Not sure how many of you deal with American companies or read about the sales practices of the aggressive financial services companies there. They have something called ‘boiler room sales people’ – people who call clients, create stress and do sales. Have I found its equivalent? For those not well versed with the insurance sales […]
A few days ago I had posted a chart showing how the claims settlement ratio looks like in life insurance in India. LiC was at the top with about 97% and some of the newer firms were at the bottom at 50%. Of course it was a play on numbers and for the common man […]
LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]
here is an article I did for Lokmat….it is in Marathi… http://onlinenews1.lokmat.com/php/detailednews.php?id=OxygenEdition-57-1-15-03-2012-a3266&ndate=2012-03-16&editionname=oxygen
One young fresh MBA girl walked up to me and said ‘I want to get really rich…if you give me just 1% of your wealth, I will be rich’. I said, I will make you rich and teach you to get really wealthy, WITHOUT giving you anything, but by just teaching you…HOW to get rich. […]
On the one hand I keep cribbing about the high cost of financial services, on the other hand I meet kids, young people and people over 45 who are constantly being sacked. The sackings have not been done nicely too. It is much easier for the top management to sack ‘200 Feet on the Street’ […]
These are 3 posts rolled into one: -What is new in the budget presented by Pranab Mukherjee – Advantages of ULIP or Why you should buy a ULIP -Advantages of smoking Sorry all the 3 headings I have nothing new to write. I heard a joke, can share. On Thursday night Pranab Mukherjee called Sachin […]