Published in Mint on 2nd Sept 2014, Written by Abhishek Bondia I will be going abroad for a few weeks. Is there an insurance policy that I can take to insure my laptop, e-book reader and music player? —Kriti Singh Portable electronic equipment can be insured under a comprehensive all-risk insurance policy. Such policies cover […]
Personal accident policy gives 24-hour worldwide coverage
Published in Mint on 10 November, 2015, Written by Abhishek Bondia Why is travel insurance needed and what all does it cover? What is the minimum period for a trip to be insured? —Raksha Shourie A travel insurance provides for temporary coverage for risks when you travel overseas or domestically, including hospitalisation expenses, accidental death […]
What happens when you cancel a senior citizen health policy midway through the policy year?
If you have a senior citizen health insurance policy, it is feasible to cancel the policy midway through the policy year. Here it is important to note that a health insurance company can also cancel the insurance policy by sending 30 days’ notice at the insured’s last registered address. In such a case, the insurer […]
Which Type of Domiciliary Treatments are Not Covered By the Health Insurance Plans?
Domiciliary hospitalization means treatment which is taken place at home and lasts for more than three days which in the normal course would require treatment at a hospital or nursing home. The insurer would allow domiciliary treatment only if- The condition of the patient is such that he/she can’t be taken to the hospital or […]
Why Should You Buy Critical Illness Cover Even after Buying Term & Health Insurance?
The most popular insurance policies amongst the masses in India are term and health insurance coverage. There is no doubt that these are two of the most significant policies which are on the bucket list of many when they are asked about insurance. However, times have changed, and we are at a greater risk of […]
What is QROPS under Jeevan Shanti Policy?
What is QROPS under Jeevan Shanti Policy? LIC’s Jeevan Shanti policy is a traditional pension plan which offers policyholders two options of receiving pensions. The policy can be bought as an immediate annuity plan wherein the annuitant can choose to receive annuity pay-outs immediately after buying the plan. Alternatively, the policy can also be bought […]
Pros and Cons of Buying Car Insurance Online
Purchasing a car might have been your dream since your childhood. Now that you have accomplished it, it is necessary to secure your most prized possession through a Motor Insurance policy which is legally mandatory for every car owner. Given the increased reliance on the internet in today’s world, most General Insurance companies have expanded […]
What is the maximum number of claims allowed over a year in health insurance?
You can file multiple numbers of claims in a health insurance plan up to the limit of sum insured. The limit of sum insured is pre-specified and insured can get coverage up to that particular amount only. In the policy tenure, the unlimited number of claims can be covered depending upon the scope of coverage […]
Super Top-Up Vs Top-Up Health Insurance
Considering the alarming medical inflation rate, it is not only essential to have health insurance coverage, but also have the correct amount of cover. Inadequate health insurance is like carrying a mini umbrella in the rain. Even if you are walking in the rain with an umbrella in your hand, you will not be able […]