I do want to know that investing money on private insurer like bajaj allianz will be a trustable? A person said to me these companies has showed balance sheet as loss. can i trust the company. The Company tells that they will give the interest ratio by 20% per year by investing the money in midcap fund. How far this is possible. For further information whom do i contact
Thanks with Regards
Sathees babu j
1. Proving "Reliability" and "Trustworthiness" depends on performances and sinceretity. They are (the privateers) are yet to prove the same. This is a profit-making but highly risky biz, and which is why they actually lagging far behind LIC's claim payment ratio(99% +). It is a worldwide practice. If they are to pay claims, they will definitely make losses..They are to make profits,more profits and quick profits. You'll be getting votes "for as well as against" them...just for becoming confused.
2.Yes, they all are (except the SBI Life, which made a profit ONLY for this fiscal year) making loss since their entry into the arena. They are yet to make a "Profit surplus" so far and that's why more willing to sell the ULIPs where the premims(after deducting a heavy charges) in the stock-mkt.
3. An assurance of 20% return is simply a damn lie! Do not believe such agents or even thier CEOs(if they tell so).It is not only against the law but blunt patters! DO NOT B ...more