I have been asked this question a million times, and I have said NO a million times. However, like all personal finance (and especially life insurance) topics there is no straight forward answer. So let me start by saying NO. If your children are young, and dependent on YOUR income they do not need any […]
Is is possible for me to get the adulation, fame, success of a Sachin WITHOUT putting in the efforts, dedication, of Sachin? Besides of course, having the talent? The answer seems to be damn simple, right? However in the financial world people expect magic and there are some people promising that. People do not wish […]
The Financial Literacy program should start at the Finance Ministry. The FM says ‘Insurance Industry suffers …because of mis-selling’. Bang on. If LIC does not mis-sell and collect huge premia on endowment plans (by the way ULIPs are just a form of endowment plans), who will bail out the PSU companies coming out with IPOs, […]
Read an amazing article on 10 March in a national pink daily on Term Insurance with Return of Premium. ROP as it is called. The author had argued that a Term ROP should not be bought because it is more expensive than the pure Term insurance and hence it should not be bought. This is […]
WoW that is amazing, right? banks become brokers, so what is in it for you? Well, er, sorry, but NOTHING. Really, nothing. Ok, do you know how a shop sells cell phone connections? – 99% of the customers will not care whether they buy a Bharti Airtel, Tata, Reliance….so the shop keeper sells the ones […]
7. Confirm tenure is appropriate: “The insurance representative offered me an endowment policy for 30 years…and at age 44…I am wondering how will be able to pay the premium after I retire…what should I do Subra?”. GENUINE READER QUERY…My answer is a separate post….will do it soon. Here it is: Appropriate tenure of a risk […]
Here is a post from a reader….his name and location does not matter does it? Yes he is a Tamil speaking insurance policy holder….and this is his ordeal… READ ON: Shouldn’t insurance be more user-friendly? “Veettai katti paar, kalyanathai panni paar” – A popular Tamil adage that means “Try building a house and try […]