Published in Mint on 14th June 2018. Written by Kapil Mehta About seven years ago, a 65-year-old gentleman visited me. After paying premium for eight years, he had been informed that his medical insurance would not be renewed. Despite having read the contract, he missed noticing the clause that restricted the maximum age to 65. […]
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Cumulative bonus under motor insurance is limited to 50%
Published in Mint on 2 June, 2015, Written by Abhishek Bondia In case of vehicle insurance, the insurers give a no-claim bonus, thus reducing the premium payable amount, provided there are no claims in the preceding year. However, in the case of medical insurance, there is no such incentive for the customers. Why is that? […]
Select a life insurer with at least 85% claim settlement ratio
Published in Mint on 9 June, 2015, Written by Abhishek Bondia Is there a life cover wherein I can get money during the tenor of the policy? How does it work? —Vineet Goyal There are life insurance policies that pay money during the tenor of the policy. Such plans are generally called “cash-back” or “money-back” […]
Health Benefits of Green Peas
Green peas, also known as Matar in India, belong to the common bean family and is used in diet around the world. Green peas are tiny spherical seeds but they are packed with a lot of nutrients and protein. Most of the people think that these inexpensive peas are just used for garnishing the platter, […]
Not declaring pre-existing illness will be considered fraud
Published in Mint on 16 June, 2015, Written by Abhishek Bondia I am 32 years old. I had a high blood pressure (BP) problem six months ago. Since then I have been under medication and have brought it under control. Is it mandatory to mention this while purchasing a health policy? If mentioned, will the […]
Top 5 Exercise For Your Shoulder
Shoulders are the most important part of the body as it is responsible for the rotational movement of our hand. Due to shoulders, we are able to lift heavy things, do manual labour work, perform household chores etc. It is therefore important to train these muscles well, as weakness in these muscles can lead to […]
Health cover should be equal to 50% of your annual income
Published in Mint on 30 June, 2015, Written by Abhishek Bondia If I have two separate accident policies from two insurance companies, in case of an accident can I claim from both? —Shibani Bose Unlike a motor insurance, accident insurance is a fixed benefit policy. The former is indemnity-based insurance. Indemnity policies have an in-built […]
5 Tips to Detox Your Liver
Liver is the most important organ of the human body as it is responsible for various functions of body such as making protein and blood clotting factors, filtering blood stream and metabolizing many toxins. Hence it is important to ensure that your liver is functioning properly so as to keep your body healthy and toxin-free. […]
Term plans most economical way to get life insurance
Published in Mint on 14 July, 2015, Written by Abhishek Bondia I will be shifting to the UK in another five months. I already have a life insurance policy from a private insurer in India and have been paying the premiums. Do I need to take a new policy in the UK or will this […]
Public liability policy gets triggered only after insured person gets a legal notice
Published in Mint on 4th June 2018. Written by Abhishek Bondia. I live on the third floor of a DDA flat in New Delhi. Recently one of the pots that I keep on my terrace fell down on the second floor. Though no one was hurt, my neighbor on the second floor is alleging that […]