We are what we are!
I find to my amusement that Insurance premium payments for TP cover has gone up several folds this fiscal year.Even though every other sector incl. gold jewellery business is facing down turn with a long face, our insurance cos are laughing their way to the bank. How this has happened?Only because some body chose to bring in stringent penalties for breaking rules under Motor Vehicles Act and the police has also chosen to implement them strictly.
This hideous combination has boosted the fortunes of a financial services sector i.e insurance with bulging cash inflows.So people do not have money to buy gold, gadgets etc. since they have compulsorily paid the TP premium!!
If somebody gives you gyan that our economy is sputtering, tell them in their face that people are now paying their insurance TP premium and so they are left with no disposable income to buy other things. The other funny thing about this is, people with their chaltha hai attitude have been shaken out of this mindset to fall in line and cough up TP Premium.This pinches their pockets. But for strict implementation come what may by Traffic police, we would have continued to say "You collect from x, y, z before asking me to pay my TP premium"!!!
I find to my amusement that Insurance premium payments for TP cover has gone up several folds this fiscal year.Even though every other sector incl. gold jewellery business is facing down turn with a long face, our insurance cos are laughing their way to the bank. How this has happened?Only because some body chose to bring in stringent penalties for breaking rules under Motor Vehicles Act and the police has also chosen to implement them strictly.
This hideous combination has boosted the fortunes of a financial services sector i.e insurance with bulging cash inflows.So people do not have money to buy gold, gadgets etc. since they have compulsorily paid the TP premium!!
If somebody gives you gyan that our economy is sputtering, tell them in their face that people are now paying their insurance TP premium and so they are left with no disposable income to buy other things. The other funny thing about this is, people with their chaltha hai attitude have been shaken out of this mindset to fall in line and cough up TP Premium.This pinches their pockets. But for strict implementation come what may by Traffic police, we would have continued to say "You collect from x, y, z before asking me to pay my TP premium"!!!
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