Insurance Mis-selling joke

A friend who works for a regulator ABROAD came to India to teach at arguably at the best 2 Business schools in India. As is customary his father took him to the bank to tie up some loose ends. The Branch Manager offerred him a Unit Linked Plan with a 40% assured return. Now here we are talking about a guy who teaches PhD students risk tolerance, risk profiling, asset allocation, equity markets etc. so when he heard this he flipped and said no. No, thank you.

The joke does not end here.

He then went for a meeting with some regulators in India. They said “Oh, this product does not fall within our purview”.

That was regulator speak, completely predictable.

I sent this joke on sms to 15 life insurance company employees, 11 banks, 6 media people, and a few other sundry friends.

I got 7 sms’s from bankers asking “Was it our bank?”

I realised how deep the malaise is!

Explore posts in the same categories: Jokes in financial services, Life insurance

Tags: , , , , , , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: