Working moms have more successful daughters and more caring sons, says Harvards’ study. “When you go to work, you are helping your children understand that there are lots of opportunities for them,” as per the study. Let’s celebrate the spirit of Working Moms! Share your pictures of your motherhood moments and win a special gift […]
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Money back life insurance policy typically yield an effective return of 3% to 5%
Published in Mint on 22nd January 2018. Written by Abhishek Bondia How does one calculate the net returns from a money-back insurance policy? I was shown two sample calculations but I am not sure if these are realistic. I want to calculate on my own. —Sahil Seth The principle of estimating net returns is to […]
Buy health insurance early, get price benefit
Published in Mint on Jan 27 2016 The Insurance Regulatory and Development Authority of India (Irdai) released a draft exposure on health insurance regulations on 19 January 2016, seeking to make minor changes to the existing health insurance regulations of 2013. The draft is a result of the recommendations of the insurance committee that was […]
Is claim settlement by insurers a worry?
Published in Mint on 17th January, 2018 In 2015 the rules for settling death claims for the life insurance industry changed significantly. As per the Insurance Laws (Amendment) Act, 2015, life insurance companies have to compulsorily pay all claims made 3 years after the commencement of a policy. Earlier, insurers had a 2-year window to investigate […]
Why insurance claims get rejected
Published in Mint on 21 January 2016, Written by Kapil Mehta We buy insurance expecting claims to be paid and feel bitter when that does not happen. In an ideal world, insurers would communicate terms in easy-to-follow language; buyers would take the time to read about what they are buying; documents to file a claim […]
Knowing the purpose of insurance
Published in Mint on 15th January, 2018. Written by Kapil Mehta. Last week, I received a new year’s Whatsapp greeting from Kalu. He was a poor worker who had been insured through a Trust that bought health insurance from us 4 years ago. I remember Kalu’s case well. For the first 4 months of that […]
Healthy Bites: The Benefits of Dark Green Leafy Vegetables
Do you know which color of vegetables is the most nutritious and beneficial in our food supply? Here is a hint: Studies show that Americans eat the least of this color vegetable vs. the others. The answer comes as no surprise: dark green, leafy vegetables. These vegetables provide vitamins A, C, E, and K, minerals, […]
It is possible for legal guardians of step children to buy life insurance for them
Published in Mint on 15th January 2018. Written by Abhishek Bondia Can I buy life insurance policies for my stepchildren too? —Jayanat Baliga Yes, you can buy life insurance for your stepchildren. The legal relationship between the proposer and the insured is relevant for the insurer. You need to establish that you are the legal […]
More payment for distributors sought
Published in Mint on Jan 14 2016 The Insurance Regulatory and Development Authority of India (Irdai) came out with a draft circular on the payment of commission to insurance agents and intermediaries on Wednesday. The Insurance Laws (Amendment) Act, 2015, gives powers to Irdai to decide remuneration structure for distributors. The draft also specified rewards […]
Should insurance give or take away your money?
Published in Mint on 9th January, 2018. Last month two important news items broke in the life insurance space. One was about misselling in the and the other was about consumer losing money due to high exit penalties. The case of misselling was reported on thewire.in. It said Rajasthan Police is investigating a case where bank […]