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Why is it magnitory to have insurance when it is not guaranteed to cover anything? |
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Can insurance companies find out if you are married even if you didn't change your name? |
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Life insurance on my dad as i am his carer? |
| can i take out life insurance on my dad??, i am his carer and he has muscular dystrophy......... |
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My grandfather found an endowment that matured after 64 yrs the insurance company sent him a check for 226.00? |
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Insurance claims query? |
| Where does an atheist stand against what is classed as an 'act of God'?... |
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Insurance with Pre-existing thyroid --Get 10 points!!!!? |
Hi All,
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How can I get free/cheap medical insurance, I'm 14? |
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Is it worth getting Home content insurance ? |
I have about 6k worth of home cinema gear , Should i get insurance ?
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Fire fraud? |
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Does insurance cover a car that got in a wreck when breaking the law? |
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Health Insurance with a congenital heart defect? |
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Why are there people that are uninsured? |
| I know this may sound silly but i only know what I do from my limited perspective. Im my state we have medicaid and health plus for low income families. Can someone explain to me why is it that with ... |
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Can i buy life insurance after heart surgery? |
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Vijay N | Why insurance company fooling peoples by selling ulip policy,what irda doing?" ? |
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Anand V
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Vijay, its not the insurance company that is fooling the people it is the agents.
Since ULIPs offer them hefty commissions, they sell ulips to people who least know about what a stock market is. They are the ones who are cheating our people...
Reg. IRDA: This has already come to the notice of the IRDA and IRDA is planning to have a few certifications completed by all such agents before they can sell any insurance products. The curriculum for those certifications are under discussion now.
We cannot put the entire blame on the agent alone, our people are greedy. when someone tells us, your money would double in 3 years we dont even ask how. we just put your money into it. then when a stock market crash happens, we complain that we were cheated. Part of the blame lies in us also.
Am i right dude??
Cheers,
Anand
http://anandvijayakumar.blogspot.com
mail me at anandvijayakumar@ymail.com if you need any more details. |
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HMT
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When a person invests his hard earned money, he should not take blind advice.
He should undertake a thorough study of the product.
Complete information of ULIPs is available on the web sites of insurance companies. They also have a benefit illustration.
People don't take out time to study all this.
So it is not the insurance company that is to be blamed.
If I sell you a radio that is not working and you buy it without checking it first, who is to be blamed? |
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Insurance Pickle.com
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I apologize on behalf of my country for your previous answers. If they don't understand that the rest of the world wasn't born to the English language then they should confine themselves to reading the USA questions only....
The answer to your question is likely that it's not the company fooling the people as much as the agent. There is a purpose for the product, but if it's sold improperly then it doesn't mean the product is bad...just inappropriate for the situation.
It could be that or also the desire to make money.... |
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car253
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Selling what? What is who doing?
If you think an insuance company is doing something wrong then call your Dept. of Insurance or Insurance Commissioner in your state and file a complaint.
You may want to post more details. |
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mrsdeli
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huh?? |
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onelove
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?What? Anyway, insurance companies are just out to make money by selling policies to people but not fully covering them. I've dealt with insurances that have denied paying for Inhalers for children who have asthma stating it's not medically necessary. Stupid! |
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dfvader
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Maybe you should be more clear on what they are doing to fool people? I beleive its perfectly acceptable to fool people on April 1st if that happens to be the day you where fooled? |
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S D
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How much hemp did you smoke today. Find a lucid individual and have them compose your question in english |
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