Samba Insurance Form: Fill & Download for Free

*** This is a long one***About me: I completed my B.Tech in Engineering Physics at IIT Madras(2013), worked for a IT Product firm at Bangalore (It is closed now) ( No, I was not the reason the company closed :D)Scored 99.92 percentile in CAT 2014 (First attempt). After a few initial hiccups during my SPJIMR and IIFT interviews, I was genuinely scared for the big oneFeb 8 2015 , 1.30 PMMonarch Luxor, BangaloreThere were 6 panels. 7 per panel. We were asked to sit in a big hall. I was the sixth in my panel. Around 1.50 pm we were asked to go for WAT. WAT happened in front of our panel in the interview room.My Panel : One Middle aged guy (P1) , One foreign Lady (P2) (Later came to know that she is a visiting Prof)WAT Topic (Not able to recall correctly) : There are two types of Work. The first needs an application of force and it is unpleasant. The second one gives direction to the first one and it is pleasant. (I later realized that they might be referring to Blue collar vs White collar). Some conclusion based on that. Then there were questions about the argument, its validity, etc.My Performance : 2.5/5 Didn't mess up. But was not able to write a good essay.The first 2 interviews in my panel went really quick. 3rd and 4th one also had a relatively shorter interviews compared to other panels. But still felt like an eternity till my turn. P1 calls out my name and asks me to come in.I walk in and wished the lady first :D ( Sometimes I feel that I belong to 14th century :D) and then the sir.P1 : So Aravindh, Tell me about yourself that is not there in the form.Me : ( This was a wonderful question. I could have answered in millions of ways. But still failed to utilize it :| )(Spoke about my puzzle competition wins and how that helps me with my current work. How i was a coordinator in NSS)"Other major things, I have mentioned in the form"P1 : So, that is it?Me : Major achievements I have mentioned there. *Poker face*P2 takes over (Thank god!)P2 : So, what do you do in your free time?Me : (Suddenly remembered that I could have spoken about my hobby) Reading High Fantasy fiction booksP2 : High Fantasy? Favorite Author?Me : (Explained in detail about High fantasy.Difference between high and low fantasy. Spoke in detail about the various types. Gave examples. Spoke about Brandon Sanderson. This went on for a minute and a half.)P2 : Oh! This is high fantasy. I never knew about this - Looks at P1 and he also nodsMe : *Blank stare*P1 takes overP1 : So what else do you read?Me : Occasionally (For MBA Preparation :P) I read other kinds of fiction too. I recently completed this book, 'Surely, You're joking feynmann'P1 : It is 'Surely you're joking Mr. Feynmann'Me : Yes sir, Mr.FeynmannP1 : Have you read any other books about him?Me : No. Then explained why I liked that book.How I could relate to it. How it gives a different picture about a physicist etcP1 : How? How is it different?Me : Feynmann did many other things apart from Science. For instance in brazil he learnt samba. Then he picked up drums. (Feynmann also extensively describes about his first wife and his other relationships. Had a presence of mind to not bring it up :D) (He was also interested in picking locks. He once cracked a safe which possessed American War Secrets)P1 : Bongo drums?Me : Yes, SirP1 : Do you know about a controversy where he was against putting a photo of him in a book cover where he is playing drums?Me : Yes sir, I have read about it but I am not able to recallP1 : Okay okay. What are Feynman Lines? As you are an Engineering Physics student, you could explain it better.Me : (Omg!!) *Stared like a deer caught in the headlights* (Realized my mistake about bringing in Feynman ) Started explaining how it is used in Quantum Electrodynamics. Tried explaining about QED. How QED is a important thing in modern physics. How it explains unexplainable phenomenon in Quantum Physics. Could not give a completely convincing answer. Asked his permission to explain it in paper. Drew a diagram with an electron. Told him how electron goes back in space and time and interferes with itself. Something about Young's double slit experiment.(I barely knew about QED. Come to think of it, I still don't understand Normal Electrodynamics :D)P1 : No, no. It does not make sense. How could an electron travel in time. It all seems magic to me. I am not able to understand the theoryMe : yes sir, Quantum mech is complicated and confusing. Many scientists have different viewpoints. This is just one such explanationP1 : You mean to say that the electron travels in a parallel world and interferes with itself. Seems not plausibleP2 : (chimes in) Oh! This is what high fantasy is. You are mixing up Fantasy and physics here. Parallel universes and multiple worlds.