Entrepreneurs need life insurance
One expense businessmen love to avoid is the life insurance premium. I did an article for Money Mantra…on why they need life insurance…read http://www.moneymantra.co.in/insurance_o.html
Category: Life insurance
Life Insurance Breakeven: IRDA
When the life insurance industry started in 2001-2 you could see their executives all over the place. All the insurance companies had an office in every state. Training was never the same. This took me to Bhubaneshwar, Jamshedpur, Kanpur, Jaipur, and many other smaller, much smaller towns. They all behaved like they will grow …and suddenly […]
New ULIP : Private Insurers vs. LIC
Sometimes you get rich by not getting ESOPs! If the private life insurance companies did not give you ESOP, rejoice. It must be really difficult if you have such a tough competitor like LIC! Look at what all they do: 1. They give in writing to corporates – we will give you 9.35% p.a. return […]
Mis-selling by the agent or mis-buying by the client?
I have just asked this question in Money Today… read http://moneytoday.intoday.in/index.php?option=com_content&task=view&issueid=81&id=6253&Itemid=1§ionid=106
Do they need life insurance: First Story
A few days ago I had given 3 interesting scenario with the question: ‘Do they need life insurance?’. Here is the answer to the first story. Am summarising the story for those who came in late…and those who do not wish to go searching for the story: Mr. Rajesh is a well off builder. His […]
Ulip becomes better?
All channels have gone to town saying that the IRDA has come down on mis-selling of ULIPs. Has it really done that? How? Well most channels cannot handle it. However what IRDA has done is simple – they have shifted the cost of mis-selling from the customer to the manufacturer. Till today if you went […]
Life Insurance Industry – Part 2
Continuing the state of the Life insurance Industry… One very important part of this industry are the agents. Now the agents are of 3 types a. National Level Distributors (non banks), b. National Level Distributors (banks) and c. Individuals (largely local level). The N L D as they are called seem to be making money, […]