Published in Mint, Written by Kapil Mehta I will be taking an online term insurance in this month. Being a central government employee (36 years old), my family and I are eligible for pension after 20 years of service. Presently, I am in my 12th year of service. Should I take the term up to […]
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Group medical cover has many advantages over a personal one
Published in Mint, December 11 2013. Written by Kapil Mehta I have recently got a medical insurance from my employer. Will this cover any pre-existing illnesses that I may have? —A. Verma Much depends upon how your employer has structured the medical insurance. In most cases, group medical insurance offered by companies does cover pre-existing […]
Hike in tax sop for health insurance premium sought in Budget 2020
Published in Economic Times. Written by Davinder Singh. We hope the government will use Budget 2020 to incentivise health insurance buyers to create better insurance awareness and deeper penetration. Here are a few things that we would like for the insurance sector from the Union Budget 2020. Increase in income tax exemption on health insurance […]
Do not rely only on company health cover for dependants
Published in Mint on 27th May 2014, Written by Kapil Mehta My mother and father have retired and have no mediclaim. However, my wife and I have added them as dependants in our company health insurance. In my company, they are eligible for Rs.1 lakh as group cover, and in my wife’s, they are eligible […]
Welcome steps towards protection of insurance buyers
Published in Mint on 5th Jan, 2015, Written by Kapil Mehta The insurance regulation on protection of policyholder’s interests is the industry’s equivalent of the Ten Commandments, a set of principles that insurers must abide by. The original regulation issued in 2002 remains in force even today. Much has happened over the past 13 years […]
You can buy insurance for goods if you’re likely to make a loss in case they are lost or damaged
Published in Livemint. Written by Abhishek Bondia I have a garage. My friend recently asked me if he could store some cartons in it, and I agreed. They contain expensive artefacts and electronic goods. Even though I don’t own the items, I want to get them insured, since they are valuable and left in my […]
More insurance initiatives may be announced over time, outside the budget
Published in Moneycontrol. Written by Abhishek Bondia In her maiden budget speech in 2019, the finance minister’s clear focus was to leverage the insurance sector to integrate India further with the global financial system. Her 2020 budget was focused much more on domestic matters. There are two key points in the budget. LIC’s listing, a […]
Standalone plans are available at prices similar to riders
Published in Mint on May 20 2014, Written by Kapil Mehta While buying a money-back policy, agents usually give a benefit illustration. How genuine are these? —Kamini Ghoshal When I hand a Rs.500 note to a shopkeeper, she invariably peers at it suspiciously. If she finds the right ink marks, holograms and dates, I get […]
Risks covered under term and personal accident plans vary
Published in Mint on 17th June 2014, Written by Kapil Mehta I am 33 years old, male, married and a non-smoker. I am looking to buy a term insurance plan for Rs.1 crore. Please suggest which provider to go for. —Ankit Buy a term plan that conducts medical tests and costs the least. In your […]
Inform your auto insurer when moving to another city
Published in Mint on 13th May 2014, Written by Kapil Mehta I will be shifting to another city soon and plan to take my car with me. I bought it just a few months ago and plan to get it registered there. Do I have to inform my insurance company that I am moving […]