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 […]
Articles Tagged: ULIP
Face-off in insurance distribution
Published in Mint, Written by Kapil Mehta The business world is replete with ferocious two-sided battles—iOS versus Android, Linux versus Windows, Big versus Small retail, budget versus full-service airlines, and so on. These battles are fought globally and across industries, but have two things in common: at stake is the fundamental principle of how much […]
Claim can be rejected if you don’t disclose health condition
Published in Mint on Nov 19 2013, Written by Kapil Mehta I have a unit-linked insurance plan (Ulip) from a private life insurer for which the annual premium is Rs.25,000. Till now I have made three annual payments. The policy period is 15 years and the premium period is 15 years as well. The fund […]
Easier to pay regular premiums than a big one-time payment
Published in Mint on 25th March 2014, Written by Kapil Mehta Should one opt for a single premium insurance product or a multiple premium product? —Jayesh Gupta A policy that requires a single premium payment has two advantages and one disadvantage. The first benefit is that you need not worry about renewal dates since no […]