If you do not have 5 minutes to read this article, just take the short cut No, you don’t need the riders. I have taken this title from the original author Aarati Krishnan who published this article yesterday. I do not think you should take any riders in your term insurance plan because not all […]
When a client asks an IFA “till what age should I take a term insurance for” the IFA has to have the brains to rephrase the question. The correct question is “what happens if I die before my goals are met” -this is what the client is actually asking. The correct answer is “till you […]
Have you ever wondered….”I know I have to take Pure term life insurance..but till what age should I take it? 55 or 65 years? I realize it is a slightly improper understanding of the problem. Term Insurance is meant to fill the gap between what you have already done and what you totally need. So […]
After being in business for almost 2 decades some companies have realized that term insurance is profitable after all! However, knowledge does not lead to wisdom. Wisdom leads to knowledge seeking! So people like me have gone around the country saying “Term insurance is good” so the life insurance industry has some 20 varieties of […]
Well depends on where you sit…. Let me tell you what the ‘new’ Online Ulip sales brigade was trying to tell me….. Sir there is a small upfront charge – spread over a long time it does not matter. Me: 0 vs anything. I do think ‘zero’ is smaller, I would stay there. Salesman: The […]
The biggest problem in Financial Learning or Financial Teaching is that the budget for training : budget for sales ratio is something like 1: 50 billion. Yes the sales budget for financial products is about 50 billion times the training budget for financial products. Suddenly there is a surge among Life insurance companies to sell […]
This is a classic BFSI problem. They like to do one thing – manage funds. Managing funds is far more profitable than sell risk products – though at some level risk management and risk peddling make tons of money. So there is a product called life insurance which has to be peddled. Make no mistake, […]