Published in Mint on Nov 19 2013, Written by Kapil Mehta I have a unit-linked insurance plan (Ulip) from a private life insurer for which the annual premium is Rs.25,000. Till now I have made three annual payments. The policy period is 15 years and the premium period is 15 years as well. The fund […]
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For senior citizens, a regular health cover works better than a dedicated policy
Published in Moneycontrol Senior citizens account for nearly 50 per cent of the total deaths (5,598) caused by the novel Corona Virus Disease-related (COVID-19) in India, as on June 2 and as per the Union Health Ministry’s data. The elderly make up just 10 per cent of the country’s population. This apart, individuals with co-morbidities […]
Benefits of deep breathing, and how to enjoy them
Life is linked to the breath. The first action a newborn baby takes is to fill its lungs with air – then lets out a cry to let the world know it has arrived! Indeed from that point, one breathes every few seconds and continues to breathe as long as one is alive. Breathing is an involuntary activity that people usually don’t think about. But breathing deeply and correctly is one of the most important actioLife is linked to the breath. The first action a newborn baby takes is to fill its lungs with air – then lets out a cry to let the world know it has arrived! Indeed from that point, one breathes every few seconds and continues to breathe as long as one is alive. Breathing is an involuntary activity that people usually don’t think about. But breathing deeply and correctly is one of the most important actions one can teach oneself, and it is well worth learning.
Many positives for the insurance sector from the Budget
Published in Moneycontrol on Jul 18, 2019, written by Abhishek Bondia. On July 5, 2019, when the Finance Minister presented the budget, she was unambiguous in positioning the insurance sector as a critical route to integrating India with the global financial system. She showed her intent of investing in long-term measures such as inviting top […]
Endowment plan charges are generally high in the early years, and surrender value low
Published in Mint on 25th September 2017. Written by Abhishek Bondia How is the surrender value of a policy calculated? I have an endowment plan that I bought about 15 years back. I had paid premiums for 3 years and then stopped. The premium amount was about Rs8,000 per annum. Can I surrender now and […]
It is more cost-effective to buy individual term plans
Published in Mint on 17th July 2017. Written by Abhishek Bondia My husband and I are less than 35 years old and both of us contribute equally to the household. We have two children, both under 10 years. Is it possible that we buy a joint life insurance policy, so that if anything happens to […]
Top-9-healthy-habits
1. STRIKE A POSE While many devotees cite the benefits of their chosen form of yoga – weight loss, better sleep, increased energy – there has been little research to support this. However, a Boston University School of Medicine study found that regular yoga sessions help decrease anxiety and stress levels. The catch? The participants […]
When past performance is an indicator to the future
Published in Mint on 20th September,2017. Written by Kapil Mehta. Never judge a book by its cover. Never judge insurance just by price. Equally important is an insurer’s claims payment and complaint handling ability. Every claim or complaint is different so it is impossible to predict an insurer’s specific response. But this is one […]
Coverage is immediately applicable in term life insurance
Published in Mint on 7th August, 2017. Written by Abhishek Bondia My brother-in-law had bought a term plan insurance on the 1 July 2017. All formalities had been completed and the policy had been accepted by the insurer. However, the policy document had not reached us yet and sadly on 14 July 2017, he passed […]
In insurance parlance, burglary and theft are not the same
Published in Mint on, December 24 2013, Written by Kapil Mehta Which is better—an individual policy or a family floater plan and why? —Amit Family floater plans are best if both spouses have almost similar age and are in good health. Typically, family floater insurance is priced based on the eldest person’s age. If other members […]