I hope to God no underwriter or actuary is reading this article. It is just a collection of the channels through which life insurance is sold these days. If some retired people cannot recognize some of the channels, please stop shaking your heads! Let us look at the channels:
1. The life insurance agent: the old, [...]
“There are two kinds of investors, be they large or small: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third type of investor – the investment professional, who indeed knows that he or she doesn’t know, [...]
the flow just continues…
A friend called me to say he is buying a new life insurance policy. Luckily he called me before he signed the cheque. I asked him why did he have to buy a policy – his son and daughter have just completed good top class education and are in nice jobs.
Well the [...]
The jokes are just not stopping. A friend had bought a unit linked insurance plan from a company. As is wont with friends, he called me a month after he had received the statement. He was shocked to find that he had paid Rs. 200,000 and the statement was showing an investment of only [...]
I do a lot of training and little of teaching. Normally i refrain from sharing their answer sheets. However, some were just too hilarious.
The answer for a question “What are the common mistakes a person does while planning his retirement” was
SPENDING TOO MUCH MONEY AT SPOUSE’S WEDDING!! – actually it comes from the [...]
Imagine a pyt comes to you and is selling you a complex currency and interest rate derivative. Your Director Finance and CFO do not understand the product after 3 rounds of explaining. So the pyt goes to a rating agency and gets a certificate saying this product is “Category B”.
Now the ego of the CFO [...]
This is a joke on financial advisors. A rich man changed his advisor and was not to happy. While at a club, his friend asked him – hey how is your new advisor. The rich man said “Oh! he is good. After shifting to him, I sleep like a baby. I cry every hour!! [...]
A new agent joined a private life insurance company. He took about one month to start and then started blazing all records in sales. Like they say “Din Dhugni raat Chougni” sales was happening. He was brilliant, absolutely brilliant. His immediate manager wanted to go with him on a sales call – one does not [...]
A senior executive from a leading private sector bank met up for lunch. One of the topics that came up was “Will gold prices go up?”. He immediately said, YES, it will shoot up if we sell more gold. Intrigued, I asked him to explain.
He told me a story of one PYT that the bank [...]
Many clients, students and friends call back saying “This xyz person offerred me 36% returns on life insurance policies” is it possible?
My answer has been “The fact that you are asking me shows you do not believe it”. After all you do not call me every day for every thing, do you? – is my [...]