Why protect house property and contents? There is no place like Home, it’s our most valued possession and our heaven on earth. Few things in life matter as much to us, as our home does. After all, it’s the heart of our family, our possessions, our priceless investment, and our memories. From a long-term perspective, […]
Articles Tagged: Home Insurance
Deductible and its application are key to top-up health plans
Published in Mint on Apr 26 2016, Written by Abhishek Bondia My family and parents are covered by a general insurance policy by my employer. I want to buy a top-up health insurance plan. Shall I take it from the same insurer as my employer’s? Explain what top-up plans are. —Avijit Acharya Top-up plans are […]
Typical home insurance policy does not cover cost of land
Published in Mint on March 29 2016, Written by Abhishek Bondia Is health insurance valid when one is on foreign travel? I’m taking my grandparents on holiday across Europe in another three months. They are medically covered. If something happens when we are abroad, what is the process of facilitating medical insurance? —Akshara Purakayastha A […]
Nature of commercial activity decides risk value
Published in Mint on 16th Sept 2014, Written by Abhishek Bondia I have read that with regards to home insurance, the claim can get rejected if there are commercial activities happening in the premise. Does this mean that if I offer tuition in my house, my claim can get rejected? —Sanjay The type of activity […]
A newborn isn’t automatically covered under maternity policy
Published in Mint on 25th Nov 2014, Written by Abhishek Bondia Are newborns covered under maternity policies? What all does the insurer pay for in such policies and what are the exclusions? —Methali Most individual medical insurance plans have a minimum enrolment age of 91 days. So, newborns are not automatically covered. However, most individual […]
Duration of travel insurance policy can be extended
Published in Mint on 20th Jan 2015, Written by Abhishek Bondia Why should my place of residence affect the premium amount of my motor vehicle insurance? —Karthika Several insurers now charge different rates for various cities as road quality and driving behaviour vary by city. If you see underwriting practices in developed countries, the pricing […]
Public liability policy gets triggered only after insured person gets a legal notice
Published in Mint on 4th June 2018. Written by Abhishek Bondia. I live on the third floor of a DDA flat in New Delhi. Recently one of the pots that I keep on my terrace fell down on the second floor. Though no one was hurt, my neighbor on the second floor is alleging that […]
Insurance gets a new distribution avenue
Published in Mint on Oct 28 2015 To increase the distribution footprint of the insurance industry, the Insurance Regulatory and Development Authority of India (Irdai) has allowed a new type of distributor, called the point of sale (PoS) person. According to Irdai, this step is a part of its developmental agenda and it hopes that […]
Putting the spotlight on home insurance
Published in Mint on 1 July 2015, Written by Kapil Mehta A friend owns a house in South Delhi where she has regularly paid insurance charges to the maintenance agency. Last year her home was gutted by a fire. The insurance claim of Rs.20 lakh was denied on two counts: the insurance had been bought […]
Moving abroad? Settle money matters first
Published in Mint on Apr 30 2015 Nitya Narayanan, a Thrissur-based 30-year-old school teacher, is planning to move to Saudi Arabia in June this year, with her four-month-old son and five-year-old daughter to join her husband there. Though she is looking forward to the move, she is worried about winding up things here. “Apart from […]