On one side Mr. Swarup says financial products should become cheaper. He also says that the customer should pay for the advisor’s services. This is a great move the person who is getting the services can choose how much to pay. However the IRDA has one funny (weird) condition in its armory. There is something […]
Financial inclusion, Financial Advisory, Financial planning, Financial planner, Financial literacy….vow these are the catch words today is it not? And all the financial product manufacturers, bankers, websites, etc. are now getting into all of these in some form or the other. It is politically a great sales pitch. However it reminds me of an English […]
If you are a little confused about the title of this story, well you should not be. Many people confuse cheap to be inexpensive. Wrong. Cheap is normally meant to denote quality, inexpensive to describe price. Here is a great life insurance agent who met a client. Unfortunately I had not known her client…I met […]
There is one person who is rarely quoted in Financial Circles. He is George Bernard Shaw. He said “Whenever I go to my tailor, he measures me up”. I wish all of us would do it! Once we decide on a particular thing we do not let new facts change our minds. We carry prejudices […]
If you are associated with financial services you know ‘misselling’ is a major problem. So I decided to see how much of misselling happens in other products and is it as damaging. The answer is a resounding yes. The financial services sector has regulators (RBI, SEBI, IRDA) who at least make some noises about misselling. […]
A few days ago I had done a post saying from whom you should not buy a life insurance policy, here is the sequel to that Having said what CANNOT be the reasons NOT to buy from a set of people, lets look at what you can do to protect / save yourself from trouble: […]
The key to quality insurance is in choosing a good quality Agent. The word agent comes from the Indian Contract Act, 1872 and it is the Christian name for the guy who brings insurance / mutual fund product to your door step. Nowadays they have various names like Consultant, advisor, and the like, but I […]