the flow just continues… A friend called me to say he is buying a new life insurance policy. Luckily he called me before he signed the cheque. I asked him why did he have to buy a policy – his son and daughter have just completed good top class education and are in nice jobs. […]
Which is a good product to take? Mutual fund + term insurance or unit linked insurance plans? Well it depends on the knowledge level of the buyer, and the smartness of the salesman (in India calling people who sell also financial planner is a regrettable fashion statement). Well, let us take a case of you […]
What is wealth? And what is having a wealthy mindset? I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to […]
I could have easily adopted the text book method of defining wealth – and there are many available. Instead let us look at mindsets. It starts from the basic question of “Why do we borrow?” Most of us will today not need to borrow to buy a VCD or a television (did you note we […]
The best thing that life insurance business has done in India is it has eliminated mis-selling in mutual funds! How is this possible? Simple the rewards for mis-selling in life insurance plans is far, far greater than mis-selling in mutual funds, so many of the players have shifted games. That brings us to the question […]
It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about it, you will do things differently. This is what Warren Buffet has to say about reputation risk. Frankly this is perhaps the most ignored aspect today in financial product sales. Most people who are looking to selling […]
I have been asked this question a zillion times. Earlier to my personal experience with a South based famous group medical life insurance provider my answer may have been different. Now I am convinced that you should take it only from NEW INDIA or one of the public sector providers. Do not mistake me. I […]