Why ULIPs should not be used for investment needs

Whenever we are asked to analyse anyone's investment in ULIPs, we are reminded of how poorly they have fared. Here is what we had to say trying to explain why these might not be suitable for investment purposes: Why we would not recommend ULIPs for investment purposes Although there are many reasons for not investing … Continue reading Why ULIPs should not be used for investment needs

When it comes to insurance products, it’s all about the presentation!!

What if there was an investment opportunity which proposes to earn a CAGR of 7.25% (after tax) for 22 years. Would you jump at it? Despite the numerous legalities of the fine print, insurance products which mix investment have been a huge success in India. Many of us are happy as well with these insurance … Continue reading When it comes to insurance products, it’s all about the presentation!!

Medical insurance norms get more consumer friendly

No arbitrary premium hikes at the time of renewal. Insurance companies will be required to disclose the reason for increasing the premiums; Claim settlement within 30 days of receipt of documents. If there is a delay, insurance companies will be liable to pay a penal interest; Reason for rejection needs to be specified by the … Continue reading Medical insurance norms get more consumer friendly