Comments on: Top 10 tricks used by Agents for misselling financial products http://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html Financial Planning , Insurance , Mutual Funds , Investments Fri, 10 Feb 2012 18:32:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-31414 Manish Chauhan Fri, 30 Dec 2011 12:33:45 +0000 http://www.jagoinvestor.com/?p=774#comment-31414 Umesh What does policy document say about stopping the premiums before the lock in period of 3 yrs ? Better stop this policy and start your investments in some MF Manish Umesh

What does policy document say about stopping the premiums before the lock in period of 3 yrs ? Better stop this policy and start your investments in some MF

Manish

]]> By: Umeshhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-31400 Umesh Fri, 30 Dec 2011 10:50:52 +0000 http://www.jagoinvestor.com/?p=774#comment-31400 Dear Manish, This is 2nd year of the HDFC Young Star Supreme Suvidh plan i took for my daughter. I can recall all the statements from agent as mentioned by you. Now the policy fund value is even than the premium i already paid. I am little worried. The term is 15 Years. Dear Manish,

This is 2nd year of the HDFC Young Star Supreme Suvidh plan i took for my daughter. I can recall all the statements from agent as mentioned by you. Now the policy fund value is even than the premium i already paid. I am little worried. The term is 15 Years.

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-28940 Manish Chauhan Sun, 13 Nov 2011 12:39:11 +0000 http://www.jagoinvestor.com/?p=774#comment-28940 Rahul First thing you need to know is that premiums not FLAT for lifetime . It can change every year because its a yearly contract only . Also the premiums today might consider the LIFE TIME RENEWAL THING . Each company has their own thinking, experience in health insurance and based on that thye feel that they can provide life time renewal . Other company might not think like that . Also when a person would be of high age , his premiums at that time will also be big Manish Rahul

First thing you need to know is that premiums not FLAT for lifetime . It can change every year because its a yearly contract only . Also the premiums today might consider the LIFE TIME RENEWAL THING . Each company has their own thinking, experience in health insurance and based on that thye feel that they can provide life time renewal . Other company might not think like that .

Also when a person would be of high age , his premiums at that time will also be big

Manish

]]> By: Rahul9618http://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-28939 Rahul9618 Sun, 13 Nov 2011 11:54:35 +0000 http://www.jagoinvestor.com/?p=774#comment-28939 Dear Manish, Looks you have very deep knowledge of Insurance Industry. I need a suggestion: I'm seeking to purchase a health insurance & I've even done R&D to my level. As per my findings Apollo munich is best one but I have a doubt ,how Apollo providing the lifetime renewal,is there something hidden cause maximum of the companies have renewal limit till 70years,but how come Apollo is providing lifetime & that with flat premium for life time. We all lucky to have a person like you in our network who tells the facts very bluntly to the level that many of Insurance guys don't like to read. Kindly suggest me ....! Expecting your reply soon..!!!! Dear Manish,

Looks you have very deep knowledge of Insurance Industry.
I need a suggestion:

I’m seeking to purchase a health insurance & I’ve even done R&D to my level.
As per my findings Apollo munich is best one but I have a doubt ,how Apollo providing the lifetime renewal,is there something hidden cause maximum of the companies have renewal limit till 70years,but how come Apollo is providing lifetime & that with flat premium for life time.
We all lucky to have a person like you in our network who tells the facts very bluntly to the level that many of Insurance guys don’t like to read.
Kindly suggest me ….!
Expecting your reply soon..!!!!

