Growth of Insurance Sector in India has been phenomenal and sector is booming right now. There are 58 total insurance companies in the market which includes 34 non-life insurance providers. There are 25 general insurance companies, 7 standalone health insurance companies, and 2 specialised insurance providers. They have been growing at different rates over the […]
Articles Tagged: Car Insurance
Insurance sold by car dealers can be costly
Published in Mint, on 21st Feb 2017 If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the policy with the deal. But the policy from the dealer can be expensive and you may get a […]
No claim bonus can be availed up to 90 days after insurance policy lapses
Published in Mint on Jan 12 2017, Written by Abhishek Bondia I own a car that is 6 years old. I have been diligent with properly insuring it every year and have never taken any claim. Its renewal is due in January. However, I have been with my son in the US since November last […]
Buy a health cover with entry level sum assured for planned checkups
Published in Mint on Dec 27 2016, Written by Abhishek Bondia The area that I live in has a few hospitals but none of them are empanelled by the Central Government Health Scheme (CGHS). I am a central government employee. Will it be better for me to buy a health insurance policy? —Renu Tandon For […]
When fine print stumps your policy claim
Published in Mint on Aug 16 2016 Most people buy insurance in three quick steps: give the agent a quick listen, sign off on the paper and store the policy away. Yes, insurance legalese makes for laboured reading, but ignorance is even more painful. You need to know your policy—the exclusions at the very least—to […]
Loss of car keys a reason for denial of burglary claim
Published in Mint on, Mar 12 2013, Written by Kapil Mehta I purchased my car two years ago. My insurance policy lapsed a month ago. However, the insurance company is not allowing me to renew the policy as there is a dent on the car. I had not claimed for the damage. Can the insurance […]
Policies do not cover all the treatments done at hospitals
Published in Mint on 5th Aug 2014, Written by Abhishek Bondia Does a mediclaim cover any treatment done at a hospital? Or, are there some that are not covered? —Binu Ved Health policies are meant to cover treatments done at hospitals. However, all treatments done at hospitals are not automatically covered. Generally, those that are […]
No-claim bonus is linked to the owner and not the vehicle
Published in Mint on 9th Dec 2014, Written by Abhishek Bondia I plan to buy a second hand car and the owner has not renewed the car insurance. When I buy the car, should I take a new insurance plan or continue with the existing one? —Kavitha You should buy a new car insurance policy. […]
No-claim bonus is not applicable to third-party liability premium or add-on coverage
Published in Mint on 18th March 2018. Written by Abhishek Bondia. I have just bought a car, in which the dealer offered free insurance as a benefit. When I saw the insurance later, I saw that it had a few add-ons that are useful but that I may not want to buy when I renew […]
Car vandalized after being stolen will be covered under ‘own’ damage insurance
Published in Mint on May 01, 2017, Written by Abhishek Bondia Recently my car was stolen while it was parked outside the house. While the police were able to locate it about 10 km from where I stay, the car had been smashed against a tree and was badly damaged. Will this damage be covered […]