NO ONE IS INSURING YOUR LIFE IN INDIA AT ALL!
Hearty Good Morning to all of you!
Sorry for being a tad late in reaching out to you ; I was reading and preparing some materials for an upcoming Regular Investor Session today.
“Investment, eh, Sir?” You may well ask.
My response would most spontaneously be,
“Insurance is not your investment. It’s an amount carrying an uncertain promise at best –it may have little value in real terms on the maturity date thanks to India’s inflation–and at worst it’s downright stupidity and proof that your IQ is <70!
“It is metaphorically like putting your head at the feet of a huge moneylender, say LIC or any other financier firm to play with your remittances as he likes to generate a lot of profits for himself thru further lending of YOUR amount.
Insurance firms of every description is here in this country and they cheat a lot of people too by using all kinds of hoaxing tricks to sell their stuff –like calling your policy a SIP(Systematic Investment Plan) or a mutual fund in disguise or a money multiplier par excellence!
They know they have but rotten fish to vend and that they must glory an imaginary recipe of a “Rotten Sardine Rhubarb Pickle“ if they wish to sell their stuff too. This is precisely what all of them are engaged in doing 24/7/365.They well know that millions of suckers get born in this country every day and they wait for such suckers. Maybe YOU have also been one such sucker!
Dear ones, beware of insurance!”
NO INDIAN FIRM IS IN THE LEAST INTERESTED IN ENSURING THAT YOU REMAIN SAFE TILL YOUR DEATH AT ALL.
Once you take a policy at a weak moment, they simply don’t bother to ensure that you undergo periodic medical checks of any kind. Even that first one that they boast about putting you thru is a farce and a sham. I know this first hand.
Most don’t even conduct ANY medical test at all, and later they claim that you have played them foul in some manner. They are all that dishonest great white sharks.
In fact NO ONE can make your life smooth for you too. An Indian commoner’s life is that horribly uncertain.
This is a population congestion nation with a million uncertain variables that can affect your life fatally–e.g. road accidents, skirmishes with neighbors, tavern brawls, ingrate kids taking to arms, burglary, robbery, mugging, kidnapping, blackmail, honey traps, irrational taxation ,acts of God, freak floods, fire, and many more.
NOT EVEN your pet LIC!
All that they are interested in is ensuring that you remit your premiums month after month as long as possible—viz. as long as they can keep you well hoodwinked with fantasy dreams– so that they can lend the amount to others to generate 500% profits for themselves with YOUR money too! For your information, the LIC is a huge financier that lends at up to 19% to most State governments in this country as they did to my home state a couple of years ago!
But do they give YOU the policy holder any interest at all? NO!
An Indian bank (Damn them to Hell!) is running a racket here and I lost some good money in it thru my unfamiliarity with the tricks of insurance sellers and my own simplicity.
Like they say I am a cat once singed and hence twice shy of displaying interest in anything remotely redolent of insurance!
INVESTMENT means putting your money in a fund that helps the nation become better thru a variety of ways and in return generates profits for you enough to be able to carry you along to heights that you can’t imagine now.
I am an active participant in an investment advice firm here.
AND I have much to learn as I go along. We have investor meets and special sessions to learn of routes to growth-personal growth too. Many that come to attend such sessions are Investment Consultants; they make a pile by helping others to make their savings work for them.
My life may not let me become among them anyway but I am happy to have growing assets.
So, bye for now!
I shall be with you later in the day!