Banks and 3rd-Party Products — The RM Paradox
In the world of banking, your “Relationship Manager” is often a salesperson in an advisor’s clothing. They are incentivized to sell you what pays the bank the most, not what protects you the best.
- The Commission Gap: Why banks push high-commission “Endowment Plans” over the low-commission Term Insurance you actually need.
- The “Mandatory” Lie: How to respond when an RM claims a life insurance policy is “compulsory” for a locker or a loan.
- Redressal Levels: From the Nodal Officer to SEBI SCORES—knowing exactly where to complain if you’ve been mis-sold a product.
Watch this video to learn the “3-Question BS Detector” that will make any aggressive salesperson walk away.