Published in Cafemutual on 12th January, 2017 In order to expand its footprint, Delhi based insurance broker SecureNow has announced its membership with Germany’s UnisonBroker, which specializes in providing risk management solutions in the global markets. This partnership is expected to provide global risk management solutions to its existing clients who have business in USA […]
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A life annuity plan may be issued without any medical underwriting
Published in Mint on Dec 15 2016, Written by Abhishek Bondia I will retire in 5 years. I am single with no dependents. Also, I have diabetes but have not gone through any other major treatment. How can I plan for my retirement? Would you recommend an insurance plan? —Oscar D’silva The key risk for […]
New terminal illness-based term plan on the block
Published in Mint on Dec 14 2016. Online term insurance policies are seeing a lot of innovation. Apart from breaking the sum assured into periodic payments for a beneficiary upon the death of the policyholder, IDBI Federal Life Insurance Co. Ltd’s iSurance Flexi Term Insurance Plan also offers to pay a portion of the sum […]
How much will e-cash incentives help?
Published in Mint on Dec 13 2016. On 8 December, the government announced a slew of incentives on digital transactions. Such transactions include those done with credit cards, debit cards, e-wallet, mobile apps and Net banking. The government said that in the aftermath of the cancellation of the legal tender character of old Rs500 and […]
Health insurance policy ratings have to evolve as more customer data becomes available
Published in Mint on Dec 08 2016 It is time for the regulator to work on a standard product that every company has to make available. The panel on the topic ‘Issues in rating health insurance policies’ had Anuj Gulati, MD, and CEO, of Religare Health Insurance Co. Ltd; Kapil Mehta, co-founder, SecureNow Insurance Broker […]
Go to the insurance ombudsman to complain about policy mis-selling
Published in Mint on Oct 13 2016, Written by Abhishek Bondia I was promised double returns with additional benefits after 3 years, over the phone, while buying an insurance policy. But when I asked for the returns after 3 years, the company denied it as the documents I had signed did not promise it. They […]
Insurers charge an extra premium equal to the out-patient department cover provided
Published in Mint on Oct 06, 2016, Written by Abhishek Bondia Is there any health coverage that covers medical tests as well, or is it only for hospitalization? I need to do medical tests on a regular basis due to diabetes. —Arjun Singh There are several health insurance plans that provide outpatient (OPD) coverage. Under […]
Mediclaim malfunction maladies
Published in Mint on Oct 04 2016. Did you know that you get different rates for the same surgery if you go as an uninsured person, or if you go with your own cover or if you go with a group cover? Rates vary across insurance firms as well. I had heard of it, but […]
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 […]
Taking the trick and trap out of insurance
Published in Mint on Sep 16 2015 Mint Money has always advised you to avoid traditional insurance policies that double up as investment products. This is primarily because of three reasons: high costs, opaque structures and poor investment returns from these policies. But if recommendations of the Sumit Bose committee are implemented, most of these […]