On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay. However the IRDA has one funny (weird) condition in its armory. There is something […]
Uma Kannan wrote this piece on rediff.com….interesting..she called it “11 reasons not to buy ULIPs”. Easy to identify with some things she says…here it is…it appears in the Get Ahead section of the site.. I am sick and tired of writing about ‘should I buy a ‘ULIP or a MF‘ kind of articles. I know […]
http://www.subramoney.com/book-written-by-me/ I do not wish to call this class 1 or class 2 – that raises expectations! But here is a small story… A friend called up to say “This person has come to me with a UL policy – she says pay Rs. 50,000 for 3 years, then you can even remove all the […]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It […]
In a mutual fund when the great regulator SEBI says that there will be ZERO commission it translates to ZERO load. Which means if you invest Rs. 100 in a mutual fund the full Rs. 100 will get you units and there will be no charges. However in a life insurance policy let us say […]
The idea of life-insurance will probably first come your way when you are planning your tax returns. That’s how it is for most Indians – insurance is a tax saving device. Well, there is a lot more to life insurance that it pays to know. Let’s begin by looking at every step of getting insurance. […]
There was an amazing news item now. Mr. D Swaroop said Rs. 15,000 crores was paid as commission to the insurance distributors, so they have decided to eliminate commissions. Fantastic idea, should be immediately implemented! Vow! So the investors save Rs. 15,000 crores. A quick calculation showed that the insurance companies paid Rs. 22,000 crores […]