There are plenty of pure term products available and sold online Most of the worst insurance products - the heavily missold ones - have been banned or significantly modified by pressure from the insurance regulator, IRDA
While sophisticated investors might not want to mix insurance and investment, it still remains an option - in several cases - for less sophisticated investors, as long as they find a honest advisor who doesn't missell to them. --srs (iPad) On 23-Apr-2013, at 15:10, Srini RamaKrishnan <che...@gmail.com> wrote: > On Thu, Apr 18, 2013 at 8:06 PM, Caitlin Marinelli > <caitlin.marine...@gmail.com> wrote: >> Do they need micro insurance? > > India is generally very passive-aggressive towards insurance isn't it? > Most insurance products sold here are halfway between investment and > insurance, with the insurance pay out generally being dismal, and so > also the investment return, but nevertheless popular. The status quo > is a self reinforcing cycle since no one in India really trusts > insurance companies to pay up yet no we are a risk averse lot. >