(P1 & P2 start laughing)Me : (Woah) *I must have looked like a lamb in a ritual slaughter*No Sir, Parallel world explanation is just one such representation, we have many such theories. Started explaining him about Schrodinger's wave equation. How a particle loses it wave nature when we try measuring it. How a particle could be at different places at the same time. How parallel worlds are just solutions to a system of equations.P1 : Okay Enough. I don't want to go too much into theoretical physics. ( He looked tired. I was relieved a little bit )P2 : What do you do at work?Me : Let me first explain about my project. Explained it. Told them that Hawaii and Vermont state governments are the customers.P1 : Draw US map and mark Hawaii and VermontMe : Constructed a horrible looking map of US. Marked Alaska and Canada.Marked approximately Hawaii and Vermont. Told them Hawaii is a small set of islands. Vermont is a small state, a tourist place. There are 50 states in US. Then explained about my product and about different insurance programs in US. Three major types. Spoke about Federal Poverty limit, Medicaid, APTC, Pregnant women etc etc.P2 interrupted in between and asked some doubts. Explained her somehow. This went on for 3-4 minutes.P1 : Okay. How does insurance companies determine their premiums?Me: Sir, In my product, Health insurance companies register themselves. People compare and buy. So they wont charge a high rate.P1 : No, no. I am asking how it is determined.Me : Sir. give me some time to think through. (Asked his permission to explain in paper.(14th century me) P1 and P2 lean forward. I just wrote Health insurance. Initially stated that the premiums the insurance company receive is their income. Something about not all people die and the companies not required to pay them back) What type of insurance premium?P1 : Anything. Life or accident. Sometimes insurance companies invest in other places.Me: (Suddenly remembered that). Yes Sir, they invest outside. I have an insurance too. Let me think from that point. Was fumbling a bit.P1 : Do you think it has to do with probability?Me : ( God. Finally ) Yes sir. I am a 23 year old guy. I have an insurance for xxx. I pay xxxx per year. I have a low probability to die. But for an old person with medical history has a high mortality rate.High probability to die. Have high premiums. It depends on multiple factors. When I took an insurance application, they asked all types of questions like whether I smoke, do i have previous medical history etc and decided my premium.(P1 still wasn't convinced)Me : Sir I pay xxxx every year. I have to pay till when I am 70 year old. the money I pay now will worth a lot by then. The premium I pay every year will worth a lot during my final year.Based on that premium is determine. Tried bringing in future value of money. I was not sure about my answer.P1 asks P2 whether she has any questions or notP2 : So do you know any such scheme in India?Health Insurance?Me : (I didnt know. I was thinking a lot.) Could you repeat your question? Do you mean to know whether we have something for poor people?( P2 nods her head )Me : (Thought for a while. Nothing came up. Suddenly realized about one health insurance scheme in TN.)Sir , I don't know about central govt plans. We have LIC india.P1 : (interrupts)No no. She asked that question.Me : (Apologized and continued to P2) I don't know any central government schemes. But When Karunanidhi was the CM of TN, he introduced a plan for Needy people. Explained the name in Tamil. Some income below 2 lakhs or something ( Actual one is 72000 ) will get free medical benefits.P2 : Do you know about RS something? ( I could not recall)Me : No ma'am. Don't know.P2 nods at P1 and asks whether he has any questions. He shakes his head.P1 : Yes Aravindh. You may take a toffee and leave.Me : (Clumsy me took out a toffee without knocking the bowl). Thank you sir, Thank you ma'am.Verdict: I was reminded of this experience when P2 took a lecture in Government Policy makingSource - Taken from my own original post written on The Education Network - @pgaravindhsf's post in [2015-2017] IIM Ahmedabad WAT and PI experiences thread

First of all I will never recommend to go for a non salary transfer loan as the interest rate is very high.Options for you would beCiti bank, Dubai Islamic bank, ADCB, SAMBA bankCharges involved will be arrangement fees, insurance fee, processing fee.(My suggestion will be to go for a salary transfer loan and to do that your company needs to be listed in the banks approved employer list and if it's not listed then contact the particular bank and get your company listed)

