LiC collects money from the small saver. It pays commission ranging from 4% to 40% based on the product that it has sold, the remaining money gets invested. Where does it invest? Well to keep the people happy it invests in Secured Government Securities. Chuckle chuckle who decides the price? Government of India! Does LIC […]

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No, I am not looking for an agent..just writing an article on the changing scenario… The life insurance business is one of the MOST lucrative in the financial services industry – MORE profitable than banking. Look at big fortunes made in this industry – it has helped companies fund very large successful companies. In India […]

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‘My Grandson has run up a HUGE debt…fool he is, so I am going to repay it in one shot’…………….said a friend’s father. Chuckle chuckle….DO NOT REPAY the loan I said. I said again R bhai, do not repay your grandson’s debt, it is not worth it. He was really shocked – knowing my anti-debt […]

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I just did a post saying ‘Men and Money’ so here is a post on Women and Money. Assuming that the Man is the main provider and the wife is the secondary (financial) provider, what are the things she should do to know how much is the husband earning? Is it enough? Are they living […]

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Recently heard of 2 frauds in companies lending against gold…. One of the biggest risk in a single commodity lending is the risk of that asset falling so badly that it creates a lot of NPA in your books. Now the lovers of gold will argue till the cow comes home that this cannot happen. […]

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Does every business have to be profitable? To the common man, yes! Not true, not true, not true at all! Many people do businesses to: – keep themselves busy – to show to the world that they are doing a big business – hoping to make money 10 years, 20 years or 30 years later! […]

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Many of us are likely to live long enough on this planet to need some kind of assisted living. How much exactly does staying in an old age home cost? Frankly I have not done enough research to do such a post, but here is some rudimentary info. You will need to do more research […]

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