 My advice for Mr.

Sharma’s 30-year-old son

Mr. Sharma’s son is 30 years old so he would get both the life and health insurances at cheaper rates. I
would advise him to take Life Insurance as they provide numerous other covers as well. And the prices
of premium are also worth paying.

Rates of Whole Life insurances for 30 years old. Source: https://termlife.policybazaar.com

If I were to advise Mr. Sharma's son, I would advise him for Life insurance as he would get cheaper
premiums with more benefits to him and his family who would be dependent on him.

 Conclusion
Insurance can be lifesaver if chosen wisely. The right policies can make Mr. Sharma bear the cost of his
potential surgery. For Mr. Sharma’s son, both insurances are good, but he should ensure his life first
then he can opt for health insurance. It is very crucial to select the right plans, and research plays a very
vital role in it. By researching, identifying needs, and keeping future plans in mind, one can choose an
optimal insurance policy.
 Prompt 3
 Analysis
I started a business a week ago. It's a retail shop where I sell daily utility products such as toothpaste,
soap, bucket, etc. Everything was going well, but some customers wanted to make a cashless
transaction. And I was only accepting payments with cash. As a result, the customers returned from
my shop because I didn't have any facility for taking cashless transactions. I didn't face huge losses
because there were only some customers. But to avoid further losses, I must opt for the avenues for
cashless transactions. I came to know that there are various avenues, so now I have to research and
choose the feasible avenue(s) for my business.

 Why Cashless transactions?

I would go for the cashless transaction as the whole world is moving towards a cashless economy. In
which all the economic activities including all the transactions would be cashless.
According to PwC's 2025 & Beyond: Navigating the Payments Matrix report:-