Avishek's Journal

How Insurance Works Insurance is a financial product sold by insurance companies that safeguard you or your assets from damage & loss. How it works When you buy a policy you make regular payments (called premiums) to the insuring company. These premiums can be paid monthly, quarterly, half-yearly and annually, depending on the insurance company. If you make a claim and it ticks all the conditions, the insurance company will pay for the loss that is covered under the policy. If you don’t claim it, then you don’t get your money back. That money is pooled with the money or premium of other policyholders of the same company. How is the premium calculated? It’s simple. The higher the probability of the event, the higher will be the risk for the insuring company. Thus, higher will be the amount of your premium. The conditions can be calculated by considering numerous factors. For example, life insurance of a fit and young person will have a lower premium as compared to an older person with diabetes. As the younger person is less likely to face fatal consequences than the diabetic person. Should you buy a policy? Well, that completely depends on your plans with life. Generally, it is safe to have a policy done.

One of the factors that are affecting the economic recovery of the Nation.  In March 2020, the Reserve Bank of India had announced a moratorium on the repayment of all term loans for both businesses and households, to ease their burden during the period of the lockdown. Initially, it was allowed for 3 months but then extended till August. “Data from the RBI’s latest financial stability report shows that at the end of April around half of the customers of scheduled commercial banks, accounting for half of the outstanding bank loans, opted to avail of the relief measures extended — underlining the precariousness of their financial position.” – Quoting what is written by The Indian Express. As economic growth is slowing down, it is adversely affecting NPA (Non-Performing Assets). Anyway, it was on the downfall even before the COVID-19 situation hit. The sector is being hit bad and a few banks will be under the required capital requirements and thus will have to raise capital. (Back to start-up phase I guess). However, the moratorium period might be extended by the RBI or a one-time restructuring of loans will be opted for the stressed sectors. To conclude, the financial sector is suffering and this is slowing down the economic recovery.

I got to interview respected Gita Balakrishnan to know a bit more about the field of Architecture. She is the Founder of Ethos & ACEDGE. The Chairperson, Indian Institute of Architects, West Bengal Chapter.  It is a long story on how I ended up interviewing her but nonetheless, it was an absolute honor to interact with her.

Hi my name is Avishek as you can guess. I got to interview respected Gita Balakrishnan to know a bit more about the field of Architecture. She is the chairperson of The Indian Institute of Architecture, West Bengal Chapter and the founder of Ethos. It is a long story on how I ended up interviewing her but nonetheless it was an absolute honour to interact with here. Hope you enjoy this podcast! Cheers!

I stayed awake the whole night to do some research on the Future Of Journalism and documented by predictions for the future. The opinions are mine and predictions might go as wrong as I thought I'd be in IIT and not UEM. Well, it included a message for the future Avishek too. P-off now.

I share my experience during the Amphan Cyclone.  The opinions are mine. I want to look back and see how far we have got now.    To the future, this is where you stood.  Did you make it or did you shit yourself?    If you've been shitting, you still have time. Get up and make things happen. Go. Fuck off from this video and work.    If you've made it, 22 year old Avishek is proud of you. Thanks man! Treat yourself with an onion pizza mania. No, get 4 of them and get fat.