MAM
Generation gap & parenting dilemmas uncovered: The Big Small Talk EP4 live
Mumbai: After the resounding acclaim received for their thought-provoking discussions in previous episodes, The Big Small Talk is thrilled to unveil its fourth installment, delving into the complexities of inter-generational gaps and the challenges of modern parenting. Anuj Sawhney, renowned for his transition from Bollywood to the helm of Swiss Military Worldwide, reunites with his long-time friend Manav Subodh, the visionary founder of 1M1B – One Million for One Billion. Together, they embark on a journey to unravel the nuances of contemporary family dynamics, promising yet another enlightening dialogue for their dedicated audience.
Generation gaps and parenting dilemmas
In this episode, Anuj and Manav engage in a profound exploration of the dynamics underlying generational gaps and the intricate challenges of modern-day parenting. They delve into the notion that parents often inadvertently widen the divide between themselves and their children by imposing their expectations, thus creating a palpable distance. The discussion also highlights the contradictory nature of parenting, where parents may inadvertently confuse their children by oscillating between advocating for independence and questioning their choices. The concept of the “Sandwich Generation” is introduced, shedding light on the struggles faced by millennials caught between two conflicting sets of values.
Few highlight discussions:
1 Parents are the gap creators: We create the distance within generations by actioning expectations from our children.
2 Contradicting parenting: Confusing the child by contradicting your parenting conversations by telling the kids to manage their life and then cross-questioning the very practicality of the choices made by them!
3 ‘Sandwich generations’: aka Millennials who are stuck in between the two value systems!
4 Childhood wounds and parenting: Wounded as parents in the past and those wounds interfere in our parenting decisions.
5 Gender biases in parenting that is a very sad yet unsaid truth within the Indian society that is extremely hushed reality.
6 Parental aggression and the effects they have on kids – sensitising yourself as a parent to their emotions and aligning your parenting accordingly.
The guests on this show:
1 Dilip Ramchandran – creative head & a professional drummer
2 Dr. Arun Thareja – ENT & endoscopic surgeon & superbiker
3 Aunja Pandey – influencer, social media strategist & poet
4 Rashida Cutlerywala – social influencer & event organiser
5 Diva Utkarsha – young achiever & social activist
Anuj Sawhney remarked, “Parenting isn’t just about nurturing; it’s about understanding the generational dynamics we inadvertently create. Our discussion on ‘Parents as Gap Creators’ sheds light on this crucial aspect of family dynamics, urging us to reflect on how our actions shape the relationships within our families and across generations since time immemorial.”
Manav Subodh emphasised that, “Gender biases in parenting are a harsh reality that often goes unspoken. It’s time to confront this issue and create a more equitable environment for our children to thrive, fostering an atmosphere of inclusivity and respect within our homes and communities.”
Listeners can anticipate insightful contributions from our special guests, Dr Arun Thareja & Dilip Ramachandran, who share their personal experiences navigating these complexities of the generational gap.
Dr Arun Thareja commented “Joining The Big Small Talk provided me with a platform to delve deeper into existing family dynamics, offering guidance on how we can navigate these challenges and cultivate stronger connections within our families. It’s crucial for us to recognize the unique experiences and perspectives of each generation, fostering an environment of mutual respect and understanding.”
Dilip Ramachandran shared his perspective, stating, “As a father and a musician, I’ve had the privilege of experiencing the intricate dynamics of generational differences within my own family. Through my journey, I’ve come to understand the importance of open communication and empathy in bridging these gaps.”
In order to create a solid financial safety net, the initial step should be obtaining satisfactory health coverage, usually through a health insurance policy. However, many individuals fail to see the risk of being involved in an accident that causes injury or death, which may not be something you plan for or expect to happen. personal accident insurance fills this gap. Health Insurance pays for all medical expenses associated with your injury; however, a Personal Accident Insurance policy allows for immediate cash payments when you are injured in an automobile accident or disabled as a result of your accident. Below we will provide you with a clearer understanding of what Personal Accident Insurance covers, how it is beneficial in day-to-day life, and the average annual premium for this type of policy.
What Personal Accident Insurance IS and is NOT
A Personal Accident Insurance policy is similar to other types of policies such as term life, but in addition to paying out an amount based on the insured’s age or date of death, it will also pay out an equivalent periodic benefit based on the type of accident. This type of policy does not replace Health Insurance, but is a supplement to it. You can think of it this way: Health Insurance covers medical expenses after an accident; Personal Accident Insurance provides money to you, the insured, in order to pay for non-medical expenses associated with the accident.
What Does It Actually Cover?
There are four main categories of Personal Accident Insurance Coverage:
- Accidental Death: The insurance policy pays the amount insured in the event that you die from an accident to the insured’s family or beneficiaries. The funds can replace lost wages and help the family pay for sudden expenses.
- Permanent Total Disability: If you are injured in an accident that results in a Permanent Total Disability (that is, losing both eyes or the use of both legs), the insurance policy pays 100% of the amount Insured. Those funds can support the individual with living and long-term care adjustments.
- Permanent Partial Disability: A Permanent Partial Disability results from an accident but leaves you with a serious injury (for example, the loss of one hand or the use of one eye). The insurance pays a set percentage of the amount insured (typically 50-75%). This policy can help replace lost wages and make necessary adjustments in the event of a Partial Permanent Disability.
- Temporary Total Disability: Some insurance policies provide weekly/monthly payments for a specified period to an insured if he/she becomes temporarily disabled and cannot work as a result of their accident. This will provide a bridge of income while one is recovering.
Additional Benefits
Most policy holders will be able to purchase a wide variety of add-ons for their personal accident insurance.
Hospital Cash Allowance: The insured is paid a set dollar amount on either a daily OR weekly basis for every day spent in the hospital.
Ambulance Cover: Covers emergency transport expenses incurred while being transported to/from the hospital.
Fracture or Burn Pay-Outs: Fixed dollar payment for fractures/burns, regardless of existence of other claims.
Education Support: Education grants may be available for children in the event of an accidental death or debilitating injury.
Worldwide Insurance: Protects against accidental injury or death 24/7 and travels with the policy holder anywhere in the world.
How Much Does It Cost?
One of the biggest advantages of personal accident insurance is that it is relatively inexpensive compared to the amount of coverage provided. The following factors influence the pricing structure for personal accident insurance:
Level of Coverage: Premiums are based on the total coverage amount; the higher the sum insured, the higher the rate of premium. As a rule of thumb, it is recommended that you have personal accident insurance with a coverage amount of 5 to 10 times your annual salary.
Nature of Your Employment: If you work in an occupation that is considered hazardous or risky (construction workers, police officers), your premium may be higher than someone in an office-based position.
Add-Ons: There are optional add-ons available (adventure sports coverage), which will increase the premium marginally.
Conclusion
Personal Accident Insurance should not be considered an unimportant product because it is a very affordable option available to consumers. It can help protect you from the financial injury that occurs as a result of an accident for a very small amount of money each year. Although it is something most people would rather not utilize, having a Personal Accident Policy will allow you to better prepare for an accident and provide you and your family the ability to recover rather than worrying about how you are going to pay the bills after an accident. If you currently have health insurance and have not yet purchased a Personal Accident policy, please take the time to read up on the benefits and be sure to purchase the coverage. It can be one of the best investments you make in achieving true financial security.
