Published in Mint on Apr 05 2016, Written by Abhishek Bondia Are there circumstances under which a life insurance company might refuse to pay for claims? —Ayush Khatri One exclusion allowed in a life insurance contract is suicide in the first policy year. Apart from this, the insurer can deny a claim if there has […]
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Life insurers selling policies that die early
Published in Mint on Apr 19 2016 What are the chances that a poorly understood and badly sold life insurance policy will run its course? Pretty slim, according to the life insurance industry experience in India. Poor selling practices—long-term policies being sold as short-term policies, lack of communication of policy benefits, poor understanding of costs, […]
Getting under the hood of motor insurance
Published in Mint on Apr 13 2016, Written by Kapil Mehta The most frequent insurance claims in India relate to motor accidents. Over 10,000 motor insurance claims are filed every day; in larger cities there are over 1,000 claims a day. The good news, if you can think of it like that, is that a […]
First goals, and then products
Published in Mint on Mar 07 2016 The basics of financial planning don’t change for women investors. Setting financial goals, discovering your risk appetite and finding products that are in line with your comfort and your goals continue to be the cornerstones of financial planning. The products remain the same, but some have added benefits […]
Healthy Diet- 8 Super Foods You Should Eat Every Day
While the old adage “you are what you eat” is only partially true — you are also what your genetics predisposes you to be — what we put into our bodies clearly does have an impact on our health and overall well-being. And while some diets may promise a magic bullet to healthier aging, there […]
Typical home insurance policy does not cover cost of land
Published in Mint on March 29 2016, Written by Abhishek Bondia Is health insurance valid when one is on foreign travel? I’m taking my grandparents on holiday across Europe in another three months. They are medically covered. If something happens when we are abroad, what is the process of facilitating medical insurance? —Akshara Purakayastha A […]
Buying single life plan is more cost effective than a joint policy
Published in Mint on March 22 2016, Written by Abhishek Bondia Will claims be given in suicide cases? If not, are there are any exceptional clauses under which suicide cases will be considered? —Harish Nair Suicide is a standard exclusion for the first year in all individual term life insurance policies. After the first year […]
Maternity costs are a standard exclusion in most health covers
Published in Mint on March 15 2016, Written by Abhishek Bondia My car has a dent on one side. My car insurance is due for renewal next month and when the surveyors came to check my car, they denied insurance saying that I need to get the dent fixed first as I might ask for […]
Eating in small portions
It used to be thought that three meals a day were better for you. In fact, most health experts even recommended against snacking as they felt that it promoted overeating and weight gain. However, experts are now finding just the opposite to be true. Research suggests that consuming several mini-meals throughout the day can give […]
Insurers don’t classify smokers based on smoking intensity
Published in Mint on, March 9 2016, Written by Abhishek Bondia My father bought some policies on the suggestion of an agent who claimed to be a financial adviser from the Insurance Regulatory and Development Authority of India (Irdai). He said these policies are just one-time investments and took a total of Rs.6.16 lakh. He […]