There are many questions being asked about the sebi vs. irda battle. If the fees paid to sebi / irda depends on the assets size, then it is obvious that both of them want a part of the wealth management pie. To most observers it was clear even in 2003-4 that by 2010-11 the assets […]
What will be the outcome of the Sebi ban on ULIPs? 1. The Life insurance industry even singly is far more stronger than SEBI. 2. Implication of (1) is most Chairmen of insurance companies can pick up the phone to a Central Cabinet minister, – and most of them can reach the Finance Minister or […]
If you think you heard the last in the SEBI vs. IRDA fight…well the answer is no. The latest salvo is from SEBI – they have BANNED unit linked plans! They have banned all the life insurance companies. It is an order by Mr. Prashant Saran whole time member…here is a pdf of the order..ULIPOrder […]
I have said this many times in the past – the best way to create wealth is to spend time lavishly in searching for a good ‘adviser’. Clearly he should be compensated as a %age of your NET WORTH so that you are both playing the same game. Increase in your networth. Instead of this […]
There are some changes happening in the life insurance industry! Some leadership positions are changing hands. The coming in of a new Managing Director in Hdfc Standard Life Insurance has had its impact perhaps…or it is just the old favorite Hdfc Bank pushing its sales force and getting some rocking numbers for Feb and March? […]
Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the […]
Here is LIC trying to sell a ulip plan for creating wealth. Then Mr. Pranab Mukherjee calls up and says “buy ntpc @ 214” so Lic says..ok sir. Wealth for whom? Govt of India? UNit holder? And what is IRDA doing this. Let us say if such a deal was done by Tata, Birla, Reliance, […]