Sunday, January 31, 2010

Insurance Advisor

Just tried creating a cartoon strip using ToonDoo and the topic selected was for obvious reasons!The average insurance advisor that one gets to see these day seem to ask about anything and everything, except insurance!!

(Click the image for a better view. Thanks!!)

Thursday, January 28, 2010

Comparing ULIP Fund Performance

Come Dec/ Jan and there is a big rush of insurance and investment companies and agents to cash in on the tax saving season. They would be the best aware that the typical salaried class would think about investments and tax savings only when their respective finance departments send the deadline for submitting tax saving receipts in Jan/ Feb - "Show the receipts or get taxed (heavily) during the last 2 - 3 months)!".

So I was not surprised when I got a call from a relatively new private insurer last month. As in typical sales talk, they said they had something exclusive for me, which they wanted to present to me in detail. I decided to play along, as i was impressed with their aggressive pricing in some of their other products and marketing strategies.

Monday, January 18, 2010

Health is Wealth?

I was recently asked by a blog reader for a review of ICICI Pru Health Saver policy. Health insurance is also a topic that i covered a couple of weeks back in a guest post at Jago Investor.

ICICI Pru Health Saver policy is a unit linked health insurance plan, where the policy provides Health Insurance as well as creates a "Health Fund" by allocating a part of the premium to market linked investments. Unlike ULIPs the costs associated with unit linked health insurance plans are somewhat opaque. Have a look at this link for an illustration.