Pay your premiums regularly to keep the insurance in force Published in Mint on November 6th 2013, Written by Kapil Mehta I have an endowment policy. I will shift to Australia with my family at the end of the year. Do I have to surrender this policy? If not, how do I continue with it? […]
Articles Tagged: Term Insurance
Death claim can be made on more than one insurance policy
Published in mint on Apr 08 2014, written by Kapil Mehta My policy, for which I have paid premium for five years, has lapsed as I did not pay the premium last year. Can I revive it? —Gayatri Ramanath Reinstatement rules depend upon the insurer and type of insurance, i.e. whether it is unit-link or traditional. […]
Customer Orientation Needed
Increasing coverage and higher acceptability among masses, insurance is still not a fully understood financial product resulting in over or under insurance, improper product selection and poor penetration. Further, mis-selling by agents is still rampant despite companies taking steps to stop such practice. To get the status of the industry in changing business environment, Rahul Trivedi, Senior Reporter, Money Mantra, […]
Dignity, independence, insurance
Published in Mint on 19th June, 2017. Written by Kapil Mehta Her body lay unclaimed for 48 hours. The children had brought her, in failing health, to the hospital. After 5 days of intensive medical care, she died and her family could not afford the Rs50,000 hospital bill. Somebody did, finally, step in to pay […]
If you want a high sum assured, you might not get insurance
Published in Mint on 28th January 2014, Written by Kapil Mehta What is the ideal duration for a life insurance policy? —Shikha I would recommend a term insurance until a person turns 65. That’s because most people retire by then. By 65, most would have created their financial assets and met family obligations. For investment-oriented […]
Do not mix investment and protection: term insurance is for your family, if you die early
Published in Mint on 16th October 2017. Written by Abhishek Bondia We bought term insurance 3 years ago with a sum assured of Rs10 lakh. Since then, we have made more investments in mutual funds and the net asset value (NAV) of our units is already more than Rs10 lakh. The premium we spend on […]
Moratorium effect: Life insurers can now extend tenure of home loan insurance policies
Published in Forbes India Home loan borrowers who have opted for the loan moratorium allowed by the Reserve Bank of India (RBI) can now expect relief on their home loan insurance tenure too. The Insurance Regulatory and Development Authority of India (IRDAI) has permitted insurers to increase the sum assured and policy tenure for such […]