Re: Insurance fraud by ICICI?

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Very pertinent article and headline. My dad, 75yr old, was sold (should I
say tricked into) a ULIP of 5Lacs, by his "wealth manager". His only wealth
being his own house and govt. pension. There should be a possibility of
criminal proceedings against such "wealth managers". However, we soon
realize that the "wealth manager" is just a little pawn. The tactics are
systematic.

On Tue, Mar 20, 2018 at 9:51 AM, Suresh Ramasubramanian <[email protected]>
wrote:

> The list has seen zero traffic over the past several months / a few years
> so .. why not restart it.
>
>
>
> Just came across this interesting article.  Worth a look =E2=80=93 if onl=
y because
> a police department has finally taken note of rampant misselling of
> insurance (where ICICI is hardly the only offender, any and every markete=
r
> of life insurance needs his claims carefully examined before buying
> anything, and even then only buy pure term policies).
>
>
>
> https://thewire.in/business/how-indian-insurance-
> companies-are-defrauding-the-bottom-of-the-pyramid
>
> _______________________________________________
> India-gii mailing list
> India-gii-IAPFreCvJWP2/[email protected]
> https://lists.india-gii.org/mailman/listinfo/india-gii
>
>


--=20
regards,
Banibrata
http://www.linkedin.com/in/bdutta
http://twitter.com/edgeliving

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<div dir=3D"ltr">Very pertinent article and headline. My dad, 75yr old, was=
 sold (should I say tricked into) a ULIP of 5Lacs, by his &quot;wealth mana=
ger&quot;. His only wealth being his own house and govt. pension. There sho=
uld be a possibility of criminal proceedings against such &quot;wealth mana=
gers&quot;. However, we soon realize that the &quot;wealth manager&quot; is=
 just a little pawn. The tactics are systematic.<br></div><div class=3D"gma=
il_extra"><br><div class=3D"gmail_quote">On Tue, Mar 20, 2018 at 9:51 AM, S=
uresh Ramasubramanian <span dir=3D"ltr">&lt;<a href=3D"mailto:suresh@hserus=
.net" target=3D"_blank">[email protected]</a>&gt;</span> wrote:<br><blockqu=
ote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc s=
olid;padding-left:1ex"><div link=3D"#0563C1" vlink=3D"#954F72" lang=3D"EN-I=
N"><div class=3D"m_-2897146149229226433WordSection1"><p class=3D"MsoNormal"=
><span style=3D"font-size:11.0pt" lang=3D"EN-US">The list has seen zero tra=
ffic over the past several months / a few years so .. why not restart it.<u=
></u><u></u></span></p><p class=3D"MsoNormal"><span style=3D"font-size:11.0=
pt" lang=3D"EN-US"><u></u>=C2=A0<u></u></span></p><p class=3D"MsoNormal"><s=
pan style=3D"font-size:11.0pt" lang=3D"EN-US">Just came across this interes=
ting article.=C2=A0 Worth a look =E2=80=93 if only because a police departm=
ent has finally taken note of rampant misselling of insurance (where ICICI =
is hardly the only offender, any and every marketer of life insurance needs=
 his claims carefully examined before buying anything, and even then only b=
uy pure term policies).<u></u><u></u></span></p><p class=3D"MsoNormal"><spa=
n style=3D"font-size:11.0pt" lang=3D"EN-US"><u></u>=C2=A0<u></u></span></p>=
<p class=3D"MsoNormal"><span style=3D"font-size:11.0pt" lang=3D"EN-US"><a h=
ref=3D"https://thewire.in/business/how-indian-insurance-companies-are-defra=
uding-the-bottom-of-the-pyramid" target=3D"_blank">https://thewire.in/busin=
ess/<wbr>how-indian-insurance-<wbr>companies-are-defrauding-the-<wbr>bottom=
-of-the-pyramid</a><u></u><u></u></span></p></div></div>
<br>______________________________<wbr>_________________<br>
India-gii mailing list<br>
<a href=3D"mailto:India-gii-IAPFreCvJWP2/[email protected]">India-gii-IAPFreCvJWP2/[email protected]=
org</a><br>
<a href=3D"https://lists.india-gii.org/mailman/listinfo/india-gii" rel=3D"n=
oreferrer" target=3D"_blank">https://lists.india-gii.org/<wbr>mailman/listi=
nfo/india-gii</a><br>
<br></blockquote></div><br><br clear=3D"all"><br>-- <br><div class=3D"gmail=
_signature" data-smartmail=3D"gmail_signature">regards,<br>Banibrata<br><a =
href=3D"http://www.linkedin.com/in/bdutta" target=3D"_blank">http://www.lin=
kedin.com/in/bdutta</a><br><a href=3D"http://twitter.com/edgeliving" target=
=3D"_blank">http://twitter.com/edgeliving</a></div>
</div>

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