Archive for March 22, 2007

Dont fall for Ulip sales pitch

Publication: DNA,Mumbai;   Date: March 22, 2007;    Section: Personal Finance;   Page: 6

Most insurance companies and agents mislead customers to solicit business

Unless you are the kind who does not watch television, “Bajaj Allianz super agent mujhe apna tax bachchana hai” is an advertisement one can see over and over again, these days.
Given the fact that it is that time of the year when insurance companies hope to get a bulk of their business, this flood of advertising is not surprising. The advertisement emphasizes on the time tested cliché of insurance being a tool to save tax rather than a tool to hedge against the risk of dying early.
Likewise the advertising billboards of Mumbai are loaded with Chintamani advertisements with punch lines like dont just settle for tax planning but also do life planning. » Read more..