]]> By: srinivasuhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-19599 srinivasu Wed, 02 Feb 2011 05:51:41 +0000 http://www.jagoinvestor.com/?p=774#comment-19599 dear all, stopping or cancelling a ulip is first to issue a stop payment letter signed by the a/c holder to his bank, next visit the life insurance co.. and again fill a paid up letter in a proforma of that co... there is a difference between lapsed and paid up policy. no charges applicable for reviving a paid up policy in future. kindly visit the life office or call the help line instead of believing every word of agents or executives.. thanks for this good work. dear all,
stopping or cancelling a ulip is first to issue a stop payment letter signed by the a/c holder to his bank, next visit the life insurance co.. and again fill a paid up letter in a proforma of that co…
there is a difference between lapsed and paid up policy.
no charges applicable for reviving a paid up policy in future.
kindly visit the life office or call the help line instead of believing every word of agents or executives..
thanks for this good work.

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-19557 Manish Chauhan Tue, 01 Feb 2011 14:05:07 +0000 http://www.jagoinvestor.com/?p=774#comment-19557 Raju sadly you will have to be a victim now as you didnt pay attention and didnt enquire yourself about the policy , they have put Premium allocation charges as ZERO , but charged you by using other name like "Policy admin charges" . Manish Raju

sadly you will have to be a victim now as you didnt pay attention and didnt enquire yourself about the policy , they have put Premium allocation charges as ZERO , but charged you by using other name like “Policy admin charges” .

Manish

]]> By: rajuhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-19552 raju Tue, 01 Feb 2011 13:15:11 +0000 http://www.jagoinvestor.com/?p=774#comment-19552 Tata Aig Life Invest Assure Sampatti yearly premium - 30000, Sum assured is 1,50000... Below are the policy administration charges Per Rs 1,000 basic sum assured – Re 1 per month Per Rs 1,000 of basic sum assured for the first two policy years – Rs 4.25 per month I bought this policy last year feb 2010, and i recently got statement in the last month. Since i was out of india i couldn't track over the last whole year, and i was really surprised looking at the charges which are coming around 10000 till now for just one year. I haven't paid the 2nd premium and just finding ways to come out of this policy. Manish please advice me with your valuable suggestions on how to deal with this policy whether to discontinue or pay for 3 years and leave it or any other option... Tata Aig Life Invest Assure Sampatti
yearly premium – 30000, Sum assured is 1,50000…

Below are the policy administration charges
Per Rs 1,000 basic sum assured – Re 1 per month
Per Rs 1,000 of basic sum assured for the first two policy years – Rs 4.25 per month

I bought this policy last year feb 2010, and i recently got statement in the last month. Since i was out of india i couldn’t track over the last whole year, and i was really surprised looking at the charges which are coming around 10000 till now for just one year. I haven’t paid the 2nd premium and just finding ways to come out of this policy.

Manish please advice me with your valuable suggestions on how to deal with this policy whether to discontinue or pay for 3 years and leave it or any other option…

]]> By: rajuhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-19551 raju Tue, 01 Feb 2011 13:07:42 +0000 http://www.jagoinvestor.com/?p=774#comment-19551 Tata Aig Life Invest Assure Sampatti http://money.outlookindia.com/article.aspx?263750 Below are the policy administration charges Per Rs 1,000 basic sum assured - Re 1 per month Per Rs 1,000 of basic sum assured for the first two policy years - Rs 4.25 per month Friends...i am one of the victim of this product, please be away from these ULIP products. Tata Aig Life Invest Assure Sampatti

http://money.outlookindia.com/article.aspx?263750

Below are the policy administration charges
Per Rs 1,000 basic sum assured – Re 1 per month
Per Rs 1,000 of basic sum assured for the first two policy years – Rs 4.25 per month

Friends…i am one of the victim of this product, please be away from these ULIP products.

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/top-10-tricks-used-by-agents-for-misselling-financial-products-and-how-to-deal-with-it.html#comment-19434 Manish Chauhan Thu, 27 Jan 2011 21:22:30 +0000 http://www.jagoinvestor.com/?p=774#comment-19434 Pankaj I would agree with you .. You are right in saying that buyers are in mess today because of the wrong expectations they have created over the years . Manish Pankaj

I would agree with you .. You are right in saying that buyers are in mess today because of the wrong expectations they have created over the years .

Manish

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