Published in Mint on 26th June, 2017. Written by Abhishek Bondia I work for an information technology company, and it seems that this industry is not going through the best of times. The probabilities of layoffs are being increasingly talked about. Can I take an insurance for job loss. What are its premiums? Is it […]
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Face-off in insurance distribution
Published in Mint, Written by Kapil Mehta The business world is replete with ferocious two-sided battles—iOS versus Android, Linux versus Windows, Big versus Small retail, budget versus full-service airlines, and so on. These battles are fought globally and across industries, but have two things in common: at stake is the fundamental principle of how much […]
The difficulty in rating health insurance products
Published in Mint on 11th January,2015 , Written by Kapil Mehta Two years ago when Mint discussed rating individual health insurance products, I readily agreed. The idea was compelling. And how difficult could it be to put this together? Well, we underestimated the task. There are 26 insurers, offering about 50 health insurance products, over 300 […]
Buy different products for protection and retirement needs
Published in Mint on May 06 2014, Written by Kapil Mehta I am 37 years old old and I want to buy a term insurance plan. At the same time, I want to secure my post-retirement life. My take-home salary is not more than Rs. 24,000 per month. Which term plan would be best for me […]
Opinion | A well-designed insurance plan can lower the chances of claim rejection
Published in Livemint. Written by Kapil Mehta Last week I walked past an office that displayed a large, attractive poster, advocating “Say No to Single-Use Plastic”, printed on single-use plastic. Such thoughtlessness is pervasive but if it takes place in insurance, the impact can be significant. That’s because insurance is not a tangible product but […]
24-hour hospitalisation must for availing of maternity insurance
Published in Mint on 2nd October 2017. Written by Abhishek Bondia. Are expenses incurred for childbirth covered under health insurance, even if the hospitalisation was for less than 24 hours? —Anandi Sharma Maternity-related treatments are generally not classified as daycare treatments. So, the minimum requirement of 24 hours of hospitalisation is a must. Typically, in […]
If the insurer does not resolve your issue, you should approach Irdai’s grievance cell
Published in Mint on 31st July 2017. Written by Abhishek Bondia I have been mis-sold a money-back plan by a private insurance company’s relationship manager. They lied about the sum assured and maturity value as well as the periodic money back. They had given a benefit illustration at the time of purchasing the plan, which […]
Co-pay, room rent, disease capping are key factors when selecting health plans
Published in Livemint. Written by Abhishek Bondia We had a wedding in the family planned for June this year, but because of the covid-19 pandemic, we decided to postpone it. We had taken out some of our heirloom jewellery from the bank locker for the occasion, but because of the lockdown, we have to keep […]
Health insurance can help free the current cash reserves for investment
Published in Mint on 14th August, 2017. Written by Abhishek Bondia My father is 68. He has invested in fixed deposits, National Savings Certificates, etc, but never in mutual funds and has Rs6 lakh in savings account. His health insurance is covered by my and my brother’s company insurance, but he does not have any […]
Many positives for the insurance sector from the Budget
Published in Moneycontrol on Jul 18, 2019, written by Abhishek Bondia. On July 5, 2019, when the Finance Minister presented the budget, she was unambiguous in positioning the insurance sector as a critical route to integrating India with the global financial system. She showed her intent of investing in long-term measures such as inviting top […]