A vast majority of Indian middle class has some or other ULIP/Endowment life insurance policy. Why is that so? When a layman goes to the insurance company/agent to buy a term insurance policy. The insurance agent speaks 2 simple sentences- “If you buy term insurance, you will need to die to get money” “Paisa waste ho jaayega if you buy term insurance”- your money will get wasted if you don’t die. So, sir, please buy endowment/ULIP- where you will get your money back after 5/10/15 years. Return of premium + bonus, guaranteed by the xxx of India! Easy to sell. Do you agree? Happy ..read more

Three levels of Wealth First: Out of debt. Second: Don’t have to look at the cost of a restaurant before entering it. Third: Don’t have to look at the price of an air ticket before planning a vacation. After that, it really doesn’t matter! Nanga hee to aaya hai, Kya ghanta le ke jaayega? Happy Investing Vijay ..read more