All finance company shares are up and in the sky. With p/e ratios in the 30s and even in the 90s. Let us ask ourselves some basic questions. What will really happen if Tata, Birla, LnT, Shriram group, Religare, Indiainfoline and a couple of others do get a banking license? To start off, there will […]
This is the one and only question that should be uppermost in your minds when you buy an insurance product. Does not matter whether it is life insurance, health insurance or auto insurance. Let us deal with each one of them. Take life insurance. When I checked the premium for a 28 year old wanting […]
Well not long ago in India there was a business group called the Ambani group. When we met as journalists or as analysts we were told that the younger brother Mr. Anil looks after finance. Then one day Mr. Anil Ambani wanted out and the elder brother said ‘let us split’ . So they split. […]
Many people ask me why I suggest New India for medical insurance, but never suggest LIC for life insurance. The answers are simple. Medical insurance is a simple product and the probability of getting a good interpretation of the policy is quite high with New India. In fact if you have not lied in the […]
http://www.subramoney.com/book-written-by-me/ Surely when somebody approached Mr. Dinanath Shinde and Mr. Afzal Maknejia for buying life insurance, they must have said: a. I do not need life insurance or b. At my level I cannot afford life insurance. Agents hear this day in and day out. Little did they realize that a drunk Nooriya Haveliwala would […]
A couple of days ago I got a mail saying “Insurance is a waste of money. I am 62 and never needed it”. It is such an amazingly stupid statement I could not believe it. ‘I’ have not needed it does not mean ‘nobody’ needs it. So it is foolish to talk like this. It […]