Published in Mint on 7th August 2017 When you invest for the long term, it is important to make sure that the returns your portfolio gets are ahead of inflation so that you get a real return. Buying health insurance is not much different in this regard—it is important to inflation-proof your health insurance strategy […]
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Two To Tango
Published in Business Today on July 25, 2019 You have to have health insurance if you don’t want to strain your finances due to a medical exigency. You also need life insurance to provide financial security to your loved ones in case something were to happen to you. This involves studying the features of multiple policies. Many […]
Millennials top buyers of Corona Kavach policy as covid-19 cases spike
Published in Livemint. The fear of contracting the novel coronavirus is pushing more and more people to buy the regulator-mandated indemnity policy for covid-19, despite regular health insurance policies covering the cost of hospitalization for the infection. Corporates too are looking to cover their employees, specifically for covid-19 under a group Kavach plan. Between 10 […]
Car dealers may offer more, cheaper covers
Published in Mint on 19th September, 2017. Some months back, Mint Money published a story on why one shouldn’t settle for a car insurance policy that the car dealer packages with a car purchase. We advised shopping around for a cheaper policy instead of settling for this convenience. You can read it here. The good […]
Open architecture in insurance sector
Published in Mint on 17th July,2017 We ask the experts whether open architecture in insurance distribution (where distributors can sell products of multiple insurers) will bring greater efficiencies or will it be counterproductive Kapil Mehta, co-founder, SecureNow Insurance Brokers Open architecture is good if two conditions are met. First, it should operate at the point […]
Complaints against life insurers spike by 6% in FY19
Published in Livemint. There has been a 6% rise in number of complaints reported against life insurers in FY19. The finding was part of an annual report released by Insurance Regulatory and Development Authority of India (Irdai) on Monday. As many as 102,127 complaints were filed against the public insurer (LIC) and private insurers attracted […]
Are hospitals overcharging for COVID treatment? Insurers to analyse claims data
Non-life insurers have received around 1000 novel Corona Virus Disease (COVID-19) claims till May 4, 2020, with the aggregate claim amount being close to Rs 20 crore, as per insurance industry estimates. Though the average claim amount works out to nearly Rs 2 lakh, insurers have observed wide variations too. “Some claims are in the […]
Will RBI nod make banks insurance brokers?
Published in Mint on Jan 19 2015 After deliberating for a year, the Reserve Bank of India (RBI) came out with guidelines on entry of banks into insurance business on 15 January, allowing banks to become either a corporate agent or an insurance broker. As insurance brokers, banks become directly responsible for the sale of […]
The smart way to manage money: insure your health, wealth and house
Published in Mint, written on 30th March Panellists discussed the roles of health, life, vehicle and home insurance in managing our money box. Participating in the discussion were: Kapil Mehta, co-founder, SecureNow Insurance Broker Pvt. Ltd; K.S. Gopalakrishnan, managing director and chief executive officer, Aegon Life Insurance Co. Ltd; K.V. Dipu, president and head of […]
Does Only specific health insurance policies cover covid-19 vaccine
Published in Livemint. If you are worried that the vaccine for covid-19 may burn a hole in your pocket and think that your health insurance policy will come to the rescue, you could be mistaken. Note that only specific health insurance policies will cover the cost for the covid-19 vaccines. Oxford-AstraZeneca, a covid-19 vaccine for […]