By banning the sale of ULIPs from 14 insurers, SEBI has effectively put a stop to the entire Insurance industry in India. Because 80% of the new premium comes from sale of ULIPs in India. What’s more interesting is that…
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Ranjan Varma's Blog
Learning and Sharing Things Around Books, Mind and Money
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SEBI Bans ULIPs: Regulators in a Boxing Ring
How to Sell ULIPs to Unsuspecting Customers
Recently, I was an unannounced visitor to my Aunt’s place where a bunch of people were explaining a financial product. It turned out that the people were Branch Head and Advisor of a private insurance company and they were selling…
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Open Letter to Kamesh Goyal, Bajaj Allianz Life Insurance CEO
Dear Sir, In an interview published in Economic Times, you say that “I think, this suggestion copying what is done in New Pension Scheme and Mutual Fund sounds a bit far-fetched” This was part of an answer to the question…
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ULIP Investment: 50000 turns into 47000!
A CEO of a tech Startup invested Rs 50000/- in a ULIP when the Sensex was around 10000. “Why is the value Rs 47000 now when the markets have gone up to 14000+?”, he asked me. “Well, only 30-35000 would…
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