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Making Insurers Explain Costs
Business Standard,
26 July 2009
 
 
 

Are you afflicted with IIMB?

98% of Indians have an irrelevant type of life insurance policy with them. They have bought life insurance either to save tax or as an investment. In this process, one often ends up paying a huge premium and getting a negligible cover. This low cover bit was amply demonstrated by the KILB Ad. Besides KILB , most people are also afflicted with what we call IIMB (Investment Insurance Mix Karneki Bimari).

Did you know that a cover of Rs. 10 Lakhs can be bought for as low as Rs. 3000 per annum (for a 30 year old) and for Rs. 4200 for a 40 year old? How many of you have bought a Term Plan or even heard of one?  Are you confident that you have the right policy in place? Though most people pay sizeable premiums, they end up getting a low cover because they end up with an irrelevant product that neither gives sufficient cover nor sufficient returns. Wrong decisions on life insurance policies are absolutely lethal to your overall finances.

Save your precious money by having the right kind of policy and protect your family by having the right kind of cover. So which policy should you actually have?

We answer the following questions for our clients and ensure they have the best life insurance strategy in place

  • Is my Policy Relevant for me?
  • Am I paying the right amount of premium ? Is my premium high and cover low?
  • How much life insurance do I need?
  • How much premium should I be paying?
  • Which product should I opt for?
  • What should I do about my current life insurance policies?

Besides Life Insurance, we review your health, critical illness, disability, professional liability insurance, motor insurance and every other policy and ensure you have appropriate policies in place to address the different risks every affluent family or individual is exposed to.

We will provide a comprehensive Insurance Solution addressing the following areas

  • Life Insurance
  • Medical Insurance
  • Disability Insurance
  • Professional Liability Insurance
  • All Risks Home Owners Policy and Home Contents
  • Auto Insurance
  • Overseas Travel
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