Insurance – Life or General is largely about answering some questions like “What if….goes wrong”? The fundamental objective of insurance is to provide a means to offset the burden of financial loss. Think of insurance as a premium paid for “transfer of risk” premium. An alternative method of dealing with risk. You are paying an […]
When an insurance adviser approaches us, we are normally not in too much of a mood to buy life insurance! However, his persuasion (perhaps our awakening!) make us buy a life insurance policy. This is not a great product – we hardly get any “personal satisfaction” buying this product. We are now motivated enough to […]
It is customary for life insurance salesmen (by whatever name called) to sell life insurance by showing what is called an “illustration”. What is wrong with this “illustration” that is shown to potential customers? Simple, it does not mean a thing! IRDA has stipulated that the illustration should be made with 2 projected returns: 6% […]
Insurance is mandatory if you have a car! If your car is worth insuring what about other assets ? What about your practice? Your Dentist’s chair? Your hospital? Most doctors need at least some insurance to be in place as part of their overall financial plan. The question is how do you work out what […]
The easiest product to mis-sell in the markets for the past 2-3 years has been the SIP! Why do you ask? The answer is simple. The press has been supporting and extolling the virtues of SIP – we all are guilty of this including yours truly. However SIPs work over long periods of time – […]
There are many reasons not to buy life insurance! Life insurance is one of those common-sense products that come with a number of advantages… and very few drawbacks. That’s why millions of men and women take the opportunity to purchase coverage — to protect their loved ones in the event of their own premature death. […]
There are no clear answer to this question which is in the top of mind question for anybody who looks at any kind of insurance (life or general). However, we can see why we buy life insurance: We buy life insurance to replace income lost due to the death of the breadwinner. The amount of […]