Published in Mint on 5th September, 2017 If you are a regular Mint Money reader, then you know some of the basics of buying health insurance. At Mint, we prefer health policies that are comprehensive and with no restrictions in the form of sub-limits, co-payments or disease-wise capping. In fact, the Mint SecureNow Mediclaim Ratings (MSMR) also […]
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New rules to protect policyholders
Published in Mint on 11th July, 2017 The Insurance Regulatory and Development Authority of India (Irdai) has notified new rules to protect policyholder’s interest. You can read the full notification here. While the regulations work towards ensuring that insurers settle all kinds of claims on time by defining the penalty on delays, there is much […]
Relief for businesses that were at risk of being stripped of property insurance
Published in Livemint. MUMBAI : Industry body General Insurance Council (GIC) has provided much-needed relief to millions of businesses that were at risk of being stripped of property insurance because of the ongoing lockdown by relaxing the terms of a clause in the insurance contracts that the cover will be terminated if a property is […]
General insurers’ claim ratios improve
Published in ETMarkets on 1st March 2019. General insurers improved their record at claims management in government sponsored and corporate group health segments in 2017-18, but the wide gap between incurred claims ratios — claims against premium earned — of individual and group segments persists. Thanks to better pricing and lower competition, general and standalone […]
Standard health products for vector-borne diseases can work as a supplementary cover
Published in Livemint. The Insurance Regulatory and Development Authority of India (Irdai) last week launched draft guidelines on standard health insurance products for vector-borne diseases such as dengue, malaria, kala-azar, chikungunya, and zika virus. The general and health insurers can offer one or a combination of diseases and can price a policy for every disease […]
Sahara Life is dying. What happens next?
Published in Mint on 6th July, 2017 The policyholders of Sahara India Life Insurance Co. Ltd (Sahara Life) may soon be dealing with a new insurer—ICICI Prudential Life Insurance Co. Ltd (ICICI Pru Life), which has expressed interest to take over the life insurance business of Sahara Life. Around 3 weeks ago, the Insurance Regulatory […]
Five health insurance terms you must know before buying policy
Published in Livemint. New Delhi: Buying a health insurance policy may have been on your mind for a while now but the long list of jargon that you have to decode before zeroing down on a policy might make you lazy. “Unless a policyholder understands the various terms in a policy and what they mean, […]
Options for overseas medical treatment
Published in Mint on 14th June,2017 When you travel abroad, it’s advisable to buy travel insurance. This insurance policy pays for medical emergencies other than insuring any flight inconveniences. It doesn’t of course cover planned hospitalization, but did you know there are health insurance plans that cover planned international hospitalization as well? Here we discuss […]
Four steps to build emotional connect with your clients
Published in Cafemutual on 15th March, 2017 According to Harvard Business Magazine, “Emotionally engaged customers are at least three times more likely to recommend your product or services.” In fact, Rajkot-based IFA Ramkumar H Barchha believes that the relationship between the adviser and the client is like a marriage alliance, which is long term. Hence, it is […]
Why is the insurance Bill so important?
Published in Mint on Dec 16 2014 Last week, a select committee of the Rajya Sabha submitted its report on the Insurance Laws (Amendment) Bill, 2008, and the Cabinet approved it, incorporating the amendments suggested by the committee, for presenting the Bill in Rajya Sabha. It’s expected that the Bill will go through during the […]