ULIPs (Unit Linked Insurance Plan), though conceptually a good financial product which covers both insurance and investment needs, have earned bad publicity due to their heavy front loaded charges. Life Insurers have charged very heavy premium allocation charges initially. And…
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iMaximize: ULIP for Online Buyers with No Allocation Charge
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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Introducing India’s Online Insurance Community
BimaWorld is a new online Insurance Community in India. They have useful articles and discussions happening online. Btw, they also picked me as the winner of the “Question of the month” contest. (Vanity strikes!) I asked Devanand Agarwal, the Cofounder,…
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How is Buying Insurance Different from Buying A Car
What makes a financial product different from a car, TV or any other consumer items? The most important difference is that while a Car is bought, an insurance policy is sold. Moving on, the most plausible reason, I can think…
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Wrong Question: Should One Mix Up Insurance and Investments?
This is further to my post on Insurance v/s Investments A friend pointed me to this question posed at BimaWorld: Should one mix up insurance with investment? why yes and why no”. If I have INR 1,00,000 per year for…
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Tagged with: Financial Planning, Insurance, Investments
Posted in Financial Awareness, Insurance, Investing gyaan
Posted in Financial Awareness, Insurance, Investing gyaan
Have you figured out the difference between Insurance and Investments
The Simple Dollar reviews The Total Money Makeover and even though these are US figures it applies much the same to India. Here’s an excerpt (a point I keep harping upon): All of the [extra payments beyond the price of…
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