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. […]
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The age at which you should get health insurance and the cover size you will need
The age at which you should get health insurance and the cover size you will need It’s a common perception, and one that is probably responsible for the vastly underinsured Indian population. Health insurance, people believe, is mostly required in old age or for critical illnesses like cancer and cardiac diseases. The rise in incidence […]
New rules give insurance web aggregators a boost
Published in Mint, on 10th May 2017 Insurance Regulatory and Development Authority of India (Irdai), in a gazette notification dated 13 April, laid down the rules for insurance web aggregators: Irdai (Insurance Web Aggregators) Regulations, 2017. According to the aggregators we spoke to, these regulations do not cause any major disruption, as they mainly aim […]
Mint SecureNow Mediclaim Ratings 2018: The unchanging logic behind our ratings
Mint SecureNow Mediclaim Ratings 2018: The unchanging logic behind our ratings This is the sixth annual edition of the Mint SecureNow Mediclaim Ratings (MSMR). The pace at which the health insurance industry has progressed is extraordinary. The number of products has increased from 55 in 2015 to 107 today. Price increases within an age band […]
Medical negligence may be covered under health insurance
Published in Mint on 12th June, 2017. Written by Abhishek Bondia A friend of mine recently lost his eyesight due to medical negligence of the doctor. It made me wonder if it is possible to take an insurance policy that covers disability due to medical negligence? Are the premiums for the policy expensive? —Krishna […]
Frequent travellers should buy annual overseas travel insurance
Published in Mint on 18th March 2014, Written by Kapil Mehta How does one get an overseas mediclaim policy? Is it advisable to get one? —Nilofer Overseas mediclaim is meant for Indian residents who travel for short periods abroad. A variant covers Indian students studying overseas. It’s an absolute must-have because medical treatment overseas is […]
The Mint SecureNow Mediclaim Ratings (MSMR) 2019 : An Increase in A-rated Products
The Mint SecureNow Mediclaim Ratings (MSMR) 2019: An Increase in A-rated Products The Mint SecureNow Mediclaim Ratings (MSMR) have been painstakingly put together each year, for the past 6 years, by a joint Mint-SecureNow team. Months of effort go into collating and validating the data and, over the years, MSMR’s scope has steadily increased. There […]
10 Powerful Bodyweight Exercises for Strength and Speed
Getting in shape without access to a gym or any fancy equipment is totally doable. In fact, bodyweight exercises can not only build muscle and burn fat, they’ve been shown to improve athletic performance and build speed and power, too 1. Reverse Lunge Knee Up: Begin by standing on one foot (think Karate Kid), then step the opposite foot backwards […]
Insurance claims for treatment trickle in, total over ₹58 lakh
Published in Livemint. It’s only a trickle so far, but health insurance companies have started receiving claims from covid-19 patients after the government allowed private hospitals to treat the disease last week. According to data compiled by the General Insurance Council, an industry body for non-life companies, as on 30 March, the insurance sector has […]
Car vandalized after being stolen will be covered under ‘own’ damage insurance
Published in Mint on May 01, 2017, Written by Abhishek Bondia Recently my car was stolen while it was parked outside the house. While the police were able to locate it about 10 km from where I stay, the car had been smashed against a tree and was badly damaged. Will this damage be covered […]