@TheOfficialSBI Home Loan closed on 6 April. Original documents received on 20 April. EMI still be debited today??Under what authority? Need immediate refund.
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@LGIndia Faulty remote not getting replaced for almost a week? This for a TV in warranty. Getting excuses like warehouse was shut for the week on account of Ganpati?? Firstly, a remote conking off in 3 months is itself problematic. And this is then the level of customer service?
India’s life insurance penetration stood at a meagre 3.2% last year.
If you’re in your 30s - you should know that insurance is an integral part of financial planning.
Here’s why you should definitely have life insurance cover by now. 🧵 (1/n).
@MASHS18 This generation will soon enough realise that Pure Term is not expensive. A 1 cr cover which can be a family saver today costing monthly - 2 movie tickets OR a tank of fuel for ones 2W OR 2 outside meals. That’s it. But it keeps getting incrementally more expensive with time.
What are key reasons for the young earning population to NOT seek the cover of a Term Insurance early on in their lives?
It is much cheaper at an early age, And one can get a cover for much longer. But still?
@MASHS18 However, for the current generation, information have changed from the (friendly?) agent. This gen is more informed and somewhat wanting to plan, as well, basis my limited interactions. I do believe that with this gen it may be only a matter of time before Term Ins sees adoption
It is very well understood that RBI's move:
Increasing repo => Creates an environment => May curb spending => May contribute in cooling demand side inflation.
But do you see you consumption habits changing? Taking loans? HL may still be at below 8%, Taking fewer credit cards?