Published in Mint on 5 January, 2016, Written by Abhishek Bondia I was told that I can reduce my tax outgo if I were to do a preventive health check up. Is this correct? —T.P. Das The income tax rules allow for deduction under section 80D of Income-tax Act, 1961 for preventive health check-up. The […]
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Contents of a house, including furniture, can be insured
Published in Mint on 2 February, 2016, Written by Abhishek Bondia Is there an insurance that can be taken for a pet’s healthcare? —Kunal Rudranath Policies to cover medical expenditure to treat a pet are not prevalent. Some insurers offer insurance for pets, such as dogs, to cover their life. So, if the dog dies […]
Protection decision comes before investment decision
Published in Mint on Jan 02 2016 Money conversations usually start and end with where to invest. But did you know that before the investment decision comes the protection decision. Reason is simple. You create assets out of current income and savings. If some harm were to come to those assets, you will have to […]
Customer Orientation Needed
Increasing coverage and higher acceptability among masses, insurance is still not a fully understood financial product resulting in over or under insurance, improper product selection and poor penetration. Further, mis-selling by agents is still rampant despite companies taking steps to stop such practice. To get the status of the industry in changing business environment, Rahul Trivedi, Senior Reporter, Money Mantra, […]
Installing CNG kit in diesel car attracts additional premium
Published in Mint on October 30th, 2013, Written by Kapil Mehta Some insurers may ask you to have the CNG kit registered on the vehicle’s RC. I plan to install compressed natural gas (CNG) system in my diesel car. My car is insured. Will the cover be enough? —Dhruv Mahajan The existing cover will not […]