One thing the unit linked plan vs. mutual fund (I have no clue why there should be such a debate – owners, executives, salesmen, clients – I find are fungible between the 2 businesses!!) argument has done is created a consensus: “Fee based advisory is the cure for all evil”. This brings us to the […]
Normally advising is a boring, not very paying business. However, when a friend lost a cousin, he called me….and after some efforts the claim got settled. Then I received this letter (surely not drafted by her – her English was not good) but I guess she took the trouble to get this letter drafted…. what […]
I have seen this industry since its inception in the private sector. Should I say second birth? Perhaps yes. So here is some nostalgia…..Who are the stakeholders and what are their views: Employees: The employees should be divided into two classes – those who joined in 2001 and those who joined in 2008 and later. […]
If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]
It is quite surprising that there is a BIG rich much higher stake financial stake life insurance industry which is being made to look like a villain. The Mutual fund industry is supposed to be a good one which charges much lesser than the life insurance industry. Amusing. Ask a distributor, it is far more […]
Continuing my dialogue series… Journo: Subra do you not think the life insurance guys get pampered? Subra: Why do you say so? Journo: 40% of the contribution as a commission is too much, do you not think so? Subra: What about products with 122% commission? http://www.subramoney.com/book-written-by-me/ J: Not possible in the financial service industry…..at least […]
I do not need to tell you that there is a huge Irda vs. Sebi or a mutual fund vs. unit linked insurance plan debate in the country…do I? LOL. However this has ensured that many journos have called me…for a view. It is nice that they take my view – however I am not […]