Published in Mint on 3rd December,2014, Written by Kapil Mehta Last week, a columnist for this paper wrote about “One tight slap”. Her contention was that no provocation could justify slapping a child. I couldn’t help chuckle when I read the phrase. While most of us are peace loving folks, there are situations when we […]
Articles Tagged: Insurance
Ethical Dilemmas in Insurance
Published by the Financial Planning Standards Board India in their April-May 2013 issue Sophie’s Choice, an award winning movie produced in 1982, beautifully portrays the difficulties and dilemmas in certain decisions. Sophie and her two children are imprisoned in a Nazi war camp. Sophie is told that one of her children can live and the […]
Distribution reforms to increase insurance penetration in India
Distribution reforms to increase insurance penetration in India
Insurers usually check for insurable interest at time of claim, not when issuing a policy
Published in Mint on 8th October,2017. Written by Abhishek Bondia. I have rented some white goods for a temporary stay in Delhi for 2 years. Is it a wise idea to get insurance for these goods, or will the renting agent do so? —Shishir Gupta To buy insurance, you must have an insurable interest. This […]
Welcome steps towards protection of insurance buyers
Published in Mint on 5th Jan, 2015, Written by Kapil Mehta The insurance regulation on protection of policyholder’s interests is the industry’s equivalent of the Ten Commandments, a set of principles that insurers must abide by. The original regulation issued in 2002 remains in force even today. Much has happened over the past 13 years […]
Mediclaim premium paid in cash not tax exempt
Published in Mint on 4th March 2014, Written By Kapil Mehta Is it required to get third-party pet insurance? I have a German shepherd. —Deeptiman Third-party pet insurance is not mandatory. A few insurers cover third-party pet liability as an extension to basic pet insurance. However, I don’t find the extension useful because liability is […]
Standalone plans are available at prices similar to riders
Published in Mint on May 20 2014, Written by Kapil Mehta While buying a money-back policy, agents usually give a benefit illustration. How genuine are these? —Kamini Ghoshal When I hand a Rs.500 note to a shopkeeper, she invariably peers at it suspiciously. If she finds the right ink marks, holograms and dates, I get […]
Are life insurers equipped to sell indemnity health plans?
Published in Livemint. Last week, the Insurance Regulatory and Development Authority of India (Irdai) formed a committee to look into the feasibility of allowing life insurers to sell indemnity health plans. The payout from these plans is limited to the expenses incurred up to a predetermined sum insured. Irdai had first allowed them to sell […]
Face-off in insurance distribution
Published in Mint, Written by Kapil Mehta The business world is replete with ferocious two-sided battles—iOS versus Android, Linux versus Windows, Big versus Small retail, budget versus full-service airlines, and so on. These battles are fought globally and across industries, but have two things in common: at stake is the fundamental principle of how much […]
Buy different products for protection and retirement needs
Published in Mint on May 06 2014, Written by Kapil Mehta I am 37 years old old and I want to buy a term insurance plan. At the same time, I want to secure my post-retirement life. My take-home salary is not more than Rs. 24,000 per month. Which term plan would be best for me […]