Question: “What is it like to own the classic Volkswagen Beetle when it was new?”I do not have to guess at this. In the 1960s I drove two of these cars when they were new, a 36 horsepower version and the “more powerful” 40 horsepower car. Lots of memories.First of all the VW Beetle was bog slow. The maximum top speed was 68 mph for the 36 hp car and 72 mph for the 40 hp version. But that was only attainable on a perfectly level road or a down grade if there was no headwind. A breeze would slow the car down. Getting up to that speed took forever. In an era when an American Oldsmobile Super 88 did 0 to 60 in 8 seconds, the German VW Beetle took about 28 seconds! They used to joke that the last VW Beetle to run the quarter mile at Daytona had not come in yet!And that acceleration (?) was only possible if there were no passengers. Put a friend in the right seat and the car was slower still. If two additional people were squeezed together in the back seat as well you actually had to slip the clutch pulling away from the curb in first gear.Driving the VW you learned to take advantage of any down grade to gain speed, go as fast as you could before you climbed even the slightest grade, and once up to speed did your damnedest to avoid having to slow down once you got the VW up to cruising speed. You had to plan way ahead just to maintain speed. And passing another vehicle required strategy equivalent to invading another country.A common insult at the time was to claim that someone’s car or truck was so slow that it was passed by a VW pulling a boat. And a company called MG Mitten sold a large plastic key, like the wind up key on spring motor powered toy cars, that you could attach to the VW’s engine cover.The VW Beetle’s 4-speed plus reverse synchromesh transmission was shifted via a long stalk that came up from the central tunnel on the floor boards. The spindly shift lever was connected to the gearbox by a long rod. This was not a nice short gated gear change lever that neatly snicked into gears. No. It was more like a broom stick that was vaguely connected to the gearbox via rubber bands! The thing had so much play in it that the driver when shifting gears looked like he was rowing the car to provide motive force!The gear shift was not the only quirky control in the VW. The 36 hp version did not have a gas gauge. Rather there was a bent lever sticking out of the center of the firewall just to the right of the driver’s feet. When the engine began to cough because it was running out of fuel (OK. Now imagine that happening while you were passing a truck on the highway.) the driver would take his right foot off of the now unresponsive gas pedal and nudge the bent lever from its normal vertical to a horizontal position. Doing that would turn a valve and connect the tiny fuel pump to a fuel pickup located lower in the front mounted fuel tank safely mounted just in front of your feet giving you an extra gallon of fuel so that you could get to a gas station. After a few coughs the engine would catch.After market suppliers sold a VDO fuel gauge which could be installed in a false radio grill to the left of the VW’s speedometer, which by the way was its only instrument. This was one of the first additions I made to that car.The windshield washer/wiper knob was the other quirky VW control. There was no windshield washer motor. Rather, to actuate the washer pump the driver had to take one hand off of the steering wheel, grasp the wiper control, pull it out, and then rapidly pump the stupid thing in and out until water sprayed from the jets onto the filthy windshield. Later versions obviated this cartoonish system. But they did so by using the air in the front mounted spare tire to supply air pressure to windshield washer fluid tank. This worked OK…except that if you used the windshield washer you also deflated the spare tire. The Germans had a unique sense of humor.The VW’s “heater” was obviously designed for use in a tropical climate by engineers who thought that having cold fingers and toes was a normal state. In Wisconsin the thing was useless. The only way to get warm in that car in winter was to set fire to the rear seat. Being air cooled the VW had no source of hot water for a normal heater core. Thus, the VW used air boxes below the engine which served as heat exchangers “warming” the passenger compartment and attempting to defrost the windshield with waste heat from the engine.The heater had no thermostat. You turned the thing on by giving a knob between the front seats a dozen or so counter-clockwise turns. This wound up a cable that connected to a couple of levers that pulled open metal flaps in the air boxes under the engine. These were, of course, exposed to the snow and road salt and would invariably stick closed and eventually rust out. The “heated” air was supposed to come out of two tiny vents near the sides of the front footwells and slots at the bottom corners of the windshield. There was no electrically powered heater fan. You got whatever flow could be scavenged from the engine fan. And, of course, this meant that if you were driving at city speeds in traffic or stopped at a light there was no heat. The only way to keep from freezing to death in those conditions in a Wisconsin winter was to keep the stupid car in second gear so as to keep the fan speed up.Later VW offered an optional gasoline powered heater called the Samba which resembled the American SouthWind Heater from the 1930s. This did produce a lot of heat. But it also took up most of the space in the already small front mounted trunk and it sounded like a very large industrial hair dryer.The VW weighed 