Let's Talk Money with Monika Halan - Should You Ever Buy a Bundled Life Insurance Product?

Apr 25 2024 14 mins 5

In this episode of Let's Talk Money, host Monika Halan dives deep into the pitfalls of bundled life insurance products, urging listeners to steer clear of these financial traps. She reveals how traditional plans like money back and endowment policies prey on investors with deceptive sales tactics, hefty surrender costs, and paltry returns. With a critical eye on regulatory shortcomings, Monika empowers listeners to protect their financial interests by steering clear of bundled insurance and opting for more transparent investment options.

From optimising investments for multiple goals to opening a PPF account for a child, no topic is left untouched. Monika also answers your questions about strategies for lump sum investments versus SIPs, along with considerations for emergency fund placement. Join us for invaluable insights into navigating the complexities of personal finance.

Chapters:

(00:31 - 05:00) Are Bundled Life Insurance Products Any Good?

(05:15 - 08:37) Different Funds For Different Goals?

(08:40 - 10:19) Opening a PPF Account For Your Child

(10:21 - 11:31) Lump Sum Investments vs. SIPs

(11:33 - 13:07) Where to Allocate Emergency Funds?

If you have financial questions that you’d like answers for, please email us at [email protected]

Why is there a bad smell about life insurance in India

https://www.monikahalan.com/the-very-high-front-incentives-are-triggering-massive-mis-selling-and-fraud-in-life-insurance-i-worry-that-as-the-unbanked-now-get-into-the-formal-financial-system-we-are-setting-them-up-for-financi/

Smart people don’t buy money back life insurance

https://www.monikahalan.com/opinion-smart-people-dont-buy-money-back-life-insurance/

The insurance regulator’s 70’s mindset is not serving the purpose in 2020