Published in livemint on 22 Jun 2019. Even as overall inflation continues to remain below 4%, the price rise in healthcare has seen doubledigit growth. While you can’t control the cost of healthcare, here’s the good news: You can insure yourself against illness and protect your savings from depleting by spending on a medical emergency. But before […]
Articles Tagged: Life Insurance
Insurance for all reasons
Published in hindustantimes on Jun 25, 2019. The purpose of an insurance cover is to protect you financially against unforeseen events. Here’s a look at insurance covers other than health and life which can come handy. Most of you may be familiar with health insurance and life insurance policies. But did you know you can get insurance cover […]
Insurance in India – An Infant finds its Legs
Published in IBEF on 2nd March,2014, Written by Kapil Mehta Insurance in India is one of the last untapped bastions of financial services anywhere in the world. There is an attractive window of opportunity for companies to enter this market now to build their businesses. The market is large, over US$ 30 billion of new […]
Claim can be rejected if you don’t disclose health condition
Published in Mint on Nov 19 2013, Written by Kapil Mehta I have a unit-linked insurance plan (Ulip) from a private life insurer for which the annual premium is Rs.25,000. Till now I have made three annual payments. The policy period is 15 years and the premium period is 15 years as well. The fund […]
Two To Tango
Published in Business Today on July 25, 2019 You have to have health insurance if you don’t want to strain your finances due to a medical exigency. You also need life insurance to provide financial security to your loved ones in case something were to happen to you. This involves studying the features of multiple policies. Many […]
Complaints against life insurers spike by 6% in FY19
Published in Livemint. There has been a 6% rise in number of complaints reported against life insurers in FY19. The finding was part of an annual report released by Insurance Regulatory and Development Authority of India (Irdai) on Monday. As many as 102,127 complaints were filed against the public insurer (LIC) and private insurers attracted […]
Premium for group term plans is lower than individual policies
Published in Mint on 4th June, 2017. Written by Abhishek Bondia I live in a residential society and I am the residents’ welfare association (RWA) president. In the general body meeting (GBM), we decided to buy life insurance policies for five of our security guards, three maintenance staff, and three housekeeping ladies. Can you suggest […]
Life insurance policies cover death due to drunken driving
Published in Mint, Written by Kapil Mehta As a non-resident Indian (NRI), what are the various ways in which I can remit payment of premium to an insurer? —Jay Nambiar The two most prevalent ways of payment are: (a) electronic rupee transfer. This could be from your overseas, domestic or NRI account; (b) credit card […]
Is the annuity amount in Jeevan Shanti policy taxable?
If you have purchased or are looking to purchase LIC Jeevan Shanti policy, this post is for you. It answers questions about taxation related to this policy. What is the Jeevan Shanti policy? LIC new Jeevan Shanti plan is a pension plan that offers annuities. The policyholder can either buy an immediate annuity with the […]
Buying a life insurance policy? Don’t go just by the claim settlement ratio of the insurer and ignore other parameters
Buying a life insurance policy? Don’t go just by the claim settlement ratio of the insurer and ignore other parameters By Sunil Kumar Singh Contains comments by SecureNow Insurance Broker LIC 97.42%, SBI Life 95.48%, Kotak Mahindra 92.10%, Bajaj Allianz 90.61%, Aegon Religare 66.06%, HDFC Standard 96.17%. Wondering what this means? Well, this is […]