I know the reasons too.. Having worked as a personal financial planner and also as an insurance adviser (not now), I know how the insurance sales market works.
at least 85% of agents representing LIC do not even know their products properly. They mostly mis-sell as advised by their development officers. ULIP products like Money Plus (probably discontinued now) were successful only because of mis-selling.
in private sector, agents sell select few products, again due to pressure from their sales managers. No one really understands how an insurance product works and what are its real benefits. Product Simulation charts have become a major tool to mislead customers. No one wants to sell term insurance, though it has several good features.
Regards
Aditya Nadig
Aditya Nadig
On 24 April 2015 at 12:11, Ramchandra Reddy Vanga <vrcreddy1980@gmail.com> wrote:
Thanks Aditya,I agree with you. one can trust the financial planners cum agents.I mentioned about typical insurance agents, who sells only insurance policies. I believe most of them do not have proper financial education. They get high bouns/commission for all the policies other than term policies. So they do not prefer term policies. This is the explanation behind my point.Thanks,Reddy.--On Fri, Apr 24, 2015 at 12:58 PM, Aditya Nadig <adityanadig@gmail.com> wrote:Thats a nice explanation Ramachandra..However, I have objection to your 9th point.. There are few really good financial planners working as insurance advisers, who could be believed while choosing insurance plans.Regards
Aditya NadigOn 24 April 2015 at 11:35, Ramchandra Reddy Vanga <vrcreddy1980@gmail.com> wrote:1) Find out how much amount of money required for your family in your absence.2) Example : if they required 90,000 Rs. per year.You need sum assured of 10 lakhs. (can get 90,000 per annum as per current bank interest rate 9%)3) Term policy is better option to get high amount of Sum assured.4) Compare premium between different insurance companies.5) You can add riders apart from the premium, if you require.6)http://www.basunivesh.com/2015/02/13/best-term-insurance-plans-in-india-for-2015-a-comparative-list/go through this article this may help you.7) Do not mix insurance and investment, if you are really looking for investment there are too many options available.8) Do not listen to any insurance agent. Just look for what is your requirement9) And finally give all the information properly to the your insurance agent.Hope this information will help you.Thanks,Reddy--On Wed, Apr 22, 2015 at 10:47 PM, Aditya Nadig <adityanadig@gmail.com> wrote:There is some plan called Click to Protect Plus. Most of the insurance companies offer these products with slight changes in the plan. However, all plans have one common thing, i.e. Insurance premium will not be returned in case of maturity of the plan. However, in case of death or in case of disabilities* family will receive the entire sum. Some companies also offer regular income for the family for a period up to a few years.*conditions apply.Regards
Aditya NadigOn 22 April 2015 at 22:13, KIRAN <kiran23676@gmail.com> wrote:Thank you Adi, i will surely check them.
Regards,Kiran.There are some Term insurances, HDFC has the best, check on policybazaar.com. Its more like general insurance. You could insure up to 2cr at a cost of about 20-30K depending on your age.--
Regards
Aditya Nadig
On 22 April 2015 at 21:27, KIRAN <kiran23676@gmail.com> wrote:
intention is for Life cover...
Regards,
Kiran.
On 22 April 2015 at 23:04, Aditya Nadig <adityanadig@gmail.com> wrote:
What is your intention of buying an insurance? Is it for savings or for securing life cover or just to cover any loans?--
Regards
Aditya Nadig
On 22 April 2015 at 19:47, KIRAN <kiran23676@gmail.com> wrote:
--I am planning to take a life insurance plan, kindly suggest me a good life insurance plan from LIC or any other companies..Regards,
Kiran.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.--
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
This email has been checked for viruses by Avast antivirus software.
www.avast.com
This email has been checked for viruses by Avast antivirus software.
www.avast.com
--
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
--
We are also on Face Book, Click on Like to jois us
FB Page: https://www.facebook.com/pages/Hyderabad-Masti/335077553211328
FB Group: https://www.facebook.com/groups/hydmasti/
https://groups.google.com/d/msg/hyd-masti/GO9LYiFoudM/TKqvCCq2EbMJ
---
You received this message because you are subscribed to the Google Groups "Hyderabad Masti" group.
To unsubscribe from this group and stop receiving emails from it, send an email to hyd-masti+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment