InvestmentsMoney BoxPersonal FinanceApril 18, 2017by Monika Halan0Markets are rising. Be alert to hard sales
When markets rise all kind of hard sales begin. This is an alert to investors on what sellers are doing to push their commissions,
Expense AccountInvestmentsMutual FundsPersonal FinanceJanuary 10, 2017by Monika Halan0Irdai hikes agent payouts
In a market with falling costs, the Indian insurance regulator hikes agent compensation. Formalises what were earlier illegal payouts.
Consumer RightsExpense AccountPersonal FinanceJanuary 19, 2016by Monika Halan0How to grab 70% of a premium
IRDAI hikes the peak commission plus incentive rate in the first year to 70%.
Expense account, Mint Though I’ve noticed the similarities between healthcare and retail finance, the inherent conflicts of interest in the business models of the two snapped into focus as I watched the latest episode of Satyamev Jayate. For those who did not tune in, the show focused on the conflict of interest in healthcare where doctors...
Expense Account, Mint For an industry waiting with bated breath for the new regulator to indicate which way the wind will blow, the two-page circular uploaded on the Securities and Exchange Board of India (Sebi) website on 9 March 2011 (http://bit.ly/fMcM0o) quickly became the most emailed and forwarded document. Through the circular, Sebi has allowed...
Expense AccountNovember 29, 2010by Monika Halan0Bank churning needs RBI action
Expense Account, Mint The murmurs heard are now backed by data. Banks and large corporate distributors are churning mutual fund investors. Mintmutual fund editor Kayezad E. Adajania’s story “Banks nudge investors out of MFs; smart HNIs stay for bull run” (http://bit.ly/aTPn2A) has data to show that banks and large corporate distributors have churned their mutual fund...
Expense AccountSeptember 15, 2010by Monika Halan0You’ve been mis-sold a policy if…
If you, the customer, are a day late in a credit card bill payment or a phone or electricity bill, you’re fined. Don’t pay for some time and you begin to get legal notices. The electric supply company will simply cut supply. The phone company will cut the connection. A small error in home loan...
Expense AccountSeptember 1, 2010by Monika Halan0Ulips: re-made in India
Expense Account, Mint Armed with basic knowledge of an Excel sheet and some dribbles of wisdom after a basic capital markets course, when I opened a unit-linked insurance plan (Ulip) brochure five years ago and tried to do the math, I fell off my chair. The sheet showed me a product that was so inherently...
Expense Account, Mint I cannot forget the conversation with the chief of a newly born asset management company. The year was 2008. The world as the West knew it was collapsing. And this CEO’s US-based parent company, bang in the middle of imploding all across the world, was on life support paid for by the...