Page 7 - Life Insurance Today June 2015 SAMPLE

Vol. XI No. 03 June 2015 Editorial

Editor-in-Chief ISSN - 0973-4813

Ram Gopal Agarwala Editor
B.Com., L.L.B., F.C.A.

Editor Ram Gopal Agarwala, B.Com., L.L.B., F.C.A. The increasing number of Ponzi scams in India signifies
the weakness of financial institutions in India who are
FAMD.rIs..CsIRo.oIcam.,ika.Pet.s(eGBhE.IJAMd.MgFi)ta.,I.or.CIrw.L.I,.a.,LMlP.MD.BAG.Br..s..C,J.RAso.Mamo. k.cF.Ce.(i.sCBa,hI.MtMAeA.).Bg,E.PaALdhr..w.iLADt.ao.BClra.,.A. Ph.D unable to reach out to the common man for
Shyam Agarwal purchasing financial products.

M.Com.(BIM), A.C.A.R, eF.sI.iId.Ie.,nPt.GE.dJ.iMto.Cr. It is also due to the fact that the awareness among the
public/investors particularly in rural areas is too low.
Sub Editor S. Chattoraj, Pune They easily get lured by promises of high return and as
Shruti Sood Dr. B. K. Jha, Sultanpur a result of which these ponzi firms prosper at the cost
of poor investors. The regulators are also to blame as
B.Com.(Insurance), F.I.I.I. how could these firms garner thousands of crores
Resident Editor Registered Office without their knowledge. This also proves that our
Abhijit K. Chattora2j5, ,NBaavrianMausmhibGahi o/sPhuSntereet, legal system is so weak that we are unable to stop the
Dr. B. K. Jha, SultanKpuorlkata - 700 007, India spread of these firms despite of so many regulators.
K. L. MadPhhookn,eN: e0w33D-2e2l6h9i 6035/ 3294 3723/ 4007 8428
Shaik Gulam AfFzaalxB: i9y1a-3B3a-n2i2,7S3a6u6d1i 2A/r4a0b0ia7 8429
B. K. Tuli, NewE-mWDaeeilblh:siiitnesu: rwawncwe.b@imbaimbaabzaaazar.acor.mcom
Registered Office
25, Baranashi GhoshCSutsreteotm, KeorlkHatealp- 7L0i0ne007, India

Phone : 0F3o3r-2n2o6n9re6c0e3ip5t/s3/a2n9y4o3th7e2r3q/ u4e0r0y7pl8e4a2s8e contact

Fax : 91-33-22E73-m6a6i1l :2response@bimabazaar.com Finance Minister of India recently declared that he is
trying hard to cover 40% to 50% of Indian population
E-mail : info@saPshhoipnueb:l0ic3a3ti-o4n0s0.7c8o4m28, 40078429 under Insurance - Life and Non-life both as existing
coverage is very low.
Website : wwFwa.xsa:sFhaipxu:b9l1ic-a3t3i-o2n2s7.c3o6m612/ 4007 8429

Portl: www.bimabazaar.com

Customer Help LineMechanical Details Indian insurers be it life or non-life have to work in
For non receipts/Oanvyerostahllesrizqeue: r2y7.p5lexa2se1.5cocnmtasc.t random in socialist way for the welfare of the
E-mail : nonreceipt@Prbinimt aarbeaaz:aa2r4.c.5omx 18.5 cms countrymen most of them are either illiterate or do
not understand the benefit of insurance.
Phone : 033-4007 83R7a8t/e2o2f1S8 u4b18s4cription
Fax : 91-33-2273 6612
Amount You By Sur-

Mechanical Details Pay Regd. prise
Oversall size : 27.5 x 21.5 cms. Post gift
Print areLSaIcTh:-e12m4e.5 x 18P1.e5Yreicoamdr s 400
400 700 ----

LIT - 3 Ra3teYeoafrsSubsc1r2i0p0tion1000 1900 ---- IRDAI should work hard to make aware Indian
population about the insurance benefits whereas it has
LIT - 5 5 YeAarms ount200Y0ou 1B60y0Reg3d1.00SurpYriesse to watch the Insurers to be honest towards the
customers since they are supposed to be the trustee of
Bulk Subscription Pay Post gift their hard earned money.

Scheme LIT - 10 coPpieersio1dYear 4000 3200 Free Yes

LIT - 1LIT - 25 co1pieYsea1rYear 540100005007500 800Free --Y--es

LIT - 3 3 YearSs ing1l,e62C0opy1,3R0s0. 325,/-200 ----
LIT - 5 5 Years 2,700 2,100 3,600 Yes

Bulk Subscription New P.M. different schemes like Jiwan Jyoti Bima, P.M.
LIT - 10Allcothpeiepsa1ymYeenatr mu5s,t4b0e0 ma4d,e32b0y DDFrefaevouringYeLsIFE Surakhsa Bima, Atal Pension Yojna etc. have to be
LIT - 25INcSoUpRieAsN1CEYTeOarDA1Y3p,5ay0a0ble10at,1K2ol5kata,FInredeia. Yes widely taken care of by the Insurers life and non-life
both in time to come.
Please do nSotinmgalkee aCnoypcyash`pa4y5m/-ent for journal/books to
IANlSl UthReAawpNneayCyshEpmaeelrTlsnnOotonDtmbrAeeuYprsertespspbaeoyennatsimbniblgaeledLafeIotFrEbKthyoIeNlDckSaaUDstahR,fpAaaINnvyCdomEiuearn.TitnOsg.DALYIFaEnd Prime Minister has launched 3 flagship schemes for
Please dTohneotcomnateknetsanoyf ctahsish pjoauyrmnaelntafreor cjoopuyrnriaglh/tbooofksLItFoE
any persINonSUrRepArNeCseEntTiOngDALYIFwEhoIsNeSpUerRmAisNsiConEisTnOeDceAsYsaraynfdor social security for all Pradhan Mantri Jeevan Jyoti Bima
we shallrenportodbuectrioenspionnwsihbollee ofor rinthpeartc.aTshhepvaieywmsenetxsp.ressed by
The concotenntrtibsutoofrs othr irsevijeowuerrnsainl thairsejoucronpayl rdiognhot t noefceLsIsFarEily Yojna, PM Suraksha Bima Yojna, and Atal Pension Yojna
INSURAreNflCecEt tThOe DopAinYionwhoof sLeIFpEerINmSiUssRioAnNCisETnOecDeAsYsaaryndfothre
reproducjotiuornnailncawnhnoolteboerhienldpraerstp.oTnshieblevifeowr tsheemxp. rAellssdeisdpubtyes
contributsourbsjeocrt toreKvoielkwatearsjuriinsdtihctiisonjoounrlyn.al do not necessarily

reflect thPeubolipshineidobnyoSfuLshIiFl EKuImNaSr UAgRaArwNaClaE, T&OPDriAntYedabnydJtahneta which is getting very good response and initial few days
journal cParnintninogt bWe ohreklsd raetspo2n5s, ibBlearfaonratshheimG. AhollshdisSpturteeest,
subject tKoolKkaotlak-a7t0a0 j0u0r7is. diction only. more than 7 crores people has registered under the
Published by Sushil Kumar Agarwala, & Printed by Janta

Printing Works at 25, Baranashi Ghosh Street, scheme. LIFE INSURANCE TODAY 3

Kolkata-700 007.

Life Insurance Today June 2015 3

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