I did not intend to write on this  topic but in the last couple of days the cold calls from insurance agents provoked me . Few days back there is a very interesting column done in the mint on the insurance policies which die due to lapsation or the

product cost is too high.  Insurance in India is still a huge commission based business what is interesting the lapsation ration is on the high-rise from the data collected.

In insurance, customers return this product by either letting their policy lapse or by voluntarily surrendering their policy. Continue reading