Published in Mint on 12th March 2018. Written by Abhishek Bondia My father is 58 years old. He had term insurance with a policy term till 60 years of age. Last year he suffered an accident and has been hospitalized since then. The doctors are now saying that he is brain dead. Can we file […]
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Save tax under section 80D on preventive health check ups
Published in Mint on 5 January, 2016, Written by Abhishek Bondia I was told that I can reduce my tax outgo if I were to do a preventive health check up. Is this correct? —T.P. Das The income tax rules allow for deduction under section 80D of Income-tax Act, 1961 for preventive health check-up. The […]
High Court pushes for clean health insurance
Published in Mint on 6th March, 2018. The fuzziness in drafting exclusionary clauses has made buying a health insurance policy a risk in itself in India. Vague, broad-based definitions and interpretation of clauses can leave you with a policy but no real cover. But now it’s time for a clean-up. In a 26 February 2018 […]
Independent term plans are more flexible than joint plans
Published in Mint on 12 January, 2016, Written by Abhishek Bondia I have a company life cover of Rs.65 lakh, which will increase as I gain seniority in the organisation. I recently got married. Do I need to buy a term cover? —Rahul Khatri You should always own your own personal term insurance, independent of […]
Before insuring expensive jewellery, insurers get it inspected by independent valuers
Published in Mint on 5th March 2018. Written by Abhishek Bondia I bought jewellery worth Rs25 lakh from a reputed jeweller about 3 years ago. I want to get this insured. How will this jewellery be valued? Will it be valued on the tag price or will the insurer get them valued? I have heard […]
Get changes made during policy term endorsed in the insurance
Published in Mint on 19 January, 2016, Written by Abhishek Bondia I have a motor insurance policy. If I install a car stereo during the policy period, will that be covered? —Martin D’mello Changes during the policy term have to be endorsed in the insurance. For example, if you install a stereo, then you need […]
5 Health Benefits of Plant Based Diet
With many people switching to a plant-based diet, there is a lot of buzz about changing diet patterns to a plant-based one. So, what exactly is a plant-based diet? The answer to this is a diet based on food extracted from the plant. This diet consists of vegetables, whole grains, legumes, nuts, and fruits and […]
Choose a life cover based on your investment horizon
Published in Mint on 26 January, 2016, Written by Abhishek Bondia I am considering to invest money in a start-up. I am advised to buy a Keyman insurance. How does it work? —Pankaj Shailendra In an early stage firm, success depends upon the founders. If they die your investment can be wiped out. That’s why […]
5 Exercises To Prevent Arthritis
Arthritis is the medical condition causing inflammation in the joints causing pain and stiffness. Basically, arthritis occurs to those falling in age group of above 40 years. But nowadays, it is also occurring to the individual falling in age group of 25 to 40. Arthritis pain and stiffness sets in when the rubbery cushion between […]
Contents of a house, including furniture, can be insured
Published in Mint on 2 February, 2016, Written by Abhishek Bondia Is there an insurance that can be taken for a pet’s healthcare? —Kunal Rudranath Policies to cover medical expenditure to treat a pet are not prevalent. Some insurers offer insurance for pets, such as dogs, to cover their life. So, if the dog dies […]