Life Insurance for All ? Possible
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Letter sent to a few LIC Officers on 17 Dec 2016
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Dear LIC Officers,
While thanking my friend / colleague, Gurudatt for forwarding myemail to you all , I want to admit my total lack of knowledge re Life Insurance
Policies or that domain , in general
However , my today's blog below ,( sent as email to NDA
ministers / secretaries ) , might interest you since it contains my suggestion
re leveraging NDA's current initiative for DIGITAL PAYMENTS , for providing for
our millions of citizens , an opportunity to create for themselves , a POST
RETIREMENT PROVIDENT FUND , without feeling the pinch of regular
INSURANCE PREMIUM payments
Whereas , I have suggested creation of DIGITAL PROVIDENT FUND ,
you may want to suggest to Shri Modiji , an alternative in the form of a
CONTINUOUS stream of tiny DIGITAL PREMIUMS for their LIFE Policies , every time
they carry out a DIGITAL PAYMENT TRANSACTION ( @ 10 % of tax paid , as
suggested in my blog )
I suppose , you can find a way to keep updating the " SUM
ASSURED " , dynamically , with each such " deposit " , and even
flash it as a SMS on the mobile of the person making a DIGITAL PAYMENT
You could offer an ANNUITY option to the user and call it
DIGITAL LIFE !
Not only , such a modification of my original suggestion , bring
Life Insurance Policy benefits to 800 million citizens , it will also bring
about a revolution in the area of SOCIAL SECURITY, of a kind no other country
in the world boasts !
If there are any questions , feel free to write / phone
Warm Regards,
Hemen Parekh / Mumbai / hcp@RecruitGuru.com
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