Published in Mint on 20 October, 2015, Written by Abhishek Bondia What does one get if she survives the term of the policy? —Karthika In case of a typical term insurance policy, the survivor does not get any benefit on expiry of the policy term. A term insurance policy is a protection plan. So, if […]
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Four reasons why Indians buy such little general insurance
Published in Mint on 16th April, 2018. Written by Kapil Mehta. Insurance penetration in India is low, particularly for general insurance, which includes motor, health, property and liability covers. We buy about Rs750 of general insurance per person per year compared to over Rs6,500 in Russia, China or Brazil, according to a report by the International […]
Insurers don’t prefer to cover houses that have basements
Published in Mint on 27 October, 2015, Written by Abhishek Bondia Which documents are needed to make a motor insurance claim? — Kishore Chanani For minor repairs, you need to submit the invoice copy of repairs and Know-Your-Customer (KYC) documents such as permanent account number (PAN), address proof and registration certificate (RC) of the vehicle. […]
Sum assured of riders and extent of cover tends to be less than in standalone policies
Published in Mint on 8th April 2018. Written by Abhishek Bondia. Should I buy a term plan with riders, or should I buy all the insurance separately? Buying a combined product is convenient. If I take different covers, it means more work. —Rahul Sethi A life insurance policy offers several riders such as critical illness, […]
Term insurance policies provide worldwide coverage
Published in Mint on 3 November, 2015, Written by Abhishek Bondia Does a term plan have worldwide coverage? —R. Kurien Term insurance has worldwide coverage. However, while underwriting, insurers make an assessment of risk. Generally, if you have travelled to certain high-risk zones, they will reject your application. My view is that you should give […]
5 Ways To Treat Muscle Knots
We often here the term ‘muscle knot’, but what exactly this mean? Is your muscle really get tied in knots? No, not really. Muscle knot is basically a lumpy spot in the muscle or fascial tissue also known as known as myofascial trigger points. This happens when various muscle fiber starts to stick each other […]
5 Ways to Boost Immune System
Our immune system does an incredible job of defending you against the disease-causing bacteria. Hence it is important to keep your immune system strong. Working on boosting immune system is the great way to ensure that you stay well in coming summer. In this article, we are going to discuss five ways to boost your […]
5 Health Benefits of Pumpkin
Pumpkin with a smooth, round, ribbed skin with deep yellow to orange coloration, belongs to squash family. This orange squash has various nutrients packed in it, making it a very healthy vegetable to include in the meal. We all know that pumpkin seeds are beneficial for health, but in this article, we are going to […]
All insurers cover pre-existing illness after a waiting period
Published in Mint on 24 November, 2015, Written by Abhishek Bondia My mother is 68 years old and has a mediclaim policy that is six years in running. Only one claim was made. I plan to increase the cover amount next year but with another insurer as the present insurer has hiked the premium steeply. […]
A typical term plan has no surrender benefits
Published in Mint on 1 December, 2015, Written by Abhishek Bondia What is a guaranteed reversionary bonus in a term plan? Do all life insurance covers offer this? —Rahila Quereshi A typical term plan is a death only benefit, with no survival benefits. So, the concept of bonus is not applicable in term insurance. In […]