The Indian insurance sector is booming right now. There are 58 total insurance companies in the market which includes 34 non-life insurance providers. There are 25 general insurance companies, 7 standalone health insurance companies, and 2 specialised insurance providers. They have been growing at different rates over the past couple of years. These companies are […]
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How to optimise premium for a personal health insurance when an employer-sponsored plan exists
Written by Abhishek Bondia/ moneycontrol /AUGUST 09, 2022 / 10:30 AM IST Healthcare costs have been rising, and the same is true for health insurance premiums. Given this, a significant number of corporate employees avoid buying personal health insurance. While avoiding a health plan can help you save money in the short term, this can […]
Here’s how to claim health insurance from your office cover and personal cover at the same time
Hospital costs are increasing at a rapid rate. Medical inflation is considered to be growing at a faster rate than general inflation. In such a scenario, it is increasingly common for individuals to exhaust their policy limits. A thorough approach to filing a claim can ensure that out of pocket expenses are minimised. Published on […]
Supplement your corporate health plan with personal insurance policy
In view of the rising incidence of health issues, increased cost of hospitalisation, employees should have a second line of coverage. Published on Money Control on MAY 26, 2022 || Written by – ABHISHEK BONDIA Nureca, a healthcare and wellness products distributor company, IPO listing date was on February 25, 2021, it listed at 58.74 percent premium to Rs […]
How to increase fire insurance adoption of homes and small businesses?
SME and home insurance products have a large potential market. An easy-to-understand product that is attractively priced will help drive adoption Published in MoneyControl, Feb 24, 2021 || Written By – ABHISHEK BONDIA What is more risky to insure – 100 warehouses having inflammable chemicals in 100 drums each or one warehouse with 10,000 drums of […]
Are the wellness benefits that come bundled with health insurance covers worthwhile?
The real cost to insurers is low. Not surprisingly, the impact achieved is low too Published in MoneyControl, JANUARY 06, 2021 || Written By – ABHISHEK BONDIA Last week, one of our clients called to inquire about the complementary health check-up bundled with her health insurance plan. Otherwise healthy, her doctor had advised a battery of diagnostic […]
Why young couples must cover maternity costs via health insurance?
It is important to recognize that maternity has several direct and indirect expenses, which can be mitigated through proper insurance planning. Published in MoneyControl, Dec 30, 2021 || Written By – ABHISHEK BONDIA Maternity is a frequently claimed expense under health insurance. However, maternity still remains substantially un-insured and under-insured. Over the years, the cost of […]
How to buy the best insurance cover for senior citizen parents?
It’s best to buy insurance at an early age but most of our parents are either without an insurance cover or very inadequate cover. A standalone health insurance policy is often the best choice, but expensive to buy after 60. Here are some other options. Published in MoneyControl, Mar 09, 2022 || Written By – ABHISHEK […]
Insurance sold by car dealers can be costly
Published in Mint, on 21st Feb 2017 If you are buying a new car, buying insurance for it is perhaps the last thing on your mind. Plus, the car dealer makes insurance purchase easy by bundling the policy with the deal. But the policy from the dealer can be expensive and you may get a […]
PSU non-life insurers incurring loss while private insurers are minting money in health insurance
Published in Cafemutual on 4th February, 2017 PSU non-life insurers are incurring hefty losses while their private counterparts are minting money in the health insurance segment if the IRDAI’s annual report is anything to go. The annual report shows that the net incurred claims ratio (ICR) of the public sector non-life insurers stood at 115% […]