This is one of my most popular write ups..which appeared in Money-Control sometime in 2006. It is about how much life insurance does a person need. Of course like the ad says…we all have ‘Kam insurance lene ki bimari’ so read on… “Does my family really need Rs. 4 crore on my death?” When I […]
In what was being seen as a turf battle between sebi and irda, the winner as of now seems to be Irda. It shows the power of the people in the life Insurance business. Now if you have LIC, SBI, Hdfc, Icici, …each with a few ‘000 crores of stake in the insurance business and […]
If you have been in the equity markets for 30 years you have some advantages. First you have seen many players come and go. You keep wondering how many are genuine, how many are fake. Over this period you classify people into platinum, gold, silver, …and of course mud. Fund managers also come in various […]
What are the secrets of a successful insurance agent: (the insurance agent normally means the life insurance agent). These are the characteristics that the insurance company expects to see in a successful life insurance agent. His long term performance does not matter at all – there are Managing Directors who use techniques which are good […]
I am creating a few hypothetical examples. Hypothetical for you, real for me. These are all friends, classmates, neighbors,….I want a reader feedback about their life insurance needs. I will then react to the feedback. Story 1: Mr. Rajesh is a well off builder and like a lot of my friends lives in Ghatkopar. I […]
A couple of days back I had reproduced a letter from a grateful life insurance nominee. Let me tell you what led to that story…. Here was a young person (aged about 40) who had died. He had 3 life policies from Cos. A, B and C. For obvious reasons, the names cannot be given […]
Insurance is about answering questions like ‘What if something were to happen to me?’. Since most of the times we do not have an answer for questions like ‘What if…i were to fall down…’…or many other ‘WHAT IF’ kind of questions – see this article on Money Mantra… http://www.moneymantra.co.in/insurance.html