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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Ranjan Varma's Blog
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Benefits of Buying Insurance Online
Adding Insurance to ULIP Now?
I have two questions. But first read the background: The IRDA has tightened the norms on all unit linked insurance plans (ULIPs) to offer life cover on these products and that they should offer a minimum sum assured payable on…
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Whether Disclosure of Commissions by Agents Will Work?
This post continues on what I posted two days back on IRDA asking Agents to disclose commission. A friend told me that the idea looks very good on paper, but practical implementation is very difficult. Let’s see how. The Irda…
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ULIP: Policy Administration Charges Instead of Premium Allocation Charge
DNA has a report on ULIPs and how some insurance companies are charging as high as 48% of first year premium towards policy administration charges. Earlier, insurers used to deduct a substantial portion of the premium being paid in the…
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Posted in Financial Awareness, ULIP
Who’s the Villain in the ULIP Drama
The Unit-Linked Insurance Plans (Ulips) spat (Link 1, 2 ) between Regulators has dubbed the insurance companies and their Agents as the villains. However, to my mind, there is another character in the plot who is equally to blame for:…
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The ULIP Saga: Perspectives of an Ordinary Indian
Amid all the ULIP hoopla in the media, (on my blog too) I got a call yesterday from a distant relative asking me whether it’s a good idea to invest in, what else, a ULIP! When I asked him whether…
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Posted in ULIP
The Great ULIP Drama
As the regulatory war on ULIPs unfold, my hope is that it will blow the lid on the ULIP con game. Meanwhile there has been some updates and SEBI is not ready to hold back all its punches even though…
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