Published in Mint on, March 9 2016, Written by Abhishek Bondia My father bought some policies on the suggestion of an agent who claimed to be a financial adviser from the Insurance Regulatory and Development Authority of India (Irdai). He said these policies are just one-time investments and took a total of Rs.6.16 lakh. He […]
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Pre-existing ailments are not covered for specified periods
Published in Mint on, March 03,2016, Written by Abhishek Bondia I am 31 years old and underwent laparoscopy for kidney stone removal in 2011. A health insurance company said I won’t be covered for any kidney-related procedure for the next two years and my premium will be higher than for a normal person (without medical […]
Cancellation of motor insurance policy may be expensive
Published in Mint on, Jun 18 2013, Written by Kapil Mehta I met with an accident recently and my knee was fractured. Now I have recuperated. I want to know if ever the need for a knee replacement arises, will it be considered as a pre-existing disease? —Priyanka Singh When you decide to go in […]
Typical premium loading for diabetes is 75-100%
Published in Mint on, Jun 11 2013, Written by Kapil Mehta What is a double accident life insurance policy? —Preetam Insurers have some way to go in making their product propositions and advertisements unambiguous. For example, double accident benefit could mean a benefit paid if you have an accident twice. Actually the phrase “double accident […]
Keyman insurance protects firm from loss if key person dies
Published in Mint on, Apr 30 2013, Written By Kapil Mehta I am a 29-year-old male and I smoke. I plan to buy a term insurance for myself though I have no dependants as of now. But I think I will get married sometime soon and may have dependants soon. What all factors should I […]
If condition of bronchitis is severe Insurers can charge a higher premium
Published in Mint on, Mar 19 2013, Written by Kapil Mehta I bought a term plan of Rs.50 lakh three years ago. Now my income has increased threefold. Do I need to increase my cover? If yes, then tell me ways to do it. —K. Baig You ought to have about ten times your annual […]
Smokers need to do medical tests to assess nicotine intake
Published in Mint on, Mar 05 2013, Written by Kapil Mehta I plan to buy an online term plan. I have researched a bit online and seen that insurers ask whether I am a smoker or not. But there is no limit. I smoke maybe a cigarette a week. Will I be considered a smoker? […]
Insomnia: A Battle Against Wakefulness
It’s high time to re-frame our approach to sleep because it is the first thing we sacrifice when our life gets busy. Getting enough sleep is quintessential to improve our quality of life. Stress, age, the fast-paced living are several factors that trigger insomnia. In order to deal with insomnia, try to maintain the healthy […]
5 Ways To Enrich Your Life
Nowadays it has become so difficult to come to know oneself as our lives are partly a story of ambiguity. Life is full of stress, frustration and discontent. We do very little to make ourselves happy and content. Mindfulness is one way to solve the ambiguity and helps us find the landscape of happiness. This […]
5 Health Benefits Of Coffee
Coffee is a social drink. Some drink it as an energy booster, others just enjoy savouring its taste. Coffee is prepared from roasted coffee beans which provide the small amount of minerals and vitamins. It is the powerhouse of Antioxidants. Coffee is becoming more popular each passing day because of its nutritional value. It should […]