According to IRDAI data, an amount of as much as Rs. 15,167 crore of policyholders is lying unclaimed with 23 life insurers. Insurers have already been instructed to take necessary steps so as to identify the policyholders or beneficiaries and… Continue Reading
We meet many Senior Citizen who have been sold Life Insurance and regret that they have bought Life Insurance which is not needed by them I often wonder why should they buy life insurance and tried to list the reasons:… Continue Reading
50-year old Anurag was plagued by worries pertaining to his retirement. Pandey, an insurance agent, was met by him for knowing about available retirement solutions. Pandey offered a presentation on the possible retirement plans with their benefits. Some of these… Continue Reading
Mis-selling by your banker is one scenario which can arise if you are not careful with your finances. Trusting your banker blindly is a strict no-no, particularly when it comes to your financial planning and investments. Actor Suchitra Krishnamoorthi’s story… Continue Reading
That occasion of a month when despite all expenses from your wife’s shopping to children’s school fees, you were able to save some spare money. Often with this spare money, you will knock the doors of banks to securely deposit… Continue Reading
Losing a loved one to the eternal power is the most dreaded dream and a wretched reality we often try to escape from. Grieving over your loss is like the ocean, it sometimes comes in calming waves and sometimes like… Continue Reading
Visit your banker and soon they would lure you to buy a scheme which works like a fixed deposit but offers better tax-free returns. You sign on the dotted lines without realizing that you are buying insurance where you have… Continue Reading
Ramesh wanted to renew his FD and visited his bank. At the bank, he was sold a policy with promises of superior features than fixed deposit. Ramesh was sold with features as below: You will have a better return than… Continue Reading
Insurance Industry faces a major challenge of insurance mis selling. These mis selling are of two types: Types of Insurance Mis-selling Insurance not matching with the needs of customer Insurance being sold on exaggerated promises There are various reasons of… Continue Reading
There is nothing like free insurance!! Often we fell trap of freebees. A phone call suggested that if you buy Life Insurance they will provide free health insurance. This cannot be true. There can be two scenarios: They add a… Continue Reading