227, Unique Industrial Estate,
Twin Tower Lane, Prabhadevi,
Mumbai, 400 025. India.
2016 August
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When not to buy Life Insurance?
- August 29, 2016
- Category: Insurance
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The primary goal of buying a life insurance policy is replacement of future income of the breadwinner in the event of his death. Life insurance is vital for the future well being of loved ones as it helps them to cope with financial responsibilities in the absence of the earning member. While insurance is essential, it is possible that in certain situations, it is not required. Like for instance, if you do not own a car, you do not need auto insurance. Similarly, in certain situations, life insurance is not required or some people may outlive the need for insurance […]
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How to tackle unfair selling practices of banks?
- August 14, 2016
- Category: Banking
A plethora of financial products are available today suiting our various financial goals and risk appetite. More the choices, more the confusion. Banks have become a one stop shop for offering all kinds of financial products and services besides accepting deposits and lending money. While the objective of the RBI is to enhance the wider reach of financial products by appointing banks as intermediaries, it has given rise to a menace – rampant misselling. With bank employees being offered performance linked incentives, the question of potential conflict of interest is always existent. It has become a common practice, rather malpractice […]
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Having multiple bank accounts? How many do you really need?
- August 1, 2016
- Category: Banking
The definition of convenience has evolved in the 21st century thanks to the internet. Ironically, the more convenient our life gets, the busier we have become. It is because we humans have a tendency to complicate the simplest of things. We focus on so much unnecessary clutter that we forget to view simplicity as it is. Take the case of online banking. One need not visit the bank nowadays for financial transactions or information. Everything is available at the click of a mouse. But still, managing multiple bank accounts could be a cumbersome task. Ask anyone how many bank accounts […]
