Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the [...]
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 industry [...]
http://www.subramoney.com/book-written-by-me/
Surely when somebody approached Mr. Dinanath Shinde and Mr. Afzal Maknejia for buying life insurance, they must have said:
a. I do not need life insurance or b. At my level I cannot afford life insurance.
Agents hear this day in and day out. Little did they realize that a drunk Nooriya Haveliwala would spring from somewhere [...]
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 [...]
‘Subra we need to buy life insurance..I am willing to pay Rs. 30, 000 per month and so can my wife. How much life insurance can we get?’ ..asked my friend SS.
He speaks at a speed that it is difficult to understand what he says…by the time he ended saying this, I was breathless.
I started [...]
this article appeared somewhere…
Don’t take this risk with insurance
Insurance is a risk cover – don’t risk the nomination part. Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your policies’ beneficiary [...]
Mr. Narendra called me to ask about his life insurance. Like all smart yuppies he knew everything about life insurance but just wanted to check out something.
He had a life insurance (term) from ‘A’ life insurance company. His sister in law was the agent, so he had taken it from them. He was paying a [...]
Many clients, students and friends call back saying “This xyz person offerred me 36% returns on life insurance policies” is it possible?
My answer has been “The fact that you are asking me shows you do not believe it”. After all you do not call me every day for every thing, do you? – is my [...]
On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay.
However the IRDA has one funny (weird) condition in its armory. There is something called [...]
Uma Kannan wrote this piece on rediff.com….interesting..she called it “11 reasons not to buy ULIPs”. Easy to identify with some things she says…here it is…it appears in the Get Ahead section of the site..
I am sick and tired of writing about ’should I buy a ‘ULIP or a MF‘ kind of articles. I know people [...]