| Topic : Changing perception of people towards insurance |
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Secure the future - Insurance |
The House of Motivation |
Life Insurance Corporation of India
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Activity:
Question posted: 05 26 2009 16:11:55 +0000,
3 answers, 322 views, last activity
07 06 2010 20:18:08 +0000
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Day in and day out you get calls from call centers of all Life Insurance companies trying to sell you their ULIP plans. My question is "whether selling insurance as an investment tool is correct?" "how long are we to believe that ULIP plans are the best insurance/investment alternative to a normal Life insurance policy?"
Mr. Kotiah,
Why are you annoyed with the PRIVATE COMPANIES? Is your company, LICI, not selling ULIPs? Is LICI not selling single premium policies? Have you ever asked your company when it is going to stop selling ULIPs and single premium policies? Does only your company reserve the right to be unscripulous and has been authorised to do all the evil acts? Why are you cursing, all the time, the private companies? Ask all these quetions to your company, first, which is the only root of all the evils in insurance industry. Why are you afraid of private companies?
These are not my quetions but are the answers to your anxieties. I am not supportive of selling ULIPs, may it be LICI or it may be a private company. I strongly believe in promoting sell of insurance for insurance and investment for insurance only.
Can you explain what do you mean by real Insurance Plans??
If the answer to your question is Pure Term plan, then probably the we should question the LIC's way of doing business over the years where it has positioned insurance plans as investment products rather than risk cover products and the proof of the pudding is LIC's way of garnering New Business premium by selling guaranteed single premium plan jeevan varsha for certain time duration.
Since LIC has alaways positined its products as investment cum tax saving products since ages now questioning the customers thought process of Insurance = tax Saving + Investment is suicidal.
YES,
i strongly belive in selling pure insurance plans in such a risky market.
even my co. forces and sells only pure insurance traditional plans which are total participating for bonuses,
i will also say that my is the only co which gives bonuses in cash to the policyholders from 3rd. year i will also say that my is the only co which gives bonuses in paid up capital which inbuiltly purchases sum assured
& i will also say that my is the only co which gives bonuses in premium offset which inbuiltly settle your premium with bonus.
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Just keep on writing. Whether you like the the thumbs up or down is immaterial. What you write is most important. And thats what people read and like to read. We cant live without critics in this world. The world is full of them. |
I agree with you totally Sir. Our homework is extremely poor. |
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