Archive for the 'Life insurance' Category

Lies and Myths about term insurance

The Term Insurance is the ONLY sensible product that a life insurance company makes. However, the premiums are very low and hence NOBODY in the chain likes to sell this. So the manufacturer does not give any incentive to the sales person and the sales person is OBVIOUSLY not keen to sell it to you. […]

My rant against life insurance agents

There is a huge anti IFA and anti life insurance agent in the media. Half baked people with even lesser knowledge do think that the financial advisory business ought not to exist and they can all DIY. DIY stands for Do It Yourself. No person howsoever intelligent and well read can do it all by […]

8 Reasons not to buy life insurance for your kids….part 2

Continued from yesterday posts…the remaining 4 reasons… #5 ULIPs are Very Poor Investment Vehicles: Well for people who can reverse engineer a ULIP, there are ways to make ulip efficient. However, as a general rule, ULIP is a bad/ terrible investment. Normally it is ULIP which is sold as a child plan (assuming that the […]

8 reasons NOT to buy life insurance for your kids

Q.  We are considering purchasing child life insurance (Ulip) for our little girl. We have been reading various articles in the media and are seeing a lot of different views on this. My husband told me that you do not answer specific queries, but I still took my chance. What are your views? A. No. Nein, Nyet, […]

Must buy ULIPs now!!

Ok rub your eyes…again…this is what you need to say if your income comes from advertising. One respected pink paper has come up with an article saying why ULIP is the best product to buy. If you read the article you may not think too highly of the writing, but you are at a huge […]

What a life Insurance agent says and what he means!

Yesterday I did a small gig on what a Real estate agent says…and how you should interpret it…so today it is the turn of the life insurance agent. 1. Sir since you have an income, you should have a life cover:  Meaning: You have an income, I need to increase my income, so please take […]

Life Insurance – mis-selling and cures

  Life Insurance – mis-selling and cures Despite insurance companies swearing about their customer friendly and anti-fraud approach, the complaints of insurance miss-selling are on a rise, why this contradiction? Saying we are customer friendly and being customer friendly are really 2 different things. If a customer really understood risk and bought only risk products […]