Published in Economic Times. Written by Davinder Singh. There are two types of health insurance covers: indemnity and defined benefit plans. In an indemnity plan, you can claim reimbursement of actual expenses incurred up to the amount insured for specified illnesses as per the terms and conditions of the policy. In a defined benefit insurance […]
Media
Nominees can file life insurance claims even if beneficiaries of the policy are no more
Published in Mint on May 21, 2017, Written by Abhishek Bondia. My brother had bought a term plan on his life for Rs1 crore (more than 4 years ago). He had a wife and 2 children who were the beneficiaries. Both children were below 7 years of age. As his children were very young, I […]
What consumers can learn from penalties on insurers
Published in Mint on 3rd December,2014, Written by Kapil Mehta Last week, a columnist for this paper wrote about “One tight slap”. Her contention was that no provocation could justify slapping a child. I couldn’t help chuckle when I read the phrase. While most of us are peace loving folks, there are situations when we […]
Policy can be activated by paying during reinstatement period
Written by Kapil Mehta and published in Mint in December 2013 Under what circumstances can a life insurance company refuse to pay insurance proceeds? —Namrata N. Insurance proceeds are paid on maturity of the policy or on death of the policyholder. Most often, refusal to make a payment takes place in case of death rather […]
Indemnity principle doesn’t apply to life insurance since loss is not quantifiable
Published in Livemint. Written by Abhishek Bondia I have two term policies with sums assured of ₹20 lakh and of ₹30 lakh. They are from two different insurers. I also have a money-back policy of ₹10 lakh. If a claim was to be made, would all three policies be enforceable? —Manish Jalan Yes, they will […]
BW Businessworld Life Insurance Summit 2017 | ‘Trust Deficit Is The Greatest Challenge In Insurance Distribution’
Published in Business World, on 28th April 2017 Vighnesh Shahane, CEO, IDBI Federal Life Insurance, Kapil Mehta, Founder & EO, SecureNow Insurance Brokers, Shirish Pathak, CEO, Fintelekt and Nilesh Parmar, COO, Edelweiss Tokio Life Insurance shared the stage for the panel discussion on nurturing a healthy distribution ecosystem. Aniruddha Bose inaugurated the discussion by asking […]
Increasing incidence of breast cancer
Incidents of breast cancer have been increasing in Delhi, with the city having one of the highest rates of breast cancer in India. Factors such as delayed childbearing, lack of breast cancer awareness, and limited access to early detection and treatment may be contributing to the trend. Additionally, environmental pollution and a high-stress lifestyle may […]
The Art of Napping
Source: Wall Street Journal There’s an art to napping. Studies have found different benefits—and detriments—to a nap’s timing, duration and even effect on different people, depending on one’s age and possibly genetics. “Naps are actually more complicated than we realize,” said David Dinges, a sleep scientist at the University of Pennsylvania’s Perelman School of Medicine. […]
India: Most are aware of health insurance, but lack knowledge
Published in Asia Insurance Review, on 18th May 2017 Awareness of health insurance among Indians is around 70%, but there remains poor understanding of what goes into health insurance, according to a survey commissioned by IRDAI. The study, conducted by the National Council of Applied Economic Research (NCAER), shows that fewer than 50% understood the […]
Exercises that Boost Your Immune System
The most important preventative to illness is your immune system, and keeping it in top form is a priority for many people. Studies have shown that one of the best ways this can be done is through exercise. Here are some examples of which exercises work best and how they benefit your immune system. Walking […]