Published in Mint on 14 October 2015, Written by Kapil Mehta Last weekend, I was in Varanasi for a short break. Sailing down the Ganges by the ghats we were transported into a different world. The cycle of birth, life and death were vividly portrayed in a half-hour boat ride. I find it hard, however, […]
Articles Tagged: Term Insurance
You can use a single e-insurance account to hold all your policies
Published in Mint on Sep 29 2016, Written by Abhishek Bondia Can a policyholder have multiple e-insurance accounts if he has insurance policies issued by various insurers? —Nitin Sharma Every investor should have only a single e-insurance account. Using one account, you can store multiple insurance policies issued across various insurers. The purpose of a […]
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 […]
Why your domestic help must have insurance
Published in Mint on Sep 07 2016, Written by Kapil Mehta The building, in Delhi, where I stay has 11 residents with 15 supporting domestic staff consisting of full-time maids, drivers and security guards. Since there are about 400 homes in my locality this means our small colony alone has over 5,000 domestic staff. They […]
Old term insurance plans can be revived by paying unpaid premiums
Published in Mint on Aug 30 2016, Written by Abhishek Bondia What is a life annuity cover? Is it a good option for a life insurance plan? —Rajbir Singh In a life annuity plan, annuity payments continue till the death of the person covered, irrespective of age. There are several forms of annuities available. In […]
Joint term life policies offer limited advantages
Published in Mint on Aug 2 2016, Written by Abhishek Bondia I am getting married soon. My to-be wife plans to get a term plan after the marriage. Should I buy a combined cover then or an individual plan now? —Ravi Saxena You should buy an individual term life plan now and not wait to buy […]
Participation in the Mint SecureNow Mediclaim ratings is not optional
The product options that are rated, have increased from 162 in 2013 to 423 this year Published in Mint Mon, Aug 1, 2016, written by Kapil Mehta The Mint SecureNow Mediclaim Ratings (MSMR) take an enormous effort to be put together. Over 10,000 pieces of information bits on health insurance are collated from public sources […]
Policy terms can’t be changed during free look period
Published in Mint on JUL 19 2016, Written by Abhishek Bondia What are the important riders that can be bought with a basic term life plan? —Kunal Gupta Common riders available with a term life plan include: accidental death, permanent disability, and critical illness. Critical illness rider with a term plan is recommended. This helps […]
Several life insurers offer immediate annuities
Published in Mint on, May 14 2013, Written by Kapil Mehta I am 29 years old and have a term insurance with a premium of Rs.16,500 for Rs. 1 crore cover. I bought it last year. Recently, I saw that the same company has also launched online term insurance, which is cheaper by Rs.4,000. Will […]
Keyman insurance protects firm from loss if key person dies
Published in Mint on, Apr 30 2013, Written By Kapil Mehta I am a 29-year-old male and I smoke. I plan to buy a term insurance for myself though I have no dependants as of now. But I think I will get married sometime soon and may have dependants soon. What all factors should I […]