My latest Deepak Shenoy Talks Video on the Max New York Life Insurance Plan I was sent recently. Thought I’d do a video format and demonstrate exactly how much you lose when you go with a pension plan, compared with doing it yourself.   In th…

Posted in Credit Repair, DeepakShenoyTalks, Pensions Comments Off

In the process of the SEBI fight, IRDA has decided it will kill the concept of pension products as pure retirement plans. In it’s recent order: Based upon the insurance related data as of year ending March 31, 2010 and related discussions, t…

Posted in Credit Repair, Pensions Comments Off

Why are annuity rates in India so crappy? (Annuity: Pay a lumpsum now and receive a fixed income for the rest of your life) This is the return for a 50-lakh rupee annuity, purchased at age 60. LIC provides an annuity that returns your entire pur…

Posted in Credit Repair, Insurance, Pensions Comments Off

A twitter discussion led Ganesh Babu into writing about how insurers take you for a ride. An ad at www.simpleinsurance.in from ICICI shows you how, if you invest Rs. 2,000 per month for 20 years, you could get a pension of 15,315 per month after 30 yea…

Posted in Credit Repair, Pensions Comments Off