Published in Mint on Aug 03 2015. Advantages of insurance going digital. Digital insurance services offer convenience, choice and comparison. The financial services industry, including insurance, is also making efforts to tap this space. Life insurance, traditionally sold by agents, is available for online purchase, often at lower prices. According to a report by Boston […]
Articles Tagged: Motor Insurance
Insurance hits and misses: IPOs and Commissions
Published in Mint on 26th December 2017. The three big events of 2017 that will define the year for the insurance sector are: listing of insurance companies, new commission rules for sellers and consumer protection regulations. Here are the details on what happened in this space and what it means for you. Benefits of listing […]
Learner’s with valid licence are covered by motor insurance
Published in Mint on Jan 07 2014, Written by Kapil Mehta My daughter, who has a learner’s licence, had an accident recently wherein she drove into a small shop. I want to know that since the car is in my name, will the insurance company compensate the shop owner? —M. Chabbra There are three implicit insurance […]
New rules give insurance web aggregators a boost
Published in Mint, on 10th May 2017 Insurance Regulatory and Development Authority of India (Irdai), in a gazette notification dated 13 April, laid down the rules for insurance web aggregators: Irdai (Insurance Web Aggregators) Regulations, 2017. According to the aggregators we spoke to, these regulations do not cause any major disruption, as they mainly aim […]
Policy evolution post-COVID-19
After COVID-19, insurance policies will no longer look the same. Asia Insurance Review spoke with SecureNow.in’s Kapil Mehta about how conventional insurance covers will be adapted to the new work environment. A new social ecosystem and work environment is emerging as society deals with the pandemic. Insurance, too, will be transformed. SecureNow.in co-founder Kapil Mehta […]
As insurance payouts rise, so could your premiums
Published in Mint, on 10th April 2017 From this financial year, your insurance agent is eligible to get a higher payout for selling you a policy, but did you know that this may increase your premium as well? Last month, the Insurance Regulatory and Development Authority of India (Irdai) in a series of circulars has […]
Sub-limits are critical to evaluate in health insurance
Published in Mint on November 27th, 2013, Written by Kapil Mehta Recently my car collided with a bike, due to which the person on the bike and I, both got injured. I have a comprehensive car insurance policy of Rs.6 lakh, which covers my own damage as well. I want to know how much compensation […]
Health plans cover maternity costs after a waiting period
Published in the Mint on October 1st, 2013, Written by Kapil Mehta I am told that some insurance plans cover pregnancy. What is the kind of cover provided? My wife is six months pregnant. Can I take a cover for her? —Karthik Bhat Individual health plans cover maternity costs but only after a certain waiting […]
Car dealers may offer more, cheaper covers
Published in Mint on 19th September, 2017. Some months back, Mint Money published a story on why one shouldn’t settle for a car insurance policy that the car dealer packages with a car purchase. We advised shopping around for a cheaper policy instead of settling for this convenience. You can read it here. The good […]
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 […]