The worst thing about writing a blog and trying to be original everyday is a quick realisation that you cannot! Frankly there are only 140 pages that you need to write in personal finance. Beyond that it is re writing. Like if you have read Bhagavatham, Ramayana and Mahabharatha ….you have really captured all the […]
A friend sent me a long list of life insurance policies that he had. It was only long – and literally carried no weight. None of the life insurance was bought because he needed insurance. The people who sold him policies were his doctor’s wife, his wife’s aunt, a colleague, a bank Relationship manager – […]
I am not writing one more word on should you buy a UL or a MF product. Enough has been written in the world about this, right. I was just trying to see how both the regulators are looking at the products. 1. ULIP sellers can make a policy illustration: It is mandatory that the […]
Not sure how many of you deal with American companies or read about the sales practices of the aggressive financial services companies there. They have something called ‘boiler room sales people’ – people who call clients, create stress and do sales. Have I found its equivalent? For those not well versed with the insurance sales […]
A few days ago I had posted a chart showing how the claims settlement ratio looks like in life insurance in India. LiC was at the top with about 97% and some of the newer firms were at the bottom at 50%. Of course it was a play on numbers and for the common man […]
You are a common man and wish to buy term insurance. You read subramoney and decided R company’s premium is the lowest and so you decided to buy from company R. Now comes the fun. You meet a person who charges you for advise (so you know you are paying him), but unknown to […]
There are a few words which when a financial planner says looks cool. If my planner said them to me, I would look for a new planner! What are the words? 1. I will give clear, and UNBIASED advice! After 30 years in the trenches of the financial services industry I have not been able […]