Published in Mint on 19th May 2018. In between all the shopping for your next holiday abroad, don’t forget to take adequate travel insurance along with you. You get a travel insurance cover for both domestic as well as international trip. It is important to get an insurance cover for international trip as a medical […]
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Three tasks before the new insurance regulator
Published in Mint on 3rd May 2018 The Insurance Regulatory and Development Authority of India (Irdai) has got a new chairman: Subhash Chandra Khuntia, a former chief secretary to the Karnataka government. He will succeed T.S. Vijayan, who retired in February. Khuntia has his work cut out both in the life and the non-life space. […]
Four reasons why Indians buy such little general insurance
Published in Mint on 16th April, 2018. Written by Kapil Mehta. Insurance penetration in India is low, particularly for general insurance, which includes motor, health, property and liability covers. We buy about Rs750 of general insurance per person per year compared to over Rs6,500 in Russia, China or Brazil, according to a report by the International […]
High Court pushes for clean health insurance
Published in Mint on 6th March, 2018. The fuzziness in drafting exclusionary clauses has made buying a health insurance policy a risk in itself in India. Vague, broad-based definitions and interpretation of clauses can leave you with a policy but no real cover. But now it’s time for a clean-up. In a 26 February 2018 […]
Budget 2018: Merging state-run general insurance companies for better valuation
Published in Mint on 2nd February, 2018. The Budget 2018 announced the merger of three state-run general insurance companies: National Insurance Co. Ltd, United India Insurance Co. Ltd and Oriental India Insurance Co. Ltd; before listing them on the stock exchanges as a part of its disinvestment programme. New India Assurance Co. Ltd, the fourth […]
SecureNow places a Solar Module Performance Warranty Insurance In India
Delhi, December 17, 2017: SecureNow Insurance Broker (SecureNow) in collaboration with a leading general insurance company has issued a first-of-its-kind Solar Module Performance Warranty (SMPW) Insurance in India. The said product is an added measure of protection for the panel warranties which a panel manufacturer (OEM) with the help of an insurer offers to its […]
Knowing the purpose of insurance
Published in Mint on 15th January, 2018. Written by Kapil Mehta. Last week, I received a new year’s Whatsapp greeting from Kalu. He was a poor worker who had been insured through a Trust that bought health insurance from us 4 years ago. I remember Kalu’s case well. For the first 4 months of that […]
It is possible for legal guardians of step children to buy life insurance for them