Dear Editor

It was in the late 80’s, a Graduate Engineer Trainee at Eicher Motors, I was waiting patiently for my salary of  Rs2,000 to be credited. Soon upon receiving it, I had rushed to make a ‘trunk call’ to share the joyous news with my parents...However, like every other concerned parent, they also advised me to invest the amount in a life insurance policy. One salary every year towards insurance savings for the long term! An advice, which I followed for the 20 years to come—A wise call, both from taxation and returns perspectives. The early 90’s witnessed the IPO boom, and share application forms were available in newspaper stands, and everyone from the paperwala to the relatively less privileged employees in our company were distributing free advice. Also fuelled by movies that portrayed rapid wealth creation by smart playing at the stock market, I joined...