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Life Insurance

Say, what all do you need to be happy?

Publication: DNA, Mumbai;   Date: July 3, 2007;    Section: Personal Finance;   Page: 6 LICs Jeevan Anand certainly cant help you buy all that The other day I got a call from my uncle who wanted me to invest in what he thought was a fantastic product from the Life Insurance Corporation of India (LIC). I politely declined, but he […]

A plan your child can do without

Publication: DNA, Mumbai;   Date: 14 June, 2007;    Section: Personal Finance;   Page: 6 Attactive as LICs Komal Jeevan may appear, it gives you neither cover nor returns Insurance in India is synonymous with the Life Insurance Corporation of India and vice versa. For a long time, LIC was the only life insurance institution and the only products available […]

Dont fall for Ulip sales pitch

Publication: DNA,Mumbai;   Date: March 22, 2007;    Section: Personal Finance;   Page: 6 Most insurance companies and agents mislead customers to solicit business Unless you are the kind who does not watch television, “Bajaj Allianz super agent mujhe apna tax bachchana hai” is an advertisement one can see over and over again, these days. Given the fact that it […]

Say no to annuity schemes

Publication: DNA, Mumbai;   Date: January 16, 2007;    Section: Personal Finance;   Page: 6 The net yield on them is not very impressive Insurance companies have for long played on our fear of old age and sold so-called pension plans to us. But, are these plans the right choice? Pension plans can be largely divided into two categories: immediate […]

Deferred annuity not a good idea

Publication: DNA, Mumbai;   Date: December 30, 2006;    Section: Personal Finance;   Page: 6. Combining life insurance and pension planning is not right   Like childrens insurance plans, retirement plans also suffer from what I call the “label” effect. Right from emotionally appealing advertisements like “Sar Uthake Jiyo” to aggressive marketing tactics, the insurance industry leaves no stone unturned to […]

Childrens insurance is a misnomer

Publication: DNA, Mumbai;   Date: Dec., 9, 2006;    Section: Personal Finance;   Page: 6 You and your child will do well by keeping insurance and investment decisions separate   Whats in a name” might sound cliché, but in the financial services industry, “Everything is in the name”. Classic examples of this are the ludicrous childrens insurance plans on offer. Its […]

Life insurance is not an investment

Publication : DNA, Mumbai;   Date: Aug. 14, 2006;    Section: Financial Planning   Page: 24 Ajay Mehra, an acquaintance, sought my advice on his insurance needs six months back. He asked me: “Do I need an insurance of Rs 90 lakh?” I shared my thoughts with him on why insurance is important and how he should go ahead […]

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