Published in Mint on 17th May, 2017. Written by Kapil Mehta A few weeks ago, the Insurance Regulatory and Development Authority of India (Irdai) released market research on the insurance industry. The study, conducted by the National Council of Applied Economic Research (NCAER), covered 30,200 households across the country. Considerable thought has gone into making […]
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If insurance nominee is a minor, you need to name an appointee as well
Published in Mint on August 20th, 2013, Written by Kapil Mehta What’s premium waiver benefit? —Shakti Menon Premium waiver benefit is an excellent feature offered in many child insurance plans. If the insured parent dies, then the requirement to pay premiums for the remaining policy term is waived off. Instead the insurer pays the premium […]
4 insurance policies that doctors must take
Published in Moneycontrol. Written by Abhishek Bondia. My grandfather once told me that it was not money that added to a doctor’s wealth, but the good wishes from patients. Medicine, in his view, was to be seen as a noble profession not to be equated with a commercial enterprise. Fast forward twenty-five years, and the […]
Cap on exit penalties for traditional plans
Published in Mint on 9th October, 2017. High exit penalties on Ulips added to insurance companies’ profits, till they were capped. However, they still exist for traditional insurance plans. We asks the experts if exit loads on traditional plans too need to be capped. Sanket Kawatkar, principal and consulting actuary, life insurance (India), Milliman India […]
7 signs of burnout … and 3 coping strategies!
7 signs of burnout … and 3 coping strategies! Ritu was a highly motivated, outgoing person who was sought out by everybody at work. She was always ready to help anyone who needed assistance, and usually the first one to take on any new projects and volunteering assignments available. However a year after starting her […]
Distribution Landscape Set To Change Dramatically
Published in Business Word on 7th November 2017 In this interview, Kapil Mehta speaks to BW Businessworld on SecureNow’s business model and growth plans, emerging trends in the insurance space in India, and the challenges of an evolving Health Insurance landscape Kapil, what led you to leave a successful corporate career as the CEO of […]
No waiting period for accidental injuries
Published in Mint on May 14 2017, Written by Abhishek Bondia I am presently working in Muscat and planning to move to India by July. My daughter met with an accident in Muscat and is currently undergoing treatment in India. My present company is paying the medical expenses after I submit the bills. As I […]
Sum assured of term plan can’t be increased during renewal
Published in Mint on December 18th, 2013. Written by Kapil Mehta. You cannot increase the sum assured during renewal but can always buy an additional or new plan I want to buy a Rs.1 crore term plan. How should I go about it? Also, can I increase the sum assured at the time of renewal? […]
Ethical Dilemmas in Insurance
Published by the Financial Planning Standards Board India in their April-May 2013 issue Sophie’s Choice, an award winning movie produced in 1982, beautifully portrays the difficulties and dilemmas in certain decisions. Sophie and her two children are imprisoned in a Nazi war camp. Sophie is told that one of her children can live and the […]
Does regulator allows partial settlement of maturity payouts for all Ulips
Published in LiveMint. Addressing the operational constraints arising out of the country-wide lockdown and the market volatility due to COVID-19, the insurance regulator has allowed life insurers to offer settlement options in accordance with Regulation 25 of IRDA (linked insurance products) Regulation, 2013 for matured Ulips whose fund value is to be paid in lumpsum. […]