Published in Mint on 17th Feb 2015, Written by Abhishek Bondia I suffered a fire-related accident at home and was hospitalized. I have two insurance policies. How can I claim from these companies as the hospital said it will provide only one discharge form? —Karen D’Silva Most medical insurance policies are indemnity policies. You are […]
Articles Tagged: individual insurance
Larger family floater Policy better than individual top-up plans
Published in Mint on 7 April 2015, Written by Abhishek Bondia If I take a family floater policy of Rs.20 lakh. How will it be divided among family members? What combination will be suitable—a family floater or individual covers along with top-ups? What should be the term for it? —Ajit A family floater policy is […]
If a private car is given for commercial use, claim during that period is inadmissible
Published in Mint on 5th February 2018. Written by Abhishek Bondia. I had lent my car to a friend for election campaigning. However, my friend told me that the car got stolen and he has not lodged a police complaint. Can I file my claim in the normal course? The car was most likely lost […]
Maternity benefits in Group Health Insurance
One of the features that young employees value is maternity benefits in group health insurance. This post explores what makes this feature so appealing to employees. Maternity benefits available in a Group Health Insurance Policy : A group health insurance plan typically provides the following maternity benefits to the insured : 1. Maternity sum assured […]
Who is the policyholder in group mediclaim insurance policy?
Group mediclaim insurance policies or group health insurance plans are the health insurance covers provided to all the eligible members of a group. A group can be an organization, company, or employer. Generally, employers or organizations offer health insurance benefits to their eligible employees or members. And to their dependent family members in order to […]
Group and Individual Health Insurance — Chief Differences
With the increase in the occurrence of critical illnesses all around us, you need a shield in the form of health insurance for medical emergencies. However, insurance companies in India offer several products and it can be confusing to choose the best one for you. Of the many choices in health insurance, two are individual […]
New rules give insurance web aggregators a boost
Published in Mint, on 10th May 2017 Insurance Regulatory and Development Authority of India (Irdai), in a gazette notification dated 13 April, laid down the rules for insurance web aggregators: Irdai (Insurance Web Aggregators) Regulations, 2017. According to the aggregators we spoke to, these regulations do not cause any major disruption, as they mainly aim […]
Distribution reforms to increase insurance penetration in India
Distribution reforms to increase insurance penetration in India
Religare sells stake in its health insurance business
Published in Mint, on 13th April 2017 Religare Enterprises Ltd, on 9 April announced the sale of its 80% stake in Religare Health Insurance Co. Ltd (a standalone health insurance company), to a consortium of investors led by True North, a private equity firm. Religare will get about Rs1,040 crore for the deal and the […]
SecureNow makes the shortlist for the Claims Awards Asia-Pacific 2017 – the only Insurance Broker from India to make the list
SecureNow was shortlisted for the Claims Awards Asia-Pacific 2017 on Monday, September 11, 2017. SecureNow, top insurance company in India, was nominated in the Claims Innovation of the Year award for having taken technology driven initiatives in this sphere which have simplified processes. It is the only Insurance Broker from India to have made the […]