Published in Mint on 18th June, 2017. Written by Abhishek Bondia My husband works in Qatar as a doctor and has an insurance policy bought in India. Will the company honour the claim if he happens to die in a war zone? —Adilah Kazmi A life insurance policy issued in India covers death anywhere. Suicide […]
Media
Key reasons why you shouldn’t ignore a critical illness policy
Published in MoneyControl on 4th Feb 2019. Written by Abhishek Bondia. At 49, Subhash suffered a major heart attack. His arteries had over 90 percent blockage. He underwent bypass heart surgery and then recovered fully. This was a huge shock for the extended family. A teetotaler, vegetarian, and non-smoker, Subhash was free from major vices […]
The significance of the humble insurance proposal form
Published in Mint on 16th October, 2017. Written by Kapil Mehta Buying insurance requires considerable paperwork. Brochures and key-feature documents need to be read, illustrations and declarations signed, and financial and Know Your Customer information submitted. The most important document, however, is the humble proposal form. This proposal form comes in different shapes and sizes. […]
Insurance companies may raise premiums if your BMI increases
Published in Mint on 5th July, 2017. Written by Abhishek Bondia Are there any life insurance plans that cover people suffering from obesity? —David L. Obesity is not necessarily excluded in life insurance. However, as your Body Mass Index (BMI) increases, insurers tend to raise premiums. The extent of increase depends upon several factors including […]
Dignity, independence, insurance
Published in Mint on 19th June, 2017. Written by Kapil Mehta Her body lay unclaimed for 48 hours. The children had brought her, in failing health, to the hospital. After 5 days of intensive medical care, she died and her family could not afford the Rs50,000 hospital bill. Somebody did, finally, step in to pay […]
Opinion | Before changing jobs, check insurance policies the employer provides
Published in Livemint. Written by Kapil Mehta. A candidate who had come for a job interview grilled me for 20 minutes when I asked if he had any questions about our company. This was justified. Changing jobs is such an important decision that you should clarify as much as possible before accepting an offer. Most […]
Buying insurance online is safe but read all the features before opting for one
Published in Mint on March 14 2017, Written by Abhishek Bondia I have been getting a lot of promotional emails from various online portals, telling me about lucrative life insurance plans. How reliable is buying a plan online? What should I keep in mind before purchasing any life insurance plans online? —Lavanya Rao A standard […]
Three changes in health insurance from Oct 1 that will help policy holders
Published in Economic Times. Written by Chandan D. S. Dang The Insurance Regulatory and Development Authority of India (IRDAI) issued three new guidelines in June 2020 to insurers offering health insurance products. These guidelines require insurance companies to make three changes in their policies and functioning to make health insurance more consumer-friendly. The changes are: […]
Do not mix investment and protection: term insurance is for your family, if you die early
Published in Mint on 16th October 2017. Written by Abhishek Bondia We bought term insurance 3 years ago with a sum assured of Rs10 lakh. Since then, we have made more investments in mutual funds and the net asset value (NAV) of our units is already more than Rs10 lakh. The premium we spend on […]
Buy a home insurance policy that pays actual cost of repairs
Published in Mint on 28th August, 2017. Written by Abhishek Bondia I am looking to buy home insurance for my apartment. If I buy a long-term policy (10 years) now, will the rates be locked-in for the period, regardless of increase in premium for renewals? —Harpal Khanna Yes. If you buy a long-term policy, premium […]