Create knowledge
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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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satish kumar matam
| Added idea
| 2 years ago
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because people feel that the amount paid is premium is higher than the benefit what they get. in india the premium includes saving portion as well the risk premium portion. but when the customer weighs the gain or opportunity cost of the money he...
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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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(rate this)
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1
Find your Human Life Value first..
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HLV AND NO BONUS CONCEPT
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Badarish
| Added idea
"Monthly Family Expenses"
| 1 year ago
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E.g:Mr.Raju aged 40,working in MNC and his wife Rekha housewife 35,their monthly house hold expenses is Rs50000/- out of which Raju spends Rs15k on himself.Raju were expected to live till 70 and his wife till 75, How much does Mr.Raju needs to be...
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satish kumar matam
| Added idea
"HLV AND NO BONUS CONCEPT"
| 2 years ago
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human life value is the prime concept in deciding how much insurance you need. but that concept goes bersek once you know how much premium you have to pay for securing that much sum assured. as mr.chandramouli rightly said that no body wants to...
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V.Chandramouli
| Supported idea
"Find your Human Life Value first.."
| 2 years ago
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Even though I agree with human life value, but one must also assume the capacity to pay. Say for eg. I want to cover for a crore S.A. but my annual income is around Rs.1.5 lac how is it possible? I have to cover up my basic needs and daily...
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Ideate: "How much insurance you need?" deleted from your view.
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(rate this)
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It will go down fast.
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2
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4
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The federal Govt. will make it to rise
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Shanti Roshan
| Argues in support of
"The federal Govt. will make it to rise"
| 9 months ago
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The Americans are far more mature than us in handling matters of security and economy. They will put it back in place as soon as possible. But it may take at least a year, if not more.
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Rajani Kanth
| Argues in support of
"It will go down fast."
| 3 years ago
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Well I see the American economy loosing its shine and now again the Euro economies will dominate the world.
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satish kumar matam
| Argues in support of
"The federal Govt. will make it to rise"
| 2 years ago
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the govt. of america will give a helping hand to its banks and financial institutions as any economy is dependent on taxes and savings of people. And there is no other go to the american people except again queuingup before banks and fiancial...
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Debate: "Whats the future of American Banks and Insurance companies." deleted from your view.
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(rate this)
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LIC Of India will slowly move into Banking Services
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15
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LIC Of India will stick to Life Insurance Only
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ASOKE KUSARI
| Argues in support of
"LIC Of India will stick to Life Insurance Only"
| 2 years ago
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Yes .. LIC Board is to decide. If Private players and NBFCs may be invited ... why not LIC Housing Finance pray for a Banking licence ? And .. that will be a better option for the prospective clients. But ... questions lie elsewhere :- --- ...
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satish kumar matam
| Argues in support of
| 2 years ago
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LIC is already having a major and controlling share in some of the banks. If it had any plans of entering into banking sector it will not buy a major stake in the already existing banks. And it is better for LIC to stick to life insurance business...
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Niranjan Meena
| Argues in support of
"LIC Of India will stick to Life Insurance Only"
| 2 years ago
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Nice thought Jairam Ji but already LIC has entered into an agreement with other Banks for marketing their products in different regions. And there will be conflict of interest if they get into direct banking space. Currently LIC’s stakes in...
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Debate: "Will LIC Of India become a Bank rather than remaining only an Insurance Company?" deleted from your view.
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(rate this)
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WHAT ARE YOUR VIEWS ABOUT BANKING AND INSURANCE INDUSTRY? IS THEIR BE ANY RELATION BETWEEN BANKING AND INSURANCE INDUSTRY AND IF YES THEN HOW AND WHY? WHAT ARE YOUR VIEWS ABOUT SALES AND SERVICES P...
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satish kumar matam
| Answered
| 2 years ago
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it is not clear what you want to know about the banking and insurance industry. the banking and insurance industry are the major finance generators and levers of any economy. and there will be no stopping to the banking and insurance industry....
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Answer: "what do you think from banking & financial industry?" deleted from your view.
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(rate this)
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I have one question to ask today 'Why Indian customer want cheaper insurance'. this question coming into my mind since last 3 months as i am dealing with all kind of customers. and i found very inte...
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Viktor Stephen
| Answered
| 2 years ago
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"Many Indians tend to buy cheap insurance or no insurance at all. Not buying or buying cheap Insurance policy, people do not seem to care much. We by definition are very fatalistic people. We do not believe we would ever die or the product we...
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satish kumar matam
| Answered
| 2 years ago
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basically, in india insurance is the last option among all the saving options as there is no sufficient knowledge about the concept of insurance and also that no person can foresee the financial difficulties faced after his death. As insurance is...
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Mathew Cherian
| Answered
| 2 years ago
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There are few reasons why Customers look for cheaper insurance in India. Take for example Health cover. The Indian environment is very trecherous in economic terminoloty 'infefficient'. So risk of living and operating business is very hight....
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Answer: "Why Indian customer want cheaper insurance ? " deleted from your view.
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