Published in Mint, Written by Kapil Mehta As a non-resident Indian (NRI), what are the various ways in which I can remit payment of premium to an insurer? —Jay Nambiar The two most prevalent ways of payment are: (a) electronic rupee transfer. This could be from your overseas, domestic or NRI account; (b) credit card […]
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You can designate your life insurance proceeds towards home loan repayment
Published in Mint on 11th September,2017. Written by Abhishek Bondia I am a single parent and I have a home loan that I am paying regularly as EMIs. Both my children are minor and there are sufficient investments and support structures already in place for them in case of an unforeseen eventuality. However, is it […]
Medical conditions should be disclosed while buying mediclaim
Published in Mint on 15th April 2014, Written by Kapil Mehta What does it mean when one is asked to claim for domiciliary hospitalization? —Chandana Domiciliary hospitalization refers to treatment that under normal course would have required hospitalization but was taken at home instead. The reason for taking the treatment at home should be that […]
How insurance can improve the ease of doing business
Published in Mint on 16th November, 2017. Written by Kapil Mehta Last week, the papers were awash with the World Bank’s Ease of Doing Business report. Although India’s rankings have improved, they are still low at the 100th position. I’m sure we can do better in letter and spirit. In letter, because the competitive education […]
Portability from a life insurance group plan to an individual plan is not possible
Published in Mint on 12th November 2017. Written by Abhishek Bondia My son is 34 and an army veteran. He is a double amputee. His right arm is also paralyzed below the elbow. He got married a few years ago and has a child now. He wishes to buy life insurance for his family. He […]
A ‘return to invoice’ cover can pay the original cost of a vehicle instead of the IDV
Published in Mint on 4th September 2017. Written by Abhishek Bondia I live in Mumbai. My car was parked outside the building and I fear that it may have got carried away in flood waters. I bought it in 2015 for about Rs40 lakh. I have filed an FIR but there is no report of […]
A critical illness policy generally covers cancer only of specified severity
Published in Mint on 22nd October, 2017. Written by Abhishek Bondia. Is there a specific health insurance plan that covers all types of cancer treatment? If yes, is it wise to take such plans? What kind of health insurance will you suggest? I am 31 years old and do not have any health insurance cover […]
If you earned no-claim bonus abroad, you can avail it while buying a car in India
Published in Mint on 10th July 2017. Written by Abhishek Bondia I am moving back to India after staying abroad for about 10 years. As the Indian insurance sector has liberalized, a lot of international insurance providers are now in the market. If I buy car insurance from a company with whom I currently have […]
It is not mandatory for you to have a driver’s licence to buy a motor insurance policy
Published in Mint on March 26, 2017, Written by Abhishek Bondia We have a vintage car in the family which is in the name of my grandfather. He is 78 years old and we will not allow him to renew his license to drive a car. We cannot sell the car and don’t want to […]
How group health insurance covers offered by banks work
Published in Moneycontrol. COVID-19 has made everyone sit up and take notice of the importance of having adequate health insurance coverage. But if you are a senior citizen, you may be more vulnerable to the pandemic. If you don’t have sufficient health insurance coverage, then there is a way out. Many banks offer customised group […]