Read the above article in text format below: In the early 2000s, it was widely anticipated that the government would reduce the excise duty on cars in the upcoming Budget. As a result, demand for […]
Target GST relief to insurance smartly Read More »
Most people reading this article would have experienced the bank’s “relationship manager” trying to (mis)sell a life insurance policy to them. Harsh’s article in Business Standard on the economics that push the bank to cannibalise on their own deposits and convert them into Life Insurance premiums. Comments/ disagreements welcome.
Insurance: High surrender charges deter exits Read More »
Do you measure the progress of a journey by the amount paid for petrol rather than the distance covered? The Life Insurance industry seems to be doing exactly that in its laudable quest for “Insurance for All” goal by 2047. They measure the amount of premium paid rather than the life coverage provided. The only way to reach the Insurance for all goal is by way of group Insurance and term insurance which provides Life coverage at very low premiums. This will result in the the progress as measured by them dropping even as the goal is achieved. “A case of Patient successfully cured but the operation being declared as a failure” – a reversal of the popular maxim. Read the article for interesting example. Your comments are welcome.
Focus on coverage provided, not premium collected Read More »
Vigilance Awareness Week 2025 is being observed from October 27th to November 2nd, 2025, with the theme:
All stakeholders are encouraged to participate in the e-pledge initiative by visiting the CVC portal: https://pledge.cvc.nic.in/.
