The world of insurance sales is murky and it gets proven every day. Here’s one more. A reader recently emailed to me that his son had taken up amongst other insurance policies: New Endowment plan with profit : Sum Assured 14.95 lakhs, started 2016, yearly premium is Rs. 40,836 New Endowment plan with profit : … Read more
The pressures of business can be huge and it can make you do things that bring serious damage to your reputation and credibility. As you know, Max Life insurance is soon to be merged with HDFC Life insurance, leaving only the latter as the bigger company. I believe as a part of the mandate, Max Life … Read more
I recently received a comment on my health insurance post. Here it is. Hi, I read up on your comparison of health insurance policies. There are 2 statistics for the Royal Sundaram Lifeline Policy: a. CLAIMS PENDING FOR OVER 6 MONTHS (% OF CLAIMS PENDING AS OF 31 DEC 2014) which is 21% b. Incurred … Read more
Insurance continues to disappoint. Every comment or email that I receive reflects the disillusionment with investment based insurance products, more specifically with “Pension Plans”. The customer now wants to surrender these plans. Some are not happy with the returns, others don’t see the fit with their goals. I wonder how millions of people were taken for a ride. The … Read more
For all the financial savviness that one might have, numbers still find a way to stump us. This is what exactly happened with Vaibhav. “You will need Rs. 25 crores as your retirement fund.” I announced to him after inputting the numbers in the retirement planning calculator. I was working with him on his financial … Read more
Rohit was driving back from Pune to Mumbai through the expressway. After crossing Lonavala, in the Ghats, the curves on the road become so sharp that sometimes you cannot see what’s around the corner. Rohit saw the milestone. He was 70 kms away from his destination. Just then he happened to look at his speedometer, … Read more