I find the tenor of your article offensive and am forced to respond:
Bonus: It is impossible for an agent to quote any amount they want as bonus. The regulator insists on presenting only two scenarios to the customer: one presuming an investment return @ 6 % and the other @ 10 %.
Huge Commissions: The agent is under law obliged to disclose the commission he/she is recieving on the sale. All you have to do is ask! High commission products are not necessarily bad for customers.
You will get a better return on your own: Buy Term and invest the rest is an old trick in the book. Pls do an honest analysis of your saving pattern and you will fig that we are not disciplined enough. If you have not done it in the last ten years the possibility is remote that you will do it in the next ten.
Don't need cover: Cover has nothing to do with dependents. What if you have to live with an illness or a disability?
While there are black sheep in every calling to label the entire community is unfair. Terms like "how not to get tricked by an insurance agent" are derogatory.
Lastly Insurance is the only product where you can ask for a refund within two weeks of buying if you are not satisfied.
