Published in Mint on, Apr 09 2013, Written by Kapil Mehta What all comes under the accidental death rider? Will my family members be able to claim the term cover (if I also have an accidental death rider with the term insurance) that I have if I die in a bomb blast? —Santosh Accidental death […]
Articles Tagged: Term Insurance
Should insurers pay hereditary commission?
Published in Mint on 26th June 2018. Tarun Chugh, Managing director and CEO, Bajaj Allianz Life Insurance Co. Ltd Insurers can have their own policy Under the amended Insurance Act of 1938, payment of renewal commissions to terminated agents after 5 years of service or payment of hereditary commissions to legal heirs of agents after […]
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 […]
It is easier to change payment frequency of a life insurance policy than annual date
Published in Mint on 26th March 2018. Written by Abhishek Bondia. I am 43 years old and have a pet African macaw (a parrot). They have a lifespan of over 50 years in the wild. It is currently 5 years old. Is it possible to make that parrot a beneficiary of my life insurance policy? […]
Should insurance give or take away your money?
Published in Mint on 9th January, 2018. Last month two important news items broke in the life insurance space. One was about misselling in the and the other was about consumer losing money due to high exit penalties. The case of misselling was reported on thewire.in. It said Rajasthan Police is investigating a case where bank […]
Five steps to take before tying the knot
published in Mint on Jun 12 2015 Kirtan Shah, 29, plans to get married this December, but the Mumbai-based certified financial planner and chief executive officer of Ambition Learning Solutions, already has a clear view of his financial role post marriage. “I have decided that I will take care of all household and leisure expenses. […]
Don’t hide any fact from insurer while filling proposal form
Published in Mint on Jan 14 2014, written by Kapil Mehta How long does it usually take for the insurer to pay claims that happen due to critical illness? —P. Chandra The insurance regulator requires insurers to settle claims within 30 days of receiving the required documents and clarifications. Payment time for critical illness is similar […]
Term covers pay death benefit even if you are outside India
Published in Mint, September 10, 2013, Written by Kapil Mehta I am 35 years old and run my own company. I am out of the country for at least five months in a year. What kind of cover is advisable for me? Also, if any mishap occurs, will the cover support me when I am […]
Distribution Landscape Set To Change Dramatically
Published in Business Word on 7th November 2017 In this interview, Kapil Mehta speaks to BW Businessworld on SecureNow’s business model and growth plans, emerging trends in the insurance space in India, and the challenges of an evolving Health Insurance landscape Kapil, what led you to leave a successful corporate career as the CEO of […]
Sum assured of term plan can’t be increased during renewal
Published in Mint on December 18th, 2013. Written by Kapil Mehta. You cannot increase the sum assured during renewal but can always buy an additional or new plan I want to buy a Rs.1 crore term plan. How should I go about it? Also, can I increase the sum assured at the time of renewal? […]