In India, the smart homes revolution is reshaping the way we live. Many millennial and Gen Z homebuyers prefer smart homes equipped with sophisticated security systems, automated lighting, AI systems, smart appliances, and more. With the adoption of cutting-edge technologies in every space of life, smart homes seem to be an efficient and convenient choice […]
Articles Tagged: insurance policy
How to Compare Two-Wheeler Insurance Policies Online?
When comparing two-wheeler insurance policies online, the goal isn’t just limited to finding the one with the cheapest premium but a lot more. You want bike insurance that ensures you are protected in a comprehensive manner in case of theft, accidents, or other uncertainties. And that’s when finding the best bike insurance becomes essential. However, […]
How Insurance Works for Natural Disasters: Are You Covered?
Over the years, India has become prone to constant attacks from nature. All witnessed how the year 2024 brought a series of devastating natural disasters. Around 51 cloudburst and flash flood incidents were reported in Himachal Pradesh between June and August. Similarly, the Vijayawada floods affected over 270,000 lives between August and September. Numerous such […]
How Seasonal Businesses Can Bundle Insurance Policies to Save Costs?
As the festival of lights, Diwali approaches, the entire country is lit up with vibrant colours, bustling markets, and a surge of seasonal businesses catering to the festive crowd. From online to offline, there is a festive vibe everywhere. From the large shops offering huge discounts and exciting offers to small stalls selling festive decors […]
Is it Mandatory to Take Property Insurance For Home loan?
Yes, property insurance is often a requirement when buying a home loans or mortgage. When you borrow money from a financial institution, such as a bank or mortgage lender, to purchase a property, they want to ensure that their investment is protected. Lenders or banks require borrowers to have home insurance policy or house insurance […]
Difference Between Insurance Policy and Consequential Loss Policy
Let us consider the example. The fire accident has the potential to not only protect the goods and machinery but also impact the projects that are ongoing and are in the pipeline of the industry. The general fire insurance policy like Standard Fire and Special Perils policy covers fire and allied perils but not the […]
Life insurance policy can be held in demat or hard copy format
Published in Mint on May 03 2016, Written by Abhishek Bondia Can a policy holder have a life cover in both electronic and paper form? —Geetesh Handa You can choose to keep your policy either in de-materialised (demat) or hard copy form, but not in both. But you can opt to keep some policies in […]
Ask Mint Money | It’s not a good idea to split life insurance with multiple insurers
Published in Mint on, Aug 01 2012, Written by Kapil Mehta I am 32 years old and unmarried. However, my 63-year-old mother is dependant on me. I want to take a life cover so that if something happens to me, at least she is monetarily safe. Currenlty, what are the options available? —Neel Purchase a […]
Some benefits of the annual end of season insurance sale
Published in Mint on April 17 2017, Written by Kapil Mehta I am so glad March is over. It is the busiest month for insurance. In personal lines, particularly life and health insurance, people are in a rush to buy before 31 March, to qualify for tax exemptions. There is no business I have seen […]
Your returns can be hit if insurers overspend
Published in livemint on 24 Jul 2019. The Insurance Regulatory and Development Authority of India (Irdai) recently issued an order against Reliance Nippon Life Insurance Co. Ltd for exceeding expenses of management (EoM) beyond the permissible limits. It was found that the insurer’s actual EoM for FY15-16 were ₹1,632.24 crore against the limit of ₹1,069.20 crore. […]