Ok rub your eyes…again…this is what you need to say if your income comes from advertising. One respected pink paper has come up with an article saying why ULIP is the best product to buy. If you read the article you may not think too highly of the writing, but you are at a huge […]
Yesterday I did a small gig on what a Real estate agent says…and how you should interpret it…so today it is the turn of the life insurance agent. 1. Sir since you have an income, you should have a life cover: Meaning: You have an income, I need to increase my income, so please take […]
Life Insurance – mis-selling and cures Despite insurance companies swearing about their customer friendly and anti-fraud approach, the complaints of insurance miss-selling are on a rise, why this contradiction? Saying we are customer friendly and being customer friendly are really 2 different things. If a customer really understood risk and bought only risk products […]
here one more episode on life insurance mis-selling…. Priyanka is one of the voices in the life insurance space – and has scored some amazing successes with her program ‘Pehredar’ here is one episode.. http://www.youtube.com/watch?v=xmssJG9J_U4&feature=youtu.be
I did not realise how big is the menace of mis selling till I spoke to a few bankers. Given the aggressive targets that these kids have, misselling has reached enormous heights. I would dare say that almost all the selling is mis-selling unless it is term insurance!! Not sure how many people in the […]
Just because one is angry with an insurance company, one cannot decide to live without insurance. Not just life – health, car, event…….it is an essential tool of business. Here are some reasons why you need insurance. Insurance – Life or General is largely about answering some questions like “What if….goes wrong”? The fundamental […]
Too many times we have screamed that the BFSI space is customer unfriendly….let us see what we can do about it. More importantly, what the IRDA should do: 1. They should be allowed to sell ULIP ONLY to a person who already has a term insurance of Rs. 10,00,000. 2. When they are selling to […]