Third in this sad saga of a lousy salesman. “Subra I wish to pay Rs. 60,00,000 as premium for a life cover of Rs. 6 crores – Rs. 4 crores for me and Rs. 2 crores for my wife. The beneficiary should be my kids. Me: Noble thought – glad to meet you regarding life […]
This is perhaps the worst possible line that the life insurance industry wants to see….. Why? Simply because the life insurance industry exists for itself, not really for the client. So the industry does not want to antagonize the agent. The agent feels that he is doing the sale, the paper work, convinces the client […]
Clients regularly ask for “How much will my investment become in 22 years?” Really, I have no answer… In analyzing the possible rate of return of either a new or existing life insurance policy, and comparing it to possible alternatives, it is first important to understand how inherently unreliable, unnecessarily exaggerated, confusing, difficult to […]
Don’t take this risk with insurance – the mistake of nominating wrongly! Most people name their beneficiaries when they buy the policy, and then never give the subject another thought. That could be a mistake. Good consultants recommend that you take the time to review your policies’ beneficiary designations periodically (annually or whenever there is […]
I have always been of the firm opinion that it is easier to understand stats or maths applications than to understand business. Or did I contradict myself? Well, well, if you did not understand cricket BUT understood statistics you will come to 2 WRONG conclusions based on YOUR understanding of maths and stats. 1. Inzamam […]
There are many reasons why a person should not (need not, will not…whatever) buy life insurance at all: (please note this is written tongue in cheek and some naive readers should not take it seriously) This is just to take a dig at the excuses that people give… Life insurance is one of those […]
Good morning Mr. Subramanyam, this is Mr. A Saxena from Metlife Insurance company, can I speak to you for 5 minutes? Me: Yes please go on… Saxena: Sir you have 3 policies of Metlife which has expired, and ML has returned only Rs. 25,000 to you. Actually you have paid Rs. 125,000. We found that […]