New products complying with these guidelines will be introduced over the next few months Published in Mint on August 7th, 2013 In the case of a life insurance policy, if the policyholder and the nominee die at the same time, who would get the claims proceeds? —John Wilson The short answer is the legal heirs […]
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Insurers usually check for insurable interest at time of claim, not when issuing a policy
Published in Mint on 8th October,2017. Written by Abhishek Bondia. I have rented some white goods for a temporary stay in Delhi for 2 years. Is it a wise idea to get insurance for these goods, or will the renting agent do so? —Shishir Gupta To buy insurance, you must have an insurable interest. This […]
Usually, the sum assured in a term plan cannot be changed after you buy it
Published in Mint on April 23 2017, Written by Abhishek Bondia About 2 years ago, I bought a term plan for Rs1 crore, but seeing the way costs are increasing, I want to increase this to Rs2 crore. Can I enhance the same policy, or will I need to buy a new one of Rs2 […]
Five stories that make you cry, in anger and frustration
There are 3 solutions to tackle issues regarding insurance woes on a large and sustainable scale Published in Mint on 8th October, 2014,Written by Kapil Mehta Insurance inhabits two distinct worlds. In the first world it occupies, it promises concern and care; search for popular insurance advertisements anywhere in the world and you will find beautiful […]
Sum assured increase from Rs25 lakh to Rs50 lakh will not double your insurance premium
Published in Mint on April 17 2017, Written by Abhishek Bondia Why should I consider buying a high sum assured on my family health insurance plan? Would I practically need a sum assured of more than Rs5 lakh? Most hospitalizations and medical procedures cost much less. For example, a cataract operation does not cost even […]
SecureNow covered in "Ordinary Indians Extraordinary Enterprise"
Write-up in “Ordinary Indians Extraordinary Enterprise
Health insurance for Coronavirus: Eight important queries answered
Published in Moneycontrol. Written by Abhishek Bondia The novel Coronavirus is on top of everyone’s mind now. The number of reported cases is increasing rapidly with around 10 per cent rise over previous day’s numbers becoming common. Several large countries have reported a prevalence of more than 1400 cases for every million population. It naturally […]
Most term insurance policies do not offer surrender value
Published in Mint on 26 May 2015, Written by Abhishek Bondia How should one decide the tenor of a life insurance policy? —Deepti Kumar The tenor of a life insurance policy should be based on the underlying goal. For instance, in case of a term insurance plan, the goal is to replace income flow. So, […]
Workshop on Risk Management for manufacturing companies
Published in Unison Times SecureNow Insurance Broker in association with FICCI-CMSME, organized a workshop on Risk Management on the February 22, 2017 at FICCI House, New Delhi. FICCI is a highly regarded industry body in India and its CMSME chapter focuses on small and medium enterprises. The purpose of organizing the workshop was to provide […]
Look at the claim settlement track record of insurers before choosing to buy from one
Published in Mint on April 09 2017, Written by Abhishek Bondia Some months ago, two of my office colleagues had a bereavement in their families and they filed claims for term insurance plans. From what they told me, in one case the claims process was very smooth, in the other, there were endless rounds of querying, […]