When you are a first-time investor you may get attracted to a lot of advertisement/hoardings/sales pitch where you are shown high returns. Any investment with such euphoria ends up with more painful experience than satisfaction.
I have received numerous queries on online term insurance and every query seems to suggest that there is some confusion regarding this product. Most buyers are not very clear on the process and there is a good amount of apprehension on the claim settlement. Many agents too participate in spreading the confusion, knowingly or unknowingly, […]
Recently Insurance Bill was passed in both the houses of the parliament. The expectation has risen since then that the services for the consumers will improve and there will be much more accountability. Considering the wide spread miss selling in this segment and the role of intermediaries it will be interesting to see to what […]
Insurance has been on the news since it was opened for private sector. Initially the survey how Indians are underinsured created the wave for insurance companies to penetrate in this sector. Then came the growth numbers and it was heartening to see how companies were infusing capital to ride this wave. Suddenly LIC woke up […]
Yesterday my friend Rajeev receieves a call from an advisor: Advisor: Mr.Rajeev, I am calling from XYZ insurance company and we have a very good savings plan for you. Rajeev: What is it? Advisor: You have to pay a premium of Rs.25 k annually and your money gets doubled in three years. Rajeev: Great….How will that happen? […]