Published in Mint on Nov 10 2016, Written by Abhishek Bondia I and four of my friends have got together to start a business. We have hired 15 more employees. I have read somewhere that a company should buy ‘keyman’ insurance. Can you please explain what this it and what are its benefits for a […]
Articles Tagged: life insurance policies
Cap on exit penalties for traditional plans
Published in Mint on 9th October, 2017. High exit penalties on Ulips added to insurance companies’ profits, till they were capped. However, they still exist for traditional insurance plans. We asks the experts if exit loads on traditional plans too need to be capped. Sanket Kawatkar, principal and consulting actuary, life insurance (India), Milliman India […]
If the insurer does not resolve your issue, you should approach Irdai’s grievance cell
Published in Mint on 31st July 2017. Written by Abhishek Bondia I have been mis-sold a money-back plan by a private insurance company’s relationship manager. They lied about the sum assured and maturity value as well as the periodic money back. They had given a benefit illustration at the time of purchasing the plan, which […]