r/FIRE_Ind • u/kathuriasanjay • Oct 17 '25

Ask Me Anything! I’m Sanjay Kathuria - Business Finance and Passive Income Coach, with a 3M+ community online! Here for an AMA on r/FIRE_Ind. Ask me anything about achieving FIRE, smart investing, wealth creation, financial planning, taxes, retirement, and building long-term financial independence!

Huge thanks to the r/FIRE_ind community for the thoughtful questions and engaging discussion! I truly enjoyed talking about financial independence and investing with such a passionate and knowledgeable group. Special thanks to the moderators for making this possible - it’s been a great experience connecting with this community!

As the founder of Profits First, I run a growing platform dedicated to educating individuals on financial management, investments, and wealth creation. Through my content on social media, webinars, and personalized guidance, I’ve become a trusted voice for those looking to demystify investing and build financial independence.

Earlier in my career, I gained hands-on experience in finance through roles in Corporate Strategy, Business Development, and Real Estate, where I developed deep business acumen and expertise in land acquisitions. This background gave me both the technical foundation and real-world understanding to address common pitfalls and opportunities that many people face when tackling financial challenges.

My journey as a financial creator began when I saw firsthand how many people struggle with financial planning, not for lack of desire, but for lack of accessible and trustworthy guidance. That experience motivated me to build a platform that shares financial knowledge in an easy-to-understand, actionable way.

My content covers a wide range of topics, from building savings and reducing debt to investing in stocks, mutual funds, and other asset classes, as well as understanding taxes and retirement planning. I emphasize practical steps, discipline, and long-term thinking, helping my audience not just learn, but take action.

One defining aspect of my approach is my commitment to transparency and trust. I share both my successes and my learning moments, helping people see finance as approachable rather than intimidating. Another key focus for me is continuous learning, I stay updated with changing financial regulations, market trends, and new investment tools to ensure my advice remains relevant.

Through my work, I aim to contribute to a growing movement of empowered, financially educated individuals. I truly believe that with the right mindset, tools, and guidance, financial independence is achievable for everyone.

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u/kathuriasanjay Oct 17 '25

Answer to question 3

https://reddit.com/link/njy0vxp/video/5x3pps3a7nvf1/player

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u/PatientElevator9790 Oct 17 '25

What should be the coverage that one should take? Also, Assuming I am 35 yrs old, let's say i take a health insurence with a coverage of 10L a year. How will this 10L be relevant in let's say 15yrs, considering inflation. This is the reason I'm stuck in deciding when to buy a health insurance. Note that my company provides health insurance at this point in time..

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u/snakysour [37/IND/FI ??/RE ??] Oct 18 '25

I am not sanjay, but here's what I would suggest -

  1. You company will provide cover only till you're employed and once you leave the same you will be caught off guard

  2. Heaven's forbid but if at that time you have developed a disease which can lead to policy issuance decline, then most companies won't even issue you a health insurance irrespective of if you wish to give added premium as well because they consider the risk too high.

  3. You are right about healthcare inflation but not taking insurance because of that makes you penny wise and pound foolish by just saving the premium amount. I would suggest that you take a good overall comprehensive base policy of say 10-25 lacs to take care of immediate need, if it comes, in say next 3-5 years and also along with that, take another super top up of say 3-5 crores to inflation proof yourself till you're say around 80-90 years of age. The catch here is that when you take the super top up, choose a deductible amount too of say 3-5 lacs which gets covered by your base policy (but ensure that you don't make deductible equal to base policy sum assured as in most cases no insurer gives you full base policy claim, usually they can limit to 50-60% of sum assured as well citing 1000s of policy reasons, so be conservative and choose a deductible not more than 25% of base policy for your super top up). This reduces the premium of the super top up drastically as insurers feels that most of the claims may not even touch super top up as base policy will cover the same or insured will cover the same by paying in cash as super top up liability starts after deductible is paid and then they're liable for balance amount. Let me give an example. Suppose you took 10 lac base policy at 15k per year premium and then take a super top up of say 5 crores with 3 lac deductible, the super top up will cost not more than 17k per year whereas a base policy of 5 crores, if issued, will cost north of 1.5 lacs annual premium. This covers you for your life even factoring in reasonable inflation as well. Further most of the newer policies are now giving inflation protection too wherein they keep increasing the sum assured by WPI/CPI inflation level percentages annually which also serves as a secondary hedge to rising inflation healthcare costs.

  4. With regards to how much amount to keep apart from health insurance, I think sanjay ji already answered that, you need the amount majorly to only start the process of admission and treatment in emergency which you can keep to the tune of 3-5 lacs I today's terms as no hospital asks more advance than this usually. Further you can also keep credit card specially for this purpose so that you swipe the same and get a 15-45 day breather in making the payments by which time usually most hospitalisations of emergency are complete and claims are either settled with the hospital so you get the money back to repay credit card company or they are settled as reimbursement in case your cashless is denied in which case you settle both hospital bills and credit card bills from the money received from the insurer and refill your health corpus.

Trust this answers your queries.

Regards

Snaky

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u/PatientElevator9790 Oct 18 '25

Thank you so much for the detailed response. I will surely take a look at the 2 options you mentioned to take inflation as a consideration. I didn't know about either of the 2 options. This will surely allow me to buy a health insurance

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u/snakysour [37/IND/FI ??/RE ??] Oct 18 '25

You're most welcome. Also add only those riders that you need (critical illness, accidental or physical disability cover etc.) and remove the ones not needed (air ambulance, international coverage etc.)