A hurriedly written article - by someone who has very less depth of understanding the insurance market. For instance - in the very first point the columnist's friend is living in a "I thought so" environment. She fails to understand even the very basic principle of extrapolation by making reasonable estimates!! The remaining points too are not quite valid - viz. the commission, commissions can be as low as 2% and not necessarily what the columnist quotes!!! Returns if you see are much higher. 100% of the investment can be put in equity linked products - the author is again wrong by saying only 10-15% in equity. Overall the article needs to redone. It seems to be more emotional kind than being a ground truth!!!
