The single most important thing we human species should understand is good thought. Everything starts from the thought. It is the thought that starts the chain reaction of ones karma. So always think good positive for one and all.

Simple. U can afford to pay ur medical bills out of ur pocket. It makes more sense.

And in fact there is no gaurantee that ur insurance provider will not hike ur premium. And if u have a claim they will make all sorts of roadblocks for u to rcv ur claim. It is daylight robbery!!! It is fine for somebody who has no savings or does not have substantial savings.

During my younger working days mine and my dependents medical was taken care of by my company. I never made a claim.

A few years back my wife had some ailment and was hospitalized. I bought her the best medical treatment out of my own pocket.

Read your comments. Can you pls explain the logic of not taking any mediclaim(health) policies.

But I can tell u safely that I did not rcv any legacy from my parents. I completed my graduation as everybody does and I started of my career with a simple supervisory job on the shop floor and reached a middle mgmt level by the time I was 40. I had planned to stop working for somebody else at the age of 50 and I did as planned.

I was aggressively sold two LIC policies by one of my own relatives who was an agent when I rcvd my first salary. I had to keep them just because my parents looked at me in a funny sort of way whenever I told them as planning to surrender them. Of course it also helped me with my ITax. Never after that did i buy insurance or a health policy or a mutual fund.

I started investing in equity in 1984(NO MULTIBAGGER MIDCAPS PLS). I skipped MASTERSHARE FROM UTI :):) which was a big launch in those days.

I did not even touch those share certificates until I had to demat them.

In all those years I did not touch FDs though my father was an avid devotee of FDs. I only went to the postoffice for my PPF account which I collected religiously after 15 years and reinvested the money in stocks. Believe me no NSCs no NSS no IVPs nothing.

No boozing, no smoking, no paan, no gutka, no parties, a life of a GOOD SATTVIK PERSON DEVOTED TO WIFE CHILDREN AND PARENTS AND SOCIETY IN THAT ORDER. 5% of my salary went to charity.

Meanwhile I got married had two kids, educated them. Luckily for me they studied well and went in to professional colleges and one of them is already in the US and another is about to leave for the US. According to them Merit has no place in India, though Mediocrity is REVERRED!!!

I had always wanted to be a successful businessmen/trader. But where was the capital those days? So I decided to own companies By 2002, when I was 40 I was part owner of a good number of blue chip companies (public shareholder :)) By 2012 it was sone pe suhaaga.

2012 was my planned D day and at the age of 50 I left service.

Today my investments take care of everything and as subra was saying in another piece, I take that flight, the vacation, the hotel accommodations, the rent a car etc comfortably. I have travelled nearly one fourth of the world and plan to see it all before I or my loving sweet wife pops off.

NO mediclaim no ULIP no insurance for me.

I had joined a TA course in 2007. I paper traded in futures for three years. Today I have a good technical system which helps me successfully trade in index futures. My trading business makes me four times more money than the last salary that my company paid me And I have not yet touched my stocks :)

Of course, I have been reading Subra since he started blogging :)

With great respect to you…if you are beating fund managers on yoy basis by 18%, you would be in the same league as RJ.

Regards
Aditya