Third in this sad saga of a lousy salesman.
“Subra I wish to pay Rs. 60,00,000 as premium for a life cover of Rs. 6 crores – Rs. 4 crores for me and Rs. 2 crores for my wife. The beneficiary should be my kids.
Me: Noble thought – glad to meet you regarding life insurance. It rarely happens.
C: Yes, yes I deal with foreign bank -and they have been telling me this, that is why I arrived at this figure..
Me: Is your wife dependent on you”
C: Partially maybe.
Me: Are you dependent on your wife, financially?
C: no of course not.
Me: So she does not need life insurance, correct?
C: Yes..according to what you say. However a foreign bank has been asking me..they also told me about a policy for my wife.
Me: Do you have any loans, ….etc.?
C: No. However i have not found a bigger house – may buy an extra bedroom!
Me: Take a term insurance – this will cover your daughter’s education. Your wife will continue in her job…take a pure term life insurance – it does not mean it is easy to buy term life insurance.
C: Oh i thought you bought term just on price – I was seeing it on google yesterday. By the way how much will a term insurance cover of Rs. 4 crores cost?
Me: Please listen, I will tell you how to buy term!
Simple things are not easy to do – that is all! Well it should you cost about Rs. 40,000….will check and tell you.
Just then Subra’s boss the Business Development Officer walks in and meets the customer…and hears the whole story and tells the client:
“Sir of course you and your wife need life insurance, and yes the premium amount is right…it is Rs. 60,00,000 for a cover of Rs. 6 crores…Subra is forgetting that the ULIP lets you combine the 2 and saves you a lot of trouble of tracking too many documents, nav, etc…..”
and sir May I have your email id and cell number please?
God bless my boss. He puts food on my table.
PS: I am currently unemployed…as always….:-)
Post Footer automatically generated by Add Post Footer Plugin for wordpress.