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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 […]

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India’s insurance intermediary partners with German broker to expand footprint

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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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 […]

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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 […]

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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, […]

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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 […]

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76,000 LIC agents call it quits, private insurers add 50,000 agents

Published in Cafemutual on 26th August, 2016 Agent attrition has been an ongoing issue in the life insurance industry. A recent data provided by Life Insurance Council (LIC) shows that around 27000 agents have left the distribution of life insurance policies. LIC is a trade body of the life insurance industry. Surprisingly, state owned LIC […]

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When fine print stumps your policy claim

Published in Mint on Aug 16 2016   Most people buy insurance in three quick steps: give the agent a quick listen, sign off on the paper and store the policy away. Yes, insurance legalese makes for laboured reading, but ignorance is even more painful. You need to know your policy—the exclusions at the very […]

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