A friend who works for a regulator ABROAD came to India to teach at arguably at the best 2 Business schools in India. As is customary his father took him to the bank to tie up some loose ends. The Branch Manager offerred him a Unit Linked Plan with a 40% assured return. Now here […]
Insurance is mandatory if you have a car! If your car is worth insuring what about other assets? 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 insurances you need, how much and what for? And […]
The key to quality insurance is in choosing a good quality Agent. The word agent comes from the Indian Contract Act, 1872 and it is the Christian name for the guy who brings insurance / mutual fund product to your door step. Nowadays they have various names like Consultant, advisor, and the like, but I […]
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. […]
“Does my family really need Rs. 4 crore on my death?” When I suggested Rs. 4 crore as sum assured for a customer, this was his immediate reaction. Typical of us, I thought. When a sales person gives us a product/scheme our first thought goes to the ‘commission’ he or she makes. I keep wondering […]