A 75 year old man with diminished vision and multiple other medical problems, enters a bank with his lifetime savings to make a short term FD and the bank guys trick him into buying an annuity product of Life insurance on the pretext of higher returns than FD.
@ashishsontakke@lifeIn_SlowLane Thats sad @ashishsontakke …..in my case they have taken a one time premium of a whooping large amount……and the amount has been locked for my father’s lifetime. Now, tell me what’s the use of this policy if his hard earned money could not be utilised by him during his lifetime.
How many of you expect a 75 year old to read the document and not trust the bank staff?
Should such policies be really sold to senior citizens?
Are the rules and procedures of a company more important than somebody’s life?