1600 pounds. That was one-third the weight of an American Oldsmobile. It was quite easy for a group of guys to lift one up. And that made the idea of doing that too tempting. Twice friends of mine lifted my VW, carried it, and put it down somewhere other than where I parked it…usually between two posts from which it could not be driven out!The quality of the VW was, at least relative to other imports, quite good. The body was so tight that air would be compressed when you closed the doors making it necessary to fully push them closed. And the tight body construction and the fully sealed under pan meant the the VW would float on water.But the car did have problems. Besides the heater boxes which would invariably rust out, there were other problems. The clutch was actuated via a long cable that ran from the pedal through the central tunnel to the rear mounted clutch. This cable could and did break. The clutch throw out bearing was made of iron and would inevitably wear causing shifting problems and requiring replacement. Knowledgeable owners would know to replace this with a ball bearing unit from the commercial VW Transporter. The front hood, which had to be lifted to fill the front mounted gas tank, was supported by a cheap metal support rather than a spring or a gas strut. This poorly designed support required that the hood be first lifted slightly before being lowered. Gas stations attendants, not being familiar with this stupid design, would attempt to lower the hood like they would do on any hood or trunk lid of an American car, and bend the hood putting a crease in it and requiring a trip to the body shop.There were other problems. VW in the 1960s built thousands of Beetles using plastics that were incompatible with American gasoline. The plastic spacer attaching the tiny mechanical fuel pump to the engine, and through which the actuator rod ran, would soften from exposure to fuel and fumes and seize the actuating rod causing the pump to fail. Many of the parts were cheap zinc based die castings. One of these was the directional signal lever. If you bumped it getting in or out of the tiny car it would break off. VW dealerships stocked these parts by the gross. The little lead acid starting battery was not externally vented or protected and was mounted in the passenger compartment under the back seat. This could and did leak acid and damage the rear floor of the car. The car had no oil filter. There was only a mesh screen, not capable of filtering out anything much smaller than a nut that a mechanic dropped into the engine. That screen was surrounded by a removable plate around the engine oil drain plug.The VW’s little bumpers could not survive the slightest impact without denting and bending. And the bumper guards were below the bumper level of most American cars. Thus, it was common to see VW’s with bent bumpers and dents in the engine cover or front luggage compartment lid. The car could not survive even a low speed crash without being crushed. There were no crush areas. (Well that was where the gas tank was.) And there were no door beams. There was nothing that protected the passengers. The VW by any standards was unsafe.The car required frequent servicing: 3000 mile oil changes and chassis lubes. The plugs, points, condensers, rotors and distributor caps had to be replaced and ignition timing and tiny little carburetor adjusted every 10K miles. Periodic valve adjustments, done from underneath the car, were necessary. But the engine which displaced a relatively large 1200 cc but produced only 36 or 40 hp was so under-stressed that it was quite reliable and this reliability was aided by the simplicity of the air-cooled design.But the VW Beetle had a reputation for starting in any weather. The rear mounted engine which put most of the car’s weight over the driving wheel and the swing axles insured that the car had terrible handling and was very susceptible to cross winds generated by trucks going the opposite direction. But those same design defects made the VW Beetle easy and fun to drive even in deep snow.The original Volkswagen Beetle was, at $1,649, inexpensive to buy. The only optional extra was the $49 AM band radio and antenna. The Samba gas heater which cost about $125 was excellent if you lived in the land of snow and ice, but very few people bought it. The Beetle delivered an actual 32 miles per gallon, which was very good for the time. The Beetle’s popularity meant that there was a dealer who could service the car in every large and medium sized city. And the car was considered to be reliable…especially compared to other small foreign imports.The Beetle worked well as either a second car in a multi-car household or as a car limited to city use or trips of less than 100 miles. Used that way it was fun to own and drive.Its only real competitor in the United States was the more modern 4-door, 845 cc, 36 horsepower Renault Dauphine.But Renault had a much smaller dealership sales and service network which limited its sales in the United States.