Published in Moneycontrol. Written by Abhishek Bondia In her maiden budget speech in 2019, the finance minister’s clear focus was to leverage the insurance sector to integrate India further with the global financial system. Her 2020 budget was focused much more on domestic matters. There are two key points in the budget. LIC’s listing, a […]
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Standalone plans are available at prices similar to riders
Published in Mint on May 20 2014, Written by Kapil Mehta While buying a money-back policy, agents usually give a benefit illustration. How genuine are these? —Kamini Ghoshal When I hand a Rs.500 note to a shopkeeper, she invariably peers at it suspiciously. If she finds the right ink marks, holograms and dates, I get […]
Are life insurers equipped to sell indemnity health plans?
Published in Livemint. Last week, the Insurance Regulatory and Development Authority of India (Irdai) formed a committee to look into the feasibility of allowing life insurers to sell indemnity health plans. The payout from these plans is limited to the expenses incurred up to a predetermined sum insured. Irdai had first allowed them to sell […]
Belly Fat Reducing Exercises
How to reduce belly fat? This is the most common search on the internet and the answer to this question is simple. Having healthy diet and regular exercise can contribute in reducing the tummy fat. These two things should work hand in hand and are equally important as good nutrition combined with physical activity will […]
Top Up and Restore features enhance your covers at very low incremental costs
There are two types of medical insurance that have significant advantages. They help to enhance your cover without scrapping your older policies and without costing too much. The first of this type is also called a top-up policy. Suppose you have a policy that covers your family for about 5 Lakhs. You have had this […]
How is life insurance premium calculated?
Published in Economic Times. The premium that you have to pay for a life insurance policy depends on various factors like age, total coverage (sum assured), your medical history, gender, lifestyle, and job. However, the premium for the same life insurance coverage amount will vary from insurer to insurer. What is life insurance and why […]
SecureNow has won the SKOCH Order of Merit Award, 2017 – for Business Approach of Selling Commercial Insurances to Small and Medium Enterprises
The Skoch Award is distinctive for its approach in the selection of awardees and coveted for their independence and exceptional research. The award is known to follow the most rigorous process of selection. Nominations found to be complete in all respects are put through secondary research by the Awards Secretariat. These are then recommended to […]
A Customer’s Perspective on Lapses
Published in IRDA Journal in August 2011,Written by Kapil Mehta High lapse of life insurance policies is one of the most serious issues in the Indian market place. On average about 20 per cent of policies lapse in the first year. At some companies and in some product lines lapses are much higher. When applied to […]
Risks covered under term and personal accident plans vary
Published in Mint on 17th June 2014, Written by Kapil Mehta I am 33 years old, male, married and a non-smoker. I am looking to buy a term insurance plan for Rs.1 crore. Please suggest which provider to go for. —Ankit Buy a term plan that conducts medical tests and costs the least. In your […]
Consumption of large amounts of alcohol might deny you cover
Published in Mint on 25th February 2014, Written by Kapil Mehta I will be going abroad for around seven years. I want to know whether I can pay my premiums through cheques from my account there. —Jayanti Bose Insurers generally prefer that you pay in Indian rupees. Paying in foreign currency is possible but comes […]