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Well Heeled!

May 30, 2013 Leave a comment

wealthymatters

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weathymatters Ever since IPL match fixing made it to the news,many googlers have reached my blog by searching for Gurunath Meiyappan and/or Rupa Gurunath. So here is some background information about them for the curious:

42-year-old Gurunath Meiyappan comes from the AVM family, which manages AVM Studios-one of the oldest surviving studios in the country. His father, AVM Balasubramanian, is an honorary consul for Paraguay and an ex-president of the Southern India Chamber of Commerce and Industry.His mother, Lalitha, is an avid golfer and has represented India in the sport in international events. Gurunath Meiyappan’s grandfather was AV Meiyappan, the founder of AVM Productions. Gurunath has a bachelors degree in commerce from Chennai’s Loyola College.He is the managing director AVM Productions and Entertainment.He is also the team principal of the IPL team Chennai Super Kings and son-in-law of BCCI president N Srinivasan,V.C. of India Cements. Gurunath is an introvert who is known to talk to only those with whom he is comfortable with. Read more of this post

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History of Life Insurance In India

May 23, 2013 2 Comments

wealthymatters Indians have been a prudent lot for millenia and risk mitigation has taxed the Indian mind from ancient times. The works of Manu ( Manusmrithi ), Yagnavalkya (Dharmasastra ) and Kautilya ( Arthasastra ) talk about the pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. This is a pre-cursor to modern day insurance which is based on the law of large numbers and pooling of risk.

Life insurance in modern India evolved by drawing heavily from developments in other countries,especially England.

In 1818 the Oriental Life Insurance Company was established by Europeans in Calcutta. However,the company was short-lived and by 1834 the company had failed.Then in 1829, the Madras Equitable begun transacting life insurance business in the Madras Presidency. Read more of this post

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Road To Riches

May 18, 2013 1 Comment

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IC-33 Exam of the IRDA

May 16, 2013 Leave a comment

Insurance products as an asset class have always attracted me.This is because I am always on the lookout for investments where the downside risk is nil or minimum and the upside gain is disproportionally higher i.e a sensible asymmetric risk return scenario.I wrote about such investments in this post:Link.

Now insurance products will never give you the returns you can get from businesses, but on the other hand,not all insurance products are such losers as many financial planners,mutual fund agents and stock brokers claim.As far as returns from retail investment products go,returns from good insurance products are at the upper end of the spectrum.

Insurance products have a mixture of financial calculations and legal implications,just like options writing, which makes them interesting.So you can use them creatively to build wealth without unduly increasing risk.And meanwhile you can enjoy free insurance covers.Nothing like free options to make a bargain minded person ecstatic! Read more of this post