Yes, and banks are losing a major chunk of business coming from insurance because of MLMs. I have heard that banks ask insurance companies huge amounts to introduce insurance products thru the bancassurance channel .... now they have lost the advantage and cannot ask for upfront charges from insurance companies for this reason. Meanwhile, MLMs are good way of promoting insurance keeping infrastructure costs low and therefore it is good for insurance companies as well as the consumer in the long run. We Indians do not understand how important it is to teach others to make money. People speak about the failure ratio of MLMs being high, but we need to step back and see how high is the failure ratio of other businesses and small industries. people do not accept it because they will look like fools if they do accept their failure in other ventures.... think