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, […]

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If you qualified in 2007..and started a SIP in 2008 in a long term equity fund, chances are your account is still in the red. Trying telling this kid ‘In the long run you will make money’. Even well qualified and older persons are finding it difficult to believe their ‘wealth creation strategy of doing […]

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The role of a regulator is more like a traffic policeman rather than like an investigative policeman. The traffic police makes rules: – only persons above 18 should drive – a 2 wheeler rider and his pillion should wear a helmet – signals mean……. – license application, format, test, etc. We have had a regulator […]

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Awesome news item saying that IRDA is cleaning up. Great. The way the financial services sector is structured, it should not be difficult to do it. There is only one downside. 38 mutual funds and 16 life insurance companies will close down. So the media being supported by them will shut down. No more sponsors, […]

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  Recently when a friend asked me what are the risks in unit linked plans…I said Well Max New York Life has started a campaign saying “Our agents are different”..well I wish they say this to the client BEFORE the client signs up: Sir the following risks exist in a Unit linked Plan: 1. Buying […]

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Many of my posts have been saying why one should not buy LiC policies, let me tell you the exact / specific reasons why, and I have these views for the past umpteen years, even pre 2001, when you had NO CHOICE: 1) LiC policies like classic endowment are opaque (this is actually true for […]

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