Sidebar_image1 Sidebar_image1 Sidebar_image1
1 3 2 4 5 6
Sidebar_image1 Sidebar_image1 Sidebar_image1

Health cover should be at least 50% of your annual income

Published in Mint on 6th Jan 2015, Written by Abhishek Bondia How much insurance is needed to cover my entire family? —Danish The right amount of coverage depends on the kind of hospitals you prefer, age and health conditions of your family members. Healthcare costs vary significantly by hospital and the facilities opted in a […]

Read More

Life insurance can be cancelled within 15 days of receipt

Published in Mint on 13th Jan 2015, Written by Abhishek Bondia I wanted to buy term insurance of Rs.2 crore and paid a premium of Rs.16,606. But after the medical check-up, the insurer increased the premium by Rs.8,938. To my surprise, they cited the reason as tobacco consumption, which I have never done in my […]

Read More

Life cover should be 10 times a person’s annual income

Published in Mint on 27th Jan 2015, Written by Abhishek Bondia I cannot afford the life cover I require. Can I do anything to lower the cost? —Rakesh Gulati It is advisable to take a life cover that’s 10 times a person’s annual income. For a 30-year-old, the premium works out to be less than […]

Read More

A life cover above Rs.15 lakh usually requires a medical test

Published in Mint on 24th Feb 2015, Written by Abhishek Bondia My insurance policy says that charges will be deducted from the fund. How does this work? —Pulkit Chandra Your unit-linked fund value is estimated as number of units multiplied by the unit value. Unit values are updated each day by insurers. The way in […]

Read More

Growth option in Ulips suitable for younger policyholders

Published in Mint on 17th March 2015, Written by Abhishek Bondia What is the ideal duration of a term insurance policy? —Harish Sathe A term life insurance policy should be taken to cover the prime income generating years of an individual. Death in these years causes the dependants of the individual major loss in terms […]

Read More

Fuzzy logic in health cover contracts

Published in Mint on 23rd June,2014, Written by Kapil Mehta Insurance contracts are one-sided. You see it after paying and completing your medical tests. There is little you can do to change the contract. Last year, the Insurance Regulatory and Development Authority (Irda) standardized definitions for several diseases and terms in health insurance contracts. This […]

Read More

Investment products came first, and then protection

Published in Mint on 3rd September, 2014,Written by Kapil Mehta Eight years ago, I interviewed with a US insurer to build their business in India. Walking into their headquarters was an eye opener. Every person I met had spent two to three decades in insurance and with one company. Insurance is a business that demands […]

Read More

Growth (and its challenges) at SecureNow

Published in IBEF on 18th December,2014, Written by Kapil Mehta We founded SecureNow, an insurance broking firm, selling insurances to companies three years ago. In our first year we sold insurance worth Rs 1 crore, in the second year we touched Rs 5 crore and Rs 15 crore in the third year. This scorching growth […]

Read More