If you do not know who is paying your financial planner, take heart, you are paying a much higher price than you want to. Frankly it does not matter what a person calls himself / herself. If a person says ‘I will spend time with you and make a financial plan, and I will charge […]

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Thanks to my degree, having been a member at the exchanges (albeit corporate), and having been in training, I keep meeting CXOs of mutual funds, reporters and journalists, life insurance companies – and a couple of times even banks. Amazing how they can say the same thing… – invest for the long term -‘I am […]

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The advantage of running a blog and doing some training is you meet people of various types, shapes and sizes. I meet people who have made immense amount of money in equity markets (upwards of Rs. 20 crores), people who are die-hard market timers (some have done well so somewhat debunking the theory that no […]

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Continuing the state of the Life insurance Industry… One very important part of this industry are the agents. Now the agents are of 3 types a. National Level Distributors (non banks), b. National Level Distributors (banks) and c. Individuals (largely local level). The N L D as they are called seem to be making money, […]

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If you have seen all the news items about ULIPs, other life insurance products, etc. you might have suddenly thought that life insurance business is not profitable. Banish that thought. It is very profitable – why do you think all foreign players are trying to get in? So here is the reason: Cost effective distribution […]

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