Published in Mint on 7th Oct 2014, Written by Abhishek Bondia I am a 32-year-old married male, and have a daughter. I earn Rs.15 lakh a year. I plan on buying a term cover. I am a regular smoker and drink occasionally. How much death cover do you think I should buy? Also, will I […]
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NRIs can take life insurance from Indian insurance firms
Published in Mint on 21st Oct 2014, Written by Abhishek Bondia A life term policy was taken in 2002 and premium was consistently paid till 2013. In 2014, premium, due in February, was missed. In September, the policy was revived by making the premium payment for 2014 without any penalty or questions asked with the […]
Insurer can’t increase premium due to past claims
Published in Mint on 28th Oct 2014, Written by Abhishek Bondia My mother is 64 years old and has a mediclaim policy which is seven years in running. There has only been one claim made this year. I plan to increase the cover amount next year and port to another insurer as the present insurer […]
Surrender value depends on the type of insurance bought
Published in Mint on 4th Nov 2014, Written by Abhishek Bondia How does one go about renewing a life insurance policy online? —Rehmat Amir Each insurer has its own process for renewal. Not all insurers provide an online renewal option. A few insurers have a simple process. They ask for the policy number and date […]
Insomnia: A Battle Against Wakefulness
It’s high time to re-frame our approach to sleep because it is the first thing we sacrifice when our life gets busy. Getting enough sleep is quintessential to improve our quality of life. Stress, age, the fast-paced living are several factors that trigger insomnia. In order to deal with insomnia, try to maintain the healthy […]
Life cover does not have the flexibility to add dependants
Published in Mint on 18th Nov 2015, Written by Abhishek Bondia I want to extend my life insurance cover to include my wife. Would it just be better to get another plan instead? —Nandan Kishore Yes, buy a separate insurance policy for your wife. Typically, a life insurance plan does not have the flexibility to […]
5 Ways To Enrich Your Life
Nowadays it has become so difficult to come to know oneself as our lives are partly a story of ambiguity. Life is full of stress, frustration and discontent. We do very little to make ourselves happy and content. Mindfulness is one way to solve the ambiguity and helps us find the landscape of happiness. This […]
Annuity from pension plans is treated as income and taxed
Published in Mint on 16th 2014, Written by Abhishek Bondia I will turn 27 next year; my mother has told me that I should get myself a life insurance plan. What are the benefits of buying a policy early in life? —Karthik There are several advantages to buying life insurance early. First, the rates are […]
5 Health Benefits Of Coffee
Coffee is a social drink. Some drink it as an energy booster, others just enjoy savouring its taste. Coffee is prepared from roasted coffee beans which provide the small amount of minerals and vitamins. It is the powerhouse of Antioxidants. Coffee is becoming more popular each passing day because of its nutritional value. It should […]
Policy can be revived by restarting premium payment
Published in Mint on 30th Dec 2015, Written by Abhishek Bondia I missed paying premium for a few months. Can I start paying again? Would there be any charges? —Jayashankar If you do not pay renewal premium within the grace period after the due date, the policy lapses. You can revive your policy by restarting […]