Nobody wants to get into an accident, but it’s an unfortunate reality for a lot of people each year. While you can’t plan for the where and when; you can make sure you’re prepared if you ever find yourself involved in an accident. See 10 Reasons To Buy Personal Accident Insurance. When a car wreck […]
Articles Tagged: health insurance
IRDAI bows before the Delhi High Court
Published in Mint on 21st March 2018. After being chided by the Delhi High Court for turning a blind eye to how insurance companies are misusing the exclusion clause of genetic disorders in health insurance policies, the Insurance Regulatory and Developing Authority of India (Irdai) has asked insurance companies to remove genetic disorders from the […]
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 […]
Impossible to say which is the best insurer in India
Published in Mint on 21th February, 2018. Written by Kapil Mehta I am often asked who the ‘best’ insurers are? I try to dodge that question because the answer requires a detailed analysis of what one is looking for. When Alice in Lewis Carroll’s stories asks which way she should go, the Cheshire Cat wisely […]
Your friends cannot be the beneficial nominees of a life insurance policy
Published in Mint on 12th February, 2018. Written by Abhishek Bondia I am single and have no dependents. Can I buy an insurance policy and make my friend a beneficiary? I have taken some loan from him, which I am repaying regularly. —Rohit Bhatia Yes, it is possible to make a friend a nominee in […]
Budget 2018: Rs5 lakh Modicare for the poor
Published in Mint on 2nd February, 2018. The budget 2018 focussed on senior citizens and people from the lower-income group. While increasing the tax deduction should encourage individuals to buy more health insurance, the flagship National Health Protection Scheme that the budget 2018 announced will cover over 10 crore poor and vulnerable families or about […]
Buy health insurance early, get price benefit
Published in Mint on Jan 27 2016 The Insurance Regulatory and Development Authority of India (Irdai) released a draft exposure on health insurance regulations on 19 January 2016, seeking to make minor changes to the existing health insurance regulations of 2013. The draft is a result of the recommendations of the insurance committee that was […]
Protection decision comes before investment decision
Published in Mint on Jan 02 2016 Money conversations usually start and end with where to invest. But did you know that before the investment decision comes the protection decision. Reason is simple. You create assets out of current income and savings. If some harm were to come to those assets, you will have to […]
Insurance: health over life
Published in Mint on Oct 18 2015 One of the joys of being a senior citizen is that your working days are behind you. This also means having working children and financial assets that make buying a life insurance policy unnecessary. However, what you need to consider seriously is a health insurance policy. Hospital bills […]
Tardy complaint handling and service hurts insurers
Published in Mint on 2 September 2015, Written by Kapil Mehta Last week, The New Yorker released a curated edition of its best cartoons over the past 90 years. My favourite is of two cavemen who have obviously just made a sacrificial offering. One of them looks quizzically at the other and says, “I don’t […]