Inflation has a wide-reaching impact on almost every sector and aspect of the economy. One of the less discussed but equally significant sectors where inflation plays a pivotal role is insurance. Whether it is life, auto, health, or property insurance, inflation can profoundly impact the cost of coverage. Understanding how inflation impacts your insurance premium […]
Articles Tagged: Term Life Insurance
Term Life Insurance Rates
Term insurance is a type of life insurance that provides coverage for a specific period of time. The best rates for term life insurance in India will vary depending on factors such as the age of the policyholder, the amount of coverage desired, and the length of the policy term. Some of the top insurance […]
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 […]
Insurers generally do not issue term insurance after age 65
Published in Mint on, Oct 09 2012, Written by Kapil Mehta I am 66 years old and have a unit-linked insurance plan (Ulip) for which I have paid three regular premiums totalling Rs.1.6 lakh. I don’t want to pay further. How much surrender value will I receive? I want to invest this amount in mutual funds […]
Policy nominee needs to show valid ID, address proof
Published in Mint on 28th May 2018. Written by Abhishek Bondia. We found a life insurance document among the papers of my grandmother who passed away recently. What documents will we need? —Parakram Verma To make a death claim, you will need to submit the death certificate issued by the municipal corporation, along with the […]
Securing the future of a special needs child
Published in Mint on Jul 09 2015 Shrishti Saran, 10, suffered a brain fever in June 2011 at the age of six. Meningitis, which leads to inflammation in the brain and spinal cord, can be lethal. She was spared but left paralyzed. Bed ridden since 2011, the Saran family and Shrishti, who likes to watch […]
Standard health products for vector-borne diseases can work as a supplementary cover
Published in Livemint. The Insurance Regulatory and Development Authority of India (Irdai) last week launched draft guidelines on standard health insurance products for vector-borne diseases such as dengue, malaria, kala-azar, chikungunya, and zika virus. The general and health insurers can offer one or a combination of diseases and can price a policy for every disease […]
Having covid-19 symptoms could come in the way of buying life insurance
Published in Livemint The covid-19 pandemic has increased awareness and pushed a part of the uninsured population to finally buy insurance. But if you’ve had any symptoms of covid-19, buying life insurance, especially term plans, could become a challenge. According to life insurance companies, reinsurers are asking for covid-19-based disclosures at the time of policy […]