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

https://www.monikahalan.com/the-insurance-regulators-70s-mindset-is-not-serving-the-purpose-in-2020/

Signs of market failure in life insurance

https://www.monikahalan.com/signs-of-market-failure-in-life-insurance-the-hindu/

Monika’s book on basic money management

https://www.monikahalan.com/lets-talk-money-english/

Monika’s book on mutual funds

https://www.monikahalan.com/lets-talk-mutual-funds/

Calculators

https://investor.sebi.gov.in/calculators/index.html

You can find Monika on her social media @monikahalan. 

Twitter @MonikaHalan

Instagram @MonikaHalan

Facebook @MonikaHalan

This is a Maed In India Production; check us out at www.maedinindia.in

Creative Director: Mae Mariyam Thomas

Project Manager: Shaun Fanthome

Head of Audio: Kartik Kulkarni

Producer: Meghna Gulati 

Sound Editor: Lakshman Parsuram

Artwork: Alika Gupta