Published in Mint on 9th January, 2018. Last month two important news items broke in the life insurance space. One was about misselling in the and the other was about consumer losing money due to high exit penalties. The case of misselling was reported on thewire.in. It said Rajasthan Police is investigating a case where bank […]
Media
Advisors take professional indemnity cover
Published in Cafemutual on 3rd September, 2015 Financial advisors are increasingly opting for professional indemnity insurance which protects them against any litigation due to errors or negligence in their practice. In case of financial advisors, such errors can occur due to judgmental errors. IFAs say that this cover has come into spotlight after The New […]
Protection decision comes before investment decision
Published in Mint on Jan 02 2016 Money conversations usually start and end with where to invest. But did you know that before the investment decision comes the protection decision. Reason is simple. You create assets out of current income and savings. If some harm were to come to those assets, you will have to […]
Stopping premiums can reduce life cover
Published in Mint on Dec 02 2015 The Insurance Regulatory and Development Authority of India (Irdai) reiterated recently that when a policy is surrendered or discontinued, the insurer will have to follow the rules stipulated by linked and non-linked product regulations that came out in 2013. The regulator said so in a notification that came […]
Insurance gets a new distribution avenue
Published in Mint on Oct 28 2015 To increase the distribution footprint of the insurance industry, the Insurance Regulatory and Development Authority of India (Irdai) has allowed a new type of distributor, called the point of sale (PoS) person. According to Irdai, this step is a part of its developmental agenda and it hopes that […]
Insurance: health over life
Published in Mint on Oct 18 2015 One of the joys of being a senior citizen is that your working days are behind you. This also means having working children and financial assets that make buying a life insurance policy unnecessary. However, what you need to consider seriously is a health insurance policy. Hospital bills […]
Buying a pension plan? Pick annuity first
Published in Mint on Aug 17 2015 The Insurance Regulatory and Development Authority of India (Irdai) has now made it mandatory for customers who buy pension plans from life insurance companies to select an annuity option at the time of purchase itself. An annuity is a pension product that provides periodic income. You buy a […]
5 advantages of insurance going digital
Published in Mint on Aug 03 2015. Advantages of insurance going digital. Digital insurance services offer convenience, choice and comparison. The financial services industry, including insurance, is also making efforts to tap this space. Life insurance, traditionally sold by agents, is available for online purchase, often at lower prices. According to a report by Boston […]
Securing the future of a special needs child
Published in Mint on Jul 09 2015 Shrishti Saran, 10, suffered a brain fever in June 2011 at the age of six. Meningitis, which leads to inflammation in the brain and spinal cord, can be lethal. She was spared but left paralyzed. Bed ridden since 2011, the Saran family and Shrishti, who likes to watch […]
Discounts to show on your hospital bills
Published in Mint on Jun 25 2015 Having a health insurance policy, means you may be eligible for a hospital bill discount if you get hospitalized. “Insurers and third-party administrators (TPAs) can get a discount of up to 20% on hospital bills,” said Kapil Mehta, executive director, SecureNow Insurance Broker Pvt. Ltd. TPAs are a […]