Well there are (were?) many ways of selling life insurance. The more important ones are agency, bancassurance, brokers, and of course the great Multi Level Marketing. The agency model is the toughest to build and even those companies which claim to have a big agency models are seeing the productivity go down. It is much […]
Clients, friends, readers, and others regularly ask “How much will my investment become in 22 years?” Really, I have no answer…so this is how I have decided to react. Do you want a policy illustration or a knock on the head? Now that I have to show you an illustration, I will. However that […]
I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to buy a VCD or a television (did you note […]
‘Never a borrower or a lender be’ – very good advice especially if you do not know to whom to lend. And absolutely true if you do not know how you are planning to repay. However given our propensity to consume TODAY out of our future earnings – we will borrow for consumption. So telling […]
Either I am being very touchy about ULIPs or Endowment plans in general or too many pro-ulip articles are appearing in the print media also. The big worry about using numbers in an example is to know enough about statistics – mean, median, mode, standard deviation and NOISE. Noise is the distortion that is caused […]
Sorry Minister it is a Systemic Failure! If you have seen 3 scams (big ones) and bribing (rampant) bribing in PSU banks all your life, this so called scam should not come as a shock (or surprise) at all. Once in a while such transactions erupt and the news channels have something to scream about. […]
Recently saw a ‘reputed’ group promoted life insurance company treat its employees shabbily. Norms were made to sack people. So a large scale sacking happened. When the large scale recruitment and branch opening was happening we were at the side lines saying ‘chuckle, chuckle…’ Now we cannot say chuckle, chuckle,…because a few thousand jobs have […]