Commented on archik's review
Jul 03, 2007 09:26 PM
As we go through our policy document closely it is policy holder's duty to pay premiums regularly agent can just assist in depositing it. I don't know how easily we put blame on others. I do agree that unjust is done with Mr. Archik. This makes us understand we should be cautious to choose our servi...ce provider i.e. our agent carefully. Investing our hard earned money needs lot of care, choose an agent, company etc.Read More
Commented on ssarkar97's review
Oct 23, 2006 09:38 AM
(Updated Oct 23, 2006 09:47 AM)
From your reviews we are confused which way to go. On one side in your earlier review you were not confidant on the service part of Max and now you had insured from them. As insurance is a service providing product. In america people choose insuring company by different criteria like mortality ratio..., claim ratio etc. Also we are unaware about the premium charged to you by the company, Your age and the features of the plan. We as readers think you are totaly confused personality and you need a expert to guide your insurance planning. Like B Tech is not a perfect degree to know about Astronomy, same is with insurance. I hope you must consult a insurance advisor, who will help you not to surrender your policy earlier as done before.Read More
Commented on tvsprasad123's review
Aug 01, 2006 12:03 AM
We must appreciate your efforts of making the investor aware of what returns he will be getting on his investment.
We should be thankful to you for making the investor realise what outcome will be there from his invested amount.
If investor is able to differentiate between his financial goals he ...would be able to choose a right product and goes ahead with his life witha leasure.Read More
Commented on bobby73's review
Jul 30, 2006 10:16 AM
He is an LIC Agent. I think LIC as an institution is always a good institution but quality of agents we send in the market is very poor.
I take a case of a plan recently closed by LIC i.e. FUTUARE PLUS. This plan is sold like any thing but saying 'pay lumpsum, with no insurace take back at anytime ...taxfree'. Where as this plan belongs to a category of a PENSION PLAN. As per incometax law of india any amount which comes out of a pension plan should become income of an investor and only after paying tax on it it will become his (capital) capital. A person who had invested with the above view of an agent must be under loss. If his return comes under secrutiny he will be paying a very large amount of fime on it.
As an institution LIC had not tought to sel the policy like above, but why had it happened. What impact is it going to make on an investor with a comany which Mr. BOBBY tells a best branded comapny.
This is the reason that i am saying that always Quality that matters not Quantity.
We all want some how economy of india should improve but saying that indian LIC is protector to indian economy is not fully right.Every financial institution is playing an important role in making figures in indian economy.
I hope we must not believe on the linesRead More
Commented on sribharath's review
Jul 19, 2006 05:53 PM
Mr Bharath i agree with you. I am authorised broker of AMFI (Association of Mutual fund Association of India) and unfortunately enroled myself with ICIC Mutual, I had logged my client's investments with them but till this date no comunication and no payback from there side. I hope if they don't care... for there consultant how could they serve better to their clients.
As per my view Franklin Templeton, Reliance have better services.Better shift to those companies.Read More
Commented on tvsprasad123's review
Jul 17, 2006 10:38 AM
A big agent force but of no use. Only 30% to 40% are known to their subject. most of them are good paybackers. Thereby loosing their commisions for next five years. Here is one cue for a coustomer of getting good profit from a policy. It is a person has taken a policy of say 5 Lac Sum Assured from a...n agent by paying 35000 as premium. Say he gets a payback of 15000 from agent and simultaniously he in paid a bonus of 25000 as his policy aniversary. In the year two he can reduce his premium to minimum 50000 Sum Assured, now the bonuses will accrew as 2500 approx. per year. So calcuating it he gets an additional benifit, but the agent will be struggling for his income for the rest of the period. I hope if a person is looking for his profits not insurance agent's them this is the right choice baby.Read More
Reviewed LIC Life Insurance
Jul 17, 2006 10:19 AM
7482 Views
(Updated Jul 31, 2006 11:47 PM)
The ULIP guidelines have changed (from 1-6-2006).
Which insurance policy we should invest in, should we go by policies taken tradionally or recently gaininig trends i.e. ULIP's
But when compared with traditional insurance plans, ULIPs would easily score on all fronts.
Considering the be...Read more
Reviewed HDFC Life Insurance
Jul 14, 2006 10:41 PM
6973 Views
(Updated Oct 23, 2006 09:24 AM)
Our old policies were not fetching good return and notransparencies were there in those policies. I hope ULIP’s are more flexiblethan our old plans.
Following are the flexibilities:
-to choose premium of our choice
-We can increase premium, but in old plans wehave to take a new plan whi...Read more
