Rahul Agarwal
December 16, 2014
Reading Time: 4 minutes When you go to the doctor and get medicines for your stomach pain, you don’t go back again after a year and ask the Doctor for interest or return on the fees you paid. The fees you paid is the cost of getting a professional advice. Similarly, insurance premium is the cost being paid to the insurance company for taking over the financial risks from us.
While this sounds simple, clients don’t get it. They expect a ‘return’. Courtesy, how the insurance products have been sold so far. Risk Management is a key focus area in financial planning and while we help clients to grow their wealth, we also need to help them identify the possible financial exposures and design right insurance solutions.
In this article, Rahul Agarwal, Founder Director at www.121policy.com explains the basics of insurance, reviews the current challenges and shares his thoughts on how we can move forward. He asks us to take a client focused approach and work for long term benefits.
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