Published in Mint on Dec 01 2016, Written by Abhishek Bondia There are different protocols to claim for treatment overseas. Some insurers require cashless payment, whereas others prefer reimbursement. Is it possible to get coverage for treatment outside India under a health insurance plan? —Kavita Lahiri Medical insurance plans issued by Indian insurers cover treatment […]
Articles Tagged: general insurance
Individual life insurance is relatively more economical than joint life plans
Published in Mint on Nov 25, 2016, Written by Abhishek Bondia I want to extend my life insurance coverage to include my wife. Should I go for it or would it just be better to get another plan instead? —Atul Shandilya Yes, you should get a separate plan for your wife. There are limited options […]
Are you a good insurance customer?
Published in Mint on Nov 03 2016, Written by Kapil Mehta Buying insurance is an intense process. You share intimate details on your health and income, subjecting yourself to scrutiny from insurers. When things go wrong in this process, the instinctive reaction is to blame the insurer or the salesperson. But customers are also at […]
5 Benefits of Buying General Insurance Online
How do you decide which insurer to go for when buying a general insurance policy? How do you decide which plan suits your needs best? Can you ensure that you have understood everything about the policy and process? Will your claim be quickly processed when you need it most? All these are questions which keep […]
What are the different types of General Insurance Policies?
Conceptually and legally, Insurance is of two types – life and general insurance. Any insurance policy insuring anything other than risk to a person’s life is a ‘general insurance’ or ‘non-life insurance policy.’ General insurance policies will insure anything other than the life of an individual. For example: Depending on what (the asset which is […]
The need to build deeper insurance distribution landscape
Published in Mint on 14 October 2015, Written by Kapil Mehta Last weekend, I was in Varanasi for a short break. Sailing down the Ganges by the ghats we were transported into a different world. The cycle of birth, life and death were vividly portrayed in a half-hour boat ride. I find it hard, however, […]
Borrower’s insurance is not mandatory. IRDAI does not require you to buy any insurance for loan purposes
Published in Mint on Sep 06 2016, Written by Abhishek Bondia What is covered in borrower’s insurance? I have read that it should cover accidents, critical illness, death and loss of job.What are the Insurance Regulatory and Development Authority of India (IRDAI) norms for this? If a bank grants home loan to a salaried person, […]
Taking the trick and trap out of insurance
Published in Mint on Sep 16 2015 Mint Money has always advised you to avoid traditional insurance policies that double up as investment products. This is primarily because of three reasons: high costs, opaque structures and poor investment returns from these policies. But if recommendations of the Sumit Bose committee are implemented, most of these […]
Why your domestic help must have insurance
Published in Mint on Sep 07 2016, Written by Kapil Mehta The building, in Delhi, where I stay has 11 residents with 15 supporting domestic staff consisting of full-time maids, drivers and security guards. Since there are about 400 homes in my locality this means our small colony alone has over 5,000 domestic staff. They […]
At higher ages, one should opt for high sum assured amounts
Published in Mint on Sep 06 2016, Written by Abhishek Bondia I am 50 years old. I want to buy a suitable mediclaim policy. Please advise. —Surendra Khemka You could refer to the Mint SecureNow Mediclaim Ratings (www.livemint.com/mediratings) for a suitable plan as per your age. The rating is a comprehensive evaluation that considers factors […]