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 on agency commission to be removed from 2011 and replaced with a fee-based system from a panel headed by PFRDA chairman D Swarup.
My question to you is “Why are Insurance companies trying to sell Insurance in the garb of Investment products?”
Especially, since Insurance and Investments are two different products, to my mind. Should one mix Insurance and Investment and Insurance v/s Investment
I find it paradoxical that you try to compete with investment products and then complain too.
Regards,
Yours faithfully
Ranjan Varma
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I would love to see Mr Kamesh’s comment here
Somehow these questions are just swept under the carpet again and again.
I agree with Ranjan
And also ask them why they even call the insurance provided as “protection cover” when its not more than 1-2 times of their yearly income ..
I know that its customers responsibility how much he asks for , in that case who’s reposibility is it to educate them about the right insurance requirement ?
Manish
http://www.jagoinvestor.com
nice article,
people in armani suits selling crap to gullible people
“Hi Ranjan! Thanks for the article & it’s nice & informative. I think that investment & insurance are two different terms & both must remain separate.
dear all,
welcome!thanks for the service.
A good question to a wrong man in a good place…
Bajaj life is a big brother in taking huge front loaded ulip polices,their UNIT GAIN(ALLOCATION 30% ONLY) created hurror in the markets in early 2004.
dear all, true!
life insurance and investements,tax saving are different objectives.
Donot try to mix them.
term planplus family floter health policy, ELSS and front line equity shares are simple to understand and execute.
thanks for this service.
STAY AWAY FROM ULIPS!