Future Champs or Future Chimps?

by Vinaya HS on April 5, 2011

in Finance

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I happened to see an ad for Bharti AXA Life’s Future Champs life insurance policy in a recent issue of a personal finance magazine and couldn’t help wonder that if by purchasing this policy you’d more likely turn out to be a “future chimp” rather than a “future champ.”

I’ll let my analysis — which you can download here — do the talking.

It’s quite evident who’s becoming rich here — maybe the “future champ” wasn’t really meant to refer to you to begin with.

What do you think?




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{ 2 comments… read them below or add one }

Anoop April 10, 2011 at 4:10 PM

I have a question, what is non-guaranteed payback? Does it mean that the interest rate fixed might vary? or is it that they simply pocket those money?- I see 2 figures here 6% and 10%..

Vinaya H S April 11, 2011 at 9:54 AM

@Anoop:

It means that the rate of return can vary. That’s why it’s not guaranteed.

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