ic (why) ci

A company sells 2 products - A (costing 1,000 bucks) and B (costing 10,000 bucks); both at the same profit margin.
Now any economic book would tell you that it's all about the volume and numbers. The company sells A in much larger numbers as compared to the product.

But there is one market which defies all the rules of economics, comes up with its own chutzpah and makes the economists eat their words. India i.e.

The company being discussed is ICICI Lombard and the products: A - 2 wheeler insurance, B - 4 wheeler insurance.
The number of passenger cars sold in India in FY'06 was 2.4 lakh. Well, Hero Honda alone sold that much bikes in the month of August'06 :-O
Yet, almost all the 4 wheeler owners get their vehicle insured and a minuscule percentage of 2 wheeler owner theirs'.
Which directly means that companies like ICICI Lombard are not getting the expected revenue from the later.
Which indirectly means bad service and almost nil enthusiasm among the agents for pushing 2 wheeler insurance (These people are ready to collect the cheque for 4 wheeler insurance from your choice of place/time but wouldn't except cash for 2 wheelers' at their office)

And this isn't the lone case. If asked about ICICI bank, I could go on and on...

So much for the reforms, privatisation, demand and supply shaping the economy.
(My local govt owned insurance agent would blatantly demand for a Rs.50 note but at least get the job done)

p.s. wrote a 'disgusting' mail to all the icicilombard.com mail ids i could gather (including that of the operation head, mkting head, and other damn heads..suckers.. :P

Week(ends) with days


15 hrs at office followed by a DP with ol'college friends and you know that the weekend has arrived.

And before you realize it, you are supposed to go to n different places, eat all kinds of stuff and drink at the host's mercy.
And compare that to a normal weekday: home-to-office and office-to-home is all that you are supposed to do. All you get to eat is the ghissa - pitta food served by the cafeteria and drink what !!!!!!

Life couldn't have been any more strikingly different.

Good Will Hunting

At the mall the other day, hanging out with buddies (er..correction...colleagues), as we headed to a nearby restaurant to grab a bite, I saw an elderly couple walking out from the place. Now call me old-fashioned, but I really like (don't know the reason why, though!) to see old people having a nice time at the mall (which is o/w supposed to be a youngster's haven). Anyways, being the gentleman that I generally am, I pulled the door and held it open as the two walked out. But just then, to my utter disgust, a colleague of mine, who seemed as if he had'nt eaten anything in months or had a really bad case of diarrhoea, rushed through the door, literally pushing the couple out of the way, and almost stepping on to the poor lady, just to flash an ostentatious grin and a 'thanks, yaar' at me.
I don't know why I felt sooo bad at all this. But at that moment, if I could, I would have really landed a blow on the ass' s face, probably even asked him to apologise. But then again, the years of training that have been spent in learning to control onself and not making a scene held their own, and I spent the lunch sulking away instead.
I mean, what's with most of the people and some basic manners, that they can't seem to get along? Are we too brash or uncivilised a society, that showing even a lil bit of politeness seems too hard? Or maybe too worthless...
Hard to say.