‘Tax savings pitch of insurance agents and companies may not work’

Glad to read updates from cafemutual that enables advisors on focusing appropriately.

First of all letting go of a the exemptions doesn't simplify the tax structure and at the same time only and only if you have a universal social security plan for all your citizens you can bring such a drastic change and take our economy from saving to spending. Well unfortunately we don't have any such facility from the government so this is ridiculous. Also when you say tax saving pitch of insurance agents is silly because first of all this is never insurance agent's pitch and second of all of the government has given a tax benefit on the product how are agents wrong in pointing out the same? The same way ELSS is also pitched than why are mutual funds agents genuine? Please stop demeaning distributor community whether insurance or mutual funds. We have done a commendable job in bringing people to these products which has benefitted not only them but the companies so economy as well( now a days only companies making profits are considered as good economy). We are the ones who are being used and thrown by the same companies we have given our precious time in years to.

She on everyone who demeans what we are doing has always been benefitting everyone but we are still demeaned

Buying insurance to save taxes has not been the foremost pitch by professional advisors and hence the new proposed tax structure is not in any way going to harm the insurance business. But if companies have used this as a sales pitch then their agents will feel the pinch!!