Published in Moneycontrol. Recently, the Insurance Regulatory Development Authority of India (IRDAI) allowed health insurance policy holders to choose their third party administrator (TPA) while buying the cover or at the time of renewal. This move empowers the consumer and, at the same time, underlines the importance of the TPA in the process of claims […]
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The difficulty in rating health insurance products
Published in Mint on 11th January,2015 , Written by Kapil Mehta Two years ago when Mint discussed rating individual health insurance products, I readily agreed. The idea was compelling. And how difficult could it be to put this together? Well, we underestimated the task. There are 26 insurers, offering about 50 health insurance products, over 300 […]
Your insurance may not pay for significant part of hospital treatment for coronavirus
Published in Economic Times A mediclaim-type health insurance policy generally does not cover the cost of most consumables used in the treatment of a disease or condition in a hospital. In a pre-coronavirus world, that was not a big problem. However, that is not the case now. The number and cost of consumables used in […]
As insurance payouts rise, so could your premiums
Published in Mint, on 10th April 2017 From this financial year, your insurance agent is eligible to get a higher payout for selling you a policy, but did you know that this may increase your premium as well? Last month, the Insurance Regulatory and Development Authority of India (Irdai) in a series of circulars has […]
Should you consider protecting your business with cyber insurance?
Published in Cafemutual on 7th April,2017 With the increase in online transactions and use of technology to manage confidential data comes the risk of cyber threats underlining the need of having cyber insurance policies. So, it is not surprising that companies and individuals with technology related operations and large quantity of customer data are now […]
Buy different products for protection and retirement needs
Published in Mint on May 06 2014, Written by Kapil Mehta I am 37 years old old and I want to buy a term insurance plan. At the same time, I want to secure my post-retirement life. My take-home salary is not more than Rs. 24,000 per month. Which term plan would be best for me […]
Opinion | A well-designed insurance plan can lower the chances of claim rejection
Published in Livemint. Written by Kapil Mehta Last week I walked past an office that displayed a large, attractive poster, advocating “Say No to Single-Use Plastic”, printed on single-use plastic. Such thoughtlessness is pervasive but if it takes place in insurance, the impact can be significant. That’s because insurance is not a tangible product but […]
Sub-limits are critical to evaluate in health insurance
Published in Mint on November 27th, 2013, Written by Kapil Mehta Recently my car collided with a bike, due to which the person on the bike and I, both got injured. I have a comprehensive car insurance policy of Rs.6 lakh, which covers my own damage as well. I want to know how much compensation […]
24-hour hospitalisation must for availing of maternity insurance
Published in Mint on 2nd October 2017. Written by Abhishek Bondia. Are expenses incurred for childbirth covered under health insurance, even if the hospitalisation was for less than 24 hours? —Anandi Sharma Maternity-related treatments are generally not classified as daycare treatments. So, the minimum requirement of 24 hours of hospitalisation is a must. Typically, in […]
Life insurers are settling more claims
Published in Mint on Feb 02 2015 According to the latest annual report published by the Insurance Regulatory Development Authority of India (Irdai), life insurance companies have done a better job of settling death claims in financial year (FY) 2014 than in FY13. In terms of the number of policies settled, 12 life insurance companies […]