Welcome!!!

Hello Friends!

This blog is created with an intent of creating awareness about Life Insurance and its complex yet essential aspects.

Today, the fruits of the post-liberalisation era are distinctly visible. There is a dynamism in the people that is worth appreciating. With rising standards of living and rising disposable incomes uncertainties have also risen. Quite naturally, life insurance has emerged as a handy tool to ensure protection against unforeseen perils and also a trustworthy investments vehicle.

However, one must not forget that life insurance is a highly specialised matter. A cue may be taken from the very fact that the life insurance sector was fully controlled by Government for nearly 50 years! It is only in the last ten years that the sector was opened up for competition from the private players. Moreover, a separate regulator IRDA has been entrusted the governance of this sector.

The very nature of a life insurance contract makes it even more difficult for a common man to understand the cost that he is incurring and the benefits accruing to him. This has attracted malafide activities with a view of quick buck.

Although the regulatory mechanisms for the benefit of policyholders are in place, I believe a prudent, informed buyer is what it takes. After all, self-help is best help!!