Ask any person what is their biggest asset? Well it sets them thinking….and then the facts… Most people do not know what is their biggest asset. They then say – it is ‘ my house’ , ‘my equity portfolio’, my car, etc. However then I lead them to the next question: Have you borrowed for […]
NPS (New Pension Scheme) was bad – I have rubbished it enough, but as if all that was not enough, the Parlimentarians have tried to make it worse. Why should a fund management company have only 26% FDI beats me. Stumped is the word. In the 1990s we allowed 100% FDI in Mutual funds, […]
True or False: Regulators are appointed to: a) protect the customers b) protect the manufacturers c) regulate and develop the industry d) to speak the language of the strongest manufacturer and help the well established ones. Zero marks to people who chose a, b or c. Let us take the Insurance Regulator’s role. EXAMPLE ONE […]
Regulators have a terrific ability to speak the language of the most dominant player. Have you observed that? When Hdfc Standard Life Insurance came out with ‘riders’ – fairly obviously some riders were priced more than the death main clause (will not go into the reasons here). This meant you could take a ‘Term life […]
Ask any person what is their biggest asset? Well it sets them thinking….and then the facts… Most people do not know what is their biggest asset. They then say – it is ‘ my house’ , ‘my equity portfolio’, my car, etc. However then I lead them to the next question: Have you borrowed for […]
Most people do not know what is their biggest asset. They then say – it is my house, my equity portfolio, my car, etc. However then I lead them to the next question: Have you borrowed for your house? They jump and say yes. My house cost me 93 lakhs – i put Rs. 12L […]
Half the country’s population is now an agent. So it is quite unlikely that nobody has approached you with a “you must have this …insurance policy” kind of spleen. However, you may or may not have agreed. Most of us doubt the credentials of the person who pitches any product to us. Insurance is worse. […]