Archive for February, 2010

LIC wealth creation plan!

Here is LIC trying to sell a ulip plan for creating wealth. Then Mr. Pranab Mukherjee calls up and says “buy ntpc @ 214″ so Lic says..ok sir. Wealth for whom? Govt of India? UNit holder? And what is IRDA doing this. Let us say if such a deal was done by Tata, Birla, Reliance, [...]

Corporate Governance and Sales Practices

Indian market today is a very difficult market to please. Is the end client really difficult to please, I am not sure but the distributor is very difficult to please. And the last mile connect is the real tough nut to crack. Whether it is your cable television provider deciding not to give you UTVi [...]

Life Insuranance Industry: Ails

What ails the life insurance industry today? Well the biggest worry is lapsation. They have other worries too – like the Swarup committee report, the small ticket size, the poor public image, the lack of communication skills in the sales force…but clearly the biggest worry is lapsation. It beats me completely as to how an [...]

Gold : A great buy?!!?

Almost every body whom I meet asks me this question: “Should I buy gold?”. My answer is never straight (everybody around me says that!!). So I ask “Why?” The answer always is : “Because it is going up.” To me this answer is scary and completely stupid. If every body is buying an item because [...]

Retire Rich…a book review!

this book review was done by a 24 year old girl……I am happy that such a young person read the book. Here are her comments…. Retire Rich Invest Rs 40 a day! Excited, you feel adrenaline rush down your blood… wait a minute – if you are in your 40s and think that 40 a [...]

Wealth and ghee…..

This story was told to me in the Indigo flight from Delhi to Mumbai by one of India’s good trainers – and a super story teller. Surprising that he has not thought of ‘Story telling as a therapy’ as a career. His name is Samir Parekh. If you are wondering what is the connection, here [...]