Every channel, magazine and blog tells you to buy Term insurance…right? Now the industry is much, much smarter than the customer – so they have come up with many, many variants of term insurance! More about that later…but let us see what gives you comfort: 1. Buy term insurance on the net: it is the [...]
“No ulip has given REAL returns in the past 10 years” – said one analyst. I have no clue about the accuracy of this statement. His argument was even for those who started in 2002 and were in the boom, only HALF their money participated in the boom (thanks to the high charges). When the [...]
No, nobody likes to talk about death. But people have to die, do they not? Even Devanand had to die! http://www.subramoney.com/2010/06/if-you-died-tonight-what-will-your-family-do A long time ago I wrote a piece ‘If you were to die tonight what would your family do?’- here is the link http://www.rediff.com/money/2006/may/10perfin.htm My question to all readers is to take some time [...]
The slowdown in the economy, SEBI and IRDA never ending and ever changing regulations, falling margins, better opportunities elsewhere….are all reasons why the agents seem to be consolidating. Many wealth oriented people are hoping that the clients will understand the need for Medical and Life cover insurance. Typically my suggestion is for people to buy [...]
Whenever people ask me ‘I have made this investment (life insurance policy, mutual fund, equity shares, house -does not matter) – should I keep it or should I sell it? Immediately they tell me the cost….paid Rs. 6L premium for 4 years, bought this house for 73 lakhs, …and now the value of the portfolio [...]
No this is not a lesson 101 on insurance sales…it is how insurance is normally sold! First of all let us understand the government will NEVER want to reduce sales of life insurance companies: this is because LIC has 79% market share and it owns LIC. Also the life insurance companies are mandated to invest [...]