Create knowledge
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Educate them on Insurance
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Having Products that satisfies needs wants and demands
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Ramachandran Mahadevan
| Supported idea
"Educate them on Insurance "
| 2 years ago
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Continuous education-awareness, learning for literates and illeterates-- is a necessity
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Danaseker
| Added idea
"Government Support"
| 2 years ago
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After Andhra Pradesh, Tamil Nadu Government has entered into an agreement with Star Insurance to give Insurance for the poor people. Like this all the State follow this it will reach the poor population of India which constitutes the major...
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Ideate: "How to make Insurance relevant for masses??" deleted from your view.
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Insurance should be sold as Insurance only and not as Investment
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Too much charges on customer..
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Mathew Cherian
| Added idea
"Premiums to sum assured is analomos"
| 1 year ago
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Suppose if the sum assured is 100000 and the insurance company feels they have 80% chance of pocketing 100000 without needing to pay and 20% chance of pocketng 50000 before risk ensues, then they will price it at 90000 for the life of the...
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Danaseker
| Supported idea
| 2 years ago
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Yes I support Niranjan's view. Investment in Insurance is a long term goal. People don't have passion to wait to see the results. As a lay man if they see the fund value whatever they invested major part goes to charges and makes people to fear they...
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Kaushal
| Supported idea
"Insurance should be sold as Insurance only and not as Investment"
| 2 years ago
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Agree with this. Insurance is the only structured product available today which covers following financial planning 1) Risk Management : Risk against uncertainty like Death, Accident, Sickness 2) Estate Planning : inbuild facility of assignment...
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Ideate: "Why people don't opt for insurance ?" deleted from your view.
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There is no doubt that there is a huge potential for retail banking in India. There are two main reasons behind this. Firstly, it is now undeniable that the face of the Indian consumer is changing. T...
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Amit Gupta
| Answered
| 3 years ago
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In my opinion,Indian banks have very strong position in near future. In fact the reatil division of Indian banks are doing very good. In this scenario, where the corporate sector are showing a disbalanced growth, retail banking is gaining...
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Danaseker
| Answered
| 3 years ago
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I agree with Mr.Rajneesh Sharma, due to Regulatary check by RBI, Statutory Audit, Concurrent Audit our Banking system sailed safely in troubled water of recession. Competing with Gobal Bank at what cost it will end up with large volume of NPAs. But...
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rajneesh sharma
| Answered
| 3 years ago
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Present system of retail Banking in India is showing steady and healthy growth as compared to other global Banks. In my firmed opinion, we should not compete with such Banks ,as our system, regularity functioning, retail market, customer approach...
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Answer: "What do you think India's retail banking do to compete with its global peers?" deleted from your view.
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Ever wonder why your customers think the way they do? Or why they choose to do business with you, instead of with your competitors? The consumer mind is a mysterious thing. To effectively target insu...
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vijayasaravanan
| Answered
| 3 years ago
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As of now insurance is being sold to the customers not bought. Customer buys only because of repeated approach by the agent and mostly buys only for the agent. Here the company stands secondary. The awareness, need and importance for insurance is...
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Danaseker
| Answered
| 3 years ago
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Firstly interaction, customer relationship, trigering customer mind what he actually looking for.
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Santosh Bajpai
| Answered
| 3 years ago
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Hi, Insurance is a tool being a human being for risk and perception not known by any one in the status quo as well as necessity requirement of his legal heirs and successors responsibilities, accountabality, liabilities and profitabilities to...
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Answer: "What all should the insurers know about the customers to understand them and change their perception?" deleted from your view.
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(rate this)
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Yes
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7
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2
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No
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Jairam Gopalan Aiyer
| Argues in support of
"Yes"
| 3 years ago
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Yes, it is already happening Bancassurance. Recently, for an educational loan the Bank suggested to one of my customer - a Term Policy; after discussing with the customer I convinced them for a Whole Life Policy. Another Bank has now suggested an...
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Danaseker
| Argues in support of
"No"
| 3 years ago
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One way it is good but in other way Insurance business is done mostly by individual Insurance Advisors whose career will be affected.
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Niranjan Meena
| Argues in support of
"Yes"
| 3 years ago
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Yes I feel that multi distribution channel will help the insurance companies. Multi-distribution is the most effective way for insurers to attract new customers and increase the wallet share from existing customers. The average mature-market...
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Debate: "Multi-distribution channel- a growth lever for insurance.!!" deleted from your view.
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(rate this)
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Yes
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7
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16
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No
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Charles davison
| Argues in support of
"No"
| 2 years ago
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Defenitely NO If we are in crisis cut down on our perks and spendings its in our times it has affected we have to bear it, not those who have served their mite and have endured such economic crisis in their times and gone thru it painfully . It...
