Published in Mint on, May 28 2013, Written By Kapil Mehta Are there life insurance policies for someone above the age of 60? How can I get it? I want to get a policy as my granddaughter is dependant on me. —Kajal Life insurance to take care of your grandchild is a lovely legacy to […]
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Unlike term plans, accidental death riders have some caveats
Published in Mint on, Apr 09 2013, Written by Kapil Mehta What all comes under the accidental death rider? Will my family members be able to claim the term cover (if I also have an accidental death rider with the term insurance) that I have if I die in a bomb blast? —Santosh Accidental death […]
Make sure to disclose health status in the proposal form
Published in Mint on, Jan 08 2013, Written by Kapil Mehta I have been told that insurers deny claims on flimsy grounds. How can I be sure that my claim will get paid? —Sachdeva The claims that get denied are typically for gross non-disclosure. For instance, if a person on frequent dialysis or who has […]
When do you get overseas health cover
Published in Mint on, Dec 25 2012, Written by Kapil Mehta I am getting married next year. Are there plans to cover weddings? If yes, what are these and where can I buy them from? —Remya My first reaction to your question was that the best wedding insurance is to find a spouse who will […]
Insurance companies cover laptops on an ‘all risk’ basis
Published in Mint on 8th July 2014, Written by Abhishek Bondia I plan to get a compressed natural gas (CNG) kit installed in my car. How can the car be insured? —Tanmay Bhatt Motor policies can insure cars fitted with CNG kits. You will be charged an additional premium. Your insurer will provide the exact […]
Policies do not cover all the treatments done at hospitals
Published in Mint on 5th Aug 2014, Written by Abhishek Bondia Does a mediclaim cover any treatment done at a hospital? Or, are there some that are not covered? —Binu Ved Health policies are meant to cover treatments done at hospitals. However, all treatments done at hospitals are not automatically covered. Generally, those that are […]
No-claim bonus from company’s name can be transferred to you
Published in Mint on 11th Nov 2014, Written by Abhishek Bondia I have a Rs. 1-lakh health insurance cover from a private sector insurer and want to increase my cover to at least Rs. 5 lakh. Is it better to stay with the same company or should I look for a new insurer? —Thomas Cherian […]
A newborn isn’t automatically covered under maternity policy
Published in Mint on 25th Nov 2014, Written by Abhishek Bondia Are newborns covered under maternity policies? What all does the insurer pay for in such policies and what are the exclusions? —Methali Most individual medical insurance plans have a minimum enrolment age of 91 days. So, newborns are not automatically covered. However, most individual […]
No-claim bonus is linked to the owner and not the vehicle
Published in Mint on 9th Dec 2014, Written by Abhishek Bondia I plan to buy a second hand car and the owner has not renewed the car insurance. When I buy the car, should I take a new insurance plan or continue with the existing one? —Kavitha You should buy a new car insurance policy. […]
Professional indemnity cover premium depends on speciality
Published in Mint on 23rd Dec 2014, Written by Abhishek Bondia I might need a joint replacement surgery soon. Can I take an insurance policy to meet my surgery related expenses? —Vaibhav Ghosh Insurers will consider your joint replacement as a pre-existing ailment and exclude it for a few years. Many insurers also explicitly include […]