Huebner (1964) postulated that the optimal sum assured for a working individual should be equal to the displacement cost of his life to his family/dependents. The HLV of a working individual is therefore measured by the discounted present value of…
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Ranjan Varma's Blog
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Human Life Value (HLV) Approach
Posted in Insurance
Implications of the Proposed DTC on ELSS & ULIPS
The revised discussion paper on DTC, has an effect of loss of tax immunity on the popular Equity Linked Savings Scheme (ELSS) and ULIPs. Presently, the revised discussion paper, has mentioned only the following six schemes will be tax-free, thus…
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Benefits of Buying Insurance Online
The Hindu Business Line has a report on “Why you should buy insurance online“. Excerpts: An array of insurance products in the life and general insurance spaces are issued online. Agent commission, which is a significant proportion of the cost…
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Insurance Is The Only Long Term Product Available?
Kamesh Goyal, CEO, Bajaj Allianz Life Insurance has an article on ET (By Invitation) titled; “Nature of Life Insurance Products is such that they deal with both Investment & Protection” Mr Goyal has put forth his arguments as to why…
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Why An Endowment Insurance Plan Does Not Make Sense
DNA has an interesting post on endowment plans A typical agent is likely to tell you, “Sir, the insurance company always declares a bonus of more than 4% (Rs 40,000) every year. So the bonus you get every year will…
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Posted in Insurance
Do You Feel Cheated By Your Insurance Agent?
My school friend Sailesh is very furious with his Insurance agent. The Agent has filled all wrong details from the data from his bank who is also marketing the policy. Following are the discrepancies :- 1) Wrong address 2) Wrong…
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Does it make Sense To Buy The Cheapest Insurance?
The internet has given us the choice of comparing quotes from the Insurance companies. Now let’s imagine you are smart enough to cut through all the jargons like critical riders, add-ons, etc, and are able to arrive at the best…
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Posted in Insurance
