help me to live a healthy lifestyle. Yet, it was hard to break away from the habit to procrastinate. So, when I read the post written by one of my…

Hotel and Food Chains

Café Mojo – A cool hangout in Mumbai

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  A weekend clears away the rust of the whole week. Come Friday, and I start looking forward to the weekend ahead to break the monotony of the week. As much as I love to explore new places, but what usually happens is that I and my husband often end up going to the same places over and over again. So much so that at times I yearn for a change from the places that we usually hang out in during the weekends. Last weekend a change came in form of an invite to an exclusive dinner for bloggers at Café Mojo.

Personal Finance

Dynamic Asset Allocation Funds – strive for growth, limit loss

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 Buy Low, Sell High Though, we all know that for generating reasonable returns, any investor should ‘Buy Low and Sell High’, yet, for an individual investor this is easier said than done.  It is not only difficult to track the market on a continual basis, while diversifying the risk, but it is also difficult to have the heart to buy beaten down stocks when market has fallen substantially and sentiments are running low. Besides, with increase in losses, the gain needed to break-even also increases. Moreover, for an investor, the pain of selling a stock at a loss far exceeds the pleasure of selling the stock at an equal amount of gain. Hence, the importance of containing the downside to the portfolio cannot be emphasized enough. That is where the expertise and knowledge of a fund manager comes into play – in selection of appropriate asset class at any given time while lessening the psychological pain of investors. Dynamic Asset Allocation Strategy Balancing exuberance with caution, a dynamic asset allocation strategy uses the market volatility as an opportunity for switching between asset classes to benefit from growth of equity market while reducing the volatility of returns. With the example of ICICI…

Personal Finance

Five things you can give up to secure your family’s future

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Festive times are the times when we cherish togetherness with our family, the most. If we happen to be away from our family during these times, we miss them the most. Just like festive celebrations, life too is incomplete without our family. From time to time, we realize that we must do everything in our capacity to keep our family happy and to secure their future. We plan for our children’s education, their career, we plan for our vacations, yet sometimes, we miss out on planning for a constant source of income for our immediate family in our absence. We know that we need to be prepared for such an eventuality, but we often tend to underplay its importance till something drastic happens that shakes us up. Then, we go for life insurance! The reasons to procrastinate are many – sometimes, we are not sure which insurance plan would suit us the best, at others we are not sure if we can afford to pay the premium for the policy or how much money do we need to set aside each month for it. But, believe me, it is not at all difficult. You can buy insurance online. Using the online insurance calculator, you can calculate the insurance…

Home and Interiors

Omkar Meridia – Residential apartments near BKC, Mumbai

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In the city of Mumbai, living close to the workplace is a dream cherished by many, particularly by those who spend a considerable portion of their time commuting to work. It is not uncommon for people to spend 2 – 3 hours each day traveling between work and home, with the travel time increasing substantially during the rainy season. However, due to the mercurial rise in property prices in Mumbai each year, affordability of residential property near the workplace always remains an issue. In such a scenario, if people can  ‘Walk to work‘, they will not only cut down the long commute and evade agonizing traffic jams, but also gain sufficient time to pursue their interests. Last week, I had received an invite from Omkar Realtors and Developers to attend an event that included a presentation by the Chief Marketing Officer on Omkar Meridia, a property at BKC Crossing. The event conducted at the property site itself, also included a visit to the sample flat. I registered for the event and reached the venue on the given hour.    The discussion with the CMO centered not only around the property but also around Bandra Kurla Complex (BKC), which is an important business hub in the Mumbai suburbs, and the office destination for lakhs of people.  Though there are many…

Beauty and Personal Care

Have a good night’s sleep with SOFY Bodyfit Overnight

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‘Good night sleep tight don’t let the bedbugs bite’ Bedbugs can surely ruin your good night’s sleep; for a woman, so can the unease of getting a night time stain. If you are a woman reading this, then you would know how uncomfortable it is to wake up in the middle of the night, disrupting your cozy sleep, and dash to the bathroom for changing napkin to avoid staining during night hours. This can be particularly troublesome when you are traveling or camping. You may be sleeping flat on your back with little movement, or you may have devised ingenious ways to skirt the issue by using double napkins, towels or tissues, but the trouble doubles if you are prone to rashes or irritation. So far, in India, the concept of separate packs for day and night usage did not exist. Then, with the changing lifestyle came SOFY Bodyfit Overnight! Launched by Unicharm, a market leader in baby and feminine care products in Japan, SOFY Bodyfit Overnight is a napkin meant specially for night usage. To think of it, if people can use separate face cream for day and night, why not use separate napkins for day & night?

Personal Finance

Factors to consider while buying a term insurance plan

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You don’t buy life insurance because you are going to die, but because those you love are going to live. ~ Unknown author.   A Term Plan is the purest form of life insurance that provides financial protection to your family members. It will help your family meet their financial needs arising due to household expenses and repayment of loans in your absence. When you consider buying a term plan, you need to be fully aware about the benefits provided by a term insurance plan and the required sum assured. The life cover you choose, when deciding on the term insurance plan, should help your family to maintain their current lifestyle, and take care of all your liabilities like repayment of home loan, EMIs, credit card bills etc., while keeping in mind the decrease in value of money due to  inflation.  

Hotel and Food Chains

Take on the summer at Café Coffee Day

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In the sweltering summer heat How we pine for a cool retreat! Some savory cold drinks To beat the scorching heat!! Frosty beverage treats Punches and Smoothies Topped with refreshing cream To bring in a wintery feel – Watermelon, lychee, Strawberries, tiramisu, and apple tangy green!! Now, what are we waiting for? It’s time to rush in… Where?  To  your nearest CCD – >

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