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Danaseker
| Argues in support of
| 3 years ago
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Pension is the backbone of a retired person, if the spinal chord is cut how can he/she stand in the current situtation of inflation, raising prices, left out by children, day to day health hazards like H1N1 flu and what not in future due to global...
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Vijay Bhaskar
| Argues in support of
"No"
| 3 years ago
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It is sad that the thought process is going this way. Would you think of loosing on your life long investment just because of the recent screwup of the financials? Pension is the way by which our former peers get recognized for what they have...
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Debate: "Cut cost through Pension of retirees" deleted from your view.
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(rate this)
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wait & watch
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NPS VIEWS
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vijayasaravanan
| Added idea
"Will NPS survive?"
| 3 years ago
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Every product can be sold when there is some one to sell. This particular scheme charges very very little so the seller(advisor) will get nothing. And moreover people cant get themselves informed about this without an advisor. So without anyone...
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Danaseker
| Added idea
| 3 years ago
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We have to wait and watch the NPS whether it has been introduced as election trend. Any new product we have to wait till 2 years to know the pros cons
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Jithesh Ramesh
| Supported idea
"Will NPS survive?"
| 3 years ago
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I somewhat agree with Vijaya.Hardly people know about this NPS and without complete awareness about this among general public,one can't accept it to give competition to insurance products.But hindsight insurance products need to be innovated in...
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Ideate: "How will the insurers cope the challenge posed by the cheaper National Pension Scheme (NPS)?" deleted from your view.
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(rate this)
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Yes
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4
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7
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No
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Danaseker
| Argues in support of
"No"
| 3 years ago
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Most of the call centres facilitating services to foreign nationals who are looking for every needs through internet but not in India as far as Insurance is concerned even in meeting in person they have not understand the concept of Insurance as...
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Kaushal
| Argues in support of
"Yes"
| 3 years ago
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Internet can be a viable medium for GENERAL INSURANCE. But not for life insurance.
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moulik shah
| Argues in support of
"Yes"
| 3 years ago
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Definately it can do well but with only thing has to be ensured that the wordings should not float like it looks as spam. it is a smartness always to put the business in such a way that customer likes it and asks for it. The main point to fetch...
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Debate: "Internet a medium to buy Insurance" deleted from your view.
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(rate this)
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Insurance industry is affected because of mis selling of insurance products and customers are duped without having full knowledge on insurance product they buy and they blame the Company due to this....
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Vipin Bhasin
| Answered
| 2 years ago
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Miss-selling is obvious wrong but only for those cases where investor/client wanna to understand the products according to their need. Because almost 90% clients are not interested to understand the plans according to their need. They are...
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lal kamleshwar singh
| Answered
| 2 years ago
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mis-selling can never be appreciated at any circumstances and in any condition. actually mis-selling starts when we started clubbing INSURANCE with INVESTMENT. Although I strongly believe that the concept of insurance selling is quite different...
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SUSHANT AWASTHI
| Answered
| 3 years ago
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Dear Danaseker, I knew one thing when one is into business " Everything is fair in Present corporate situation" where competition is increasing day by day but on the other hand when before sleep we sit and evaluate ourself for only 5-10 min....
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Answer: "Mis-selling of insurance products- it is right or wrong" deleted from your view.
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(rate this)
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' Today as well i am not going to share anything new here ' But yes i have some points in my mind which i would like to share with you guys. I am not that much experienced person in insurance but still i have little knowleadge about insurance' Why People believe insurance is not a good choice as a career. Why do people try to escape from insurance sector. Why they feel its one of hardest career chioce to make. Its been long time i shared any experience here about my job : today again i am going to add little about my experiences in Insurance industry.Some people believe that insurance selling profile is very useless profile . there is lot of people around me who also believe so i have 2-3...
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prakashraj kumavat
| Commented
| 2 years ago
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Its not easy to sell insurance in this market but if you work according to companies policies process then definitely you can sell insurance. Because in India only 22% people are insured, so there is potential market for insurance products. As &...
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Danaseker
| Commented
| 3 years ago
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As you said it is a tough job to pacify the customer to close the call that's why they are rewarded to sail in troubled water. Need advice to get into it as I am new to this field. I will be waiting for your post
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Sharath Kotian
| Commented
| 2 years ago
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Mr Vishab, You are the right person but in the wrong place. People with your kind of vision and with your kind of willingness to put in hard work should be in the right place and that is LIC of India. Believe me, you are wasting your precious time...
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Insight: "INSURANCE GETTING TOUGH TO SELL" deleted from your view.
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