Human capital is integral to the valuation of any business, a company invests substantially to groom its employees. Keyman insurance plan is growing in importance due to the talent crunch and the need for specific skill sets to continue business innovation and sustenance. Often, small and medium-sized companies depend on very few talented and competent […]
Articles Tagged: keyman insurance
Importance of a Keyman insurance cover
Keyman insurance or key person insurance is a type of insurance that enables the protection of businesses from facing extreme losses due to the eventuality; or permanent disablement of an individual; who plays a critical role in the company. Many of small and medium-sized companies typically depend on a small, competent, and passionate team and […]
Insurance premiums, including top-ups, get income tax deduction
Published in Mint on Jan 05 2017, Written by Abhishek Bondia I have a 10-year unit-linked insurance plan (Ulip) with an annual premium of Rs30,000. I have received a performance bonus that I want to invest in the same Ulip as a top-up. Will I get a tax deduction benefit on this also under section 80C […]
Are you looking to minimise the risk of losing the key person in your organization?
Just like the breadwinner in a family is considered to be the key to its survival, certain people in an organization contribute significantly towards its growth and sustainability. These people are so important to the employer that losing them could leave the company unstable and in long-term debt for a considerable period. There is always […]
Claim Settlement Ratio Of Life Insurers
The claim settlement ratio is an objective yardstick to select a reliable insurer. Especially for term life insurance buyers, the death claim settlement record of the insurer is critical to measure. The purpose of insurance gets defeated if the claim is not honored. It pinches more when beneficiaries are reliant on the insurance proceeds. In […]
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 […]
Sum assured of riders and extent of cover tends to be less than in standalone policies
Published in Mint on 8th April 2018. Written by Abhishek Bondia. Should I buy a term plan with riders, or should I buy all the insurance separately? Buying a combined product is convenient. If I take different covers, it means more work. —Rahul Sethi A life insurance policy offers several riders such as critical illness, […]