Published in Mint on 25th September 2017. Written by Abhishek Bondia How is the surrender value of a policy calculated? I have an endowment plan that I bought about 15 years back. I had paid premiums for 3 years and then stopped. The premium amount was about Rs8,000 per annum. Can I surrender now and […]
Media
It is more cost-effective to buy individual term plans
Published in Mint on 17th July 2017. Written by Abhishek Bondia My husband and I are less than 35 years old and both of us contribute equally to the household. We have two children, both under 10 years. Is it possible that we buy a joint life insurance policy, so that if anything happens to […]
When past performance is an indicator to the future
Published in Mint on 20th September,2017. Written by Kapil Mehta. Never judge a book by its cover. Never judge insurance just by price. Equally important is an insurer’s claims payment and complaint handling ability. Every claim or complaint is different so it is impossible to predict an insurer’s specific response. But this is one […]
Coverage is immediately applicable in term life insurance
Published in Mint on 7th August, 2017. Written by Abhishek Bondia My brother-in-law had bought a term plan insurance on the 1 July 2017. All formalities had been completed and the policy had been accepted by the insurer. However, the policy document had not reached us yet and sadly on 14 July 2017, he passed […]
Buy health insurance and critical illness cover separately
Published in Mint on 29th April 2014, Written by Kapil Mehta I will be travelling by train from New Delhi to Kolkata to attend a cousin’s wedding. I will be carrying expensive jewellery. Can I insure it for the journey? —Karan Kapur The jewellery can be insured under marine or domestic travel insurance. However, there […]
When buying a life policy, consider insurers with claim settlement ratio of at least 90%
Published in Mint on 30th October 2017. Written by Abhishek Bondia I want to buy term insurance. I checked a few websites online but can’t figure out which policy to choose. I am 29 years old and my annual salary is Rs17 lakh. I have my wife and parents as dependents. Kindly help. —Akarsh Rastogi […]
Motor insurance policies also cover drivers who have valid learning licence
Published in Mint on 18th September 2017. Written by Abhishek Bondia My daughter is learning to drive a car. She has a learner’s licence. Recently, she drove into a wall and the car was damaged. I was sitting beside her. Will my comprehensive car insurance cover the damage? —Mehak Ranade Yes, the motor insurance policy […]
Insurances for IT Companies: Why you need it and how to go about it
Published in Economic Times on 16th September 2017. Written by Kapil Mehta The IT industry has capably elevated India’s standing in the world economy in the past two decades. For a country that was initially perceived as a harbor of red-tapism and bureaucracy, IT has come to be the crown jewel in India’s trove of […]
Premium for group term plans is lower than individual policies
Published in Mint on 4th June, 2017. Written by Abhishek Bondia I live in a residential society and I am the residents’ welfare association (RWA) president. In the general body meeting (GBM), we decided to buy life insurance policies for five of our security guards, three maintenance staff, and three housekeeping ladies. Can you suggest […]
Buy insurance that requires proper medical check-up
Published in Mint on 10th June 2014, Written by Kapil Mehta I was told that online plans do not require a medical check-up. If I buy insurance without a check-up, will there be a problem at the time of claim? —Deepesh Rathi Online plans do require a medical check-up, especially if the sum assured is […]