Published in Cafemutual on 4th February, 2017 PSU non-life insurers are incurring hefty losses while their private counterparts are minting money in the health insurance segment if the IRDAI’s annual report is anything to go. The annual report shows that the net incurred claims ratio (ICR) of the public sector non-life insurers stood at 115% […]
Articles Tagged: health insurance
The lady with Parkinson’s
Published in Mint on Feb 06 2017, Written by Kapil Mehta A few days ago, as I walked from office to the local market for lunch, an elderly lady standing on the roadside started speaking to me. I assumed she was asking for money and quickened my pace. Fortunately, my sixth sense made me turn […]
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 […]
The strength of our insurances
Published in Mint on Jan 09 2017, Written by Kapil Mehta There is a crack in everything. That’s how the light gets in.” I read these beautiful lines by song writer Leonard Cohen, after he died last year. If you are wondering why poetry has found its way into a column on insurance, it’s because […]
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 […]
New terminal illness-based term plan on the block
Published in Mint on Dec 14 2016. Online term insurance policies are seeing a lot of innovation. Apart from breaking the sum assured into periodic payments for a beneficiary upon the death of the policyholder, IDBI Federal Life Insurance Co. Ltd’s iSurance Flexi Term Insurance Plan also offers to pay a portion of the sum […]
Conflicts of interest hurt the business of insurance
Published in Mint on 6 December 2015, Written by Kapil Mehta Businesses deal with conflicts of interest routinely. Most such conflicts are harmless. The worst outcome of a pushy, incentive-driven salesperson is that like P.G. Wodehouse’s Bertie Wooster you, too, may end up with horrible purple socks never to be worn. In some cases, though, […]
Discard these insurance plans
Published in Mint on Dec 05 2016, Written by Kapil Mehta Insurances can become irrelevant because of product improvements, lower current cost, change in laws or even lack of expected change in laws. Friends often send me their insurance portfolios to review. As I browse through the dusty files there are many insurances that are […]
Some insurers can only cover overseas treatment for critical illnesses
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 […]
What is the meaning of The Health Insurance Policy?
The health insurance policy gives you coverage against hefty medical expenses that may arise due to sickness and accidental injury. In most cases, health insurance to people in the age group of 5 to 80 years. In some cases, children under five years are covered if their parents are also covered. Health insurance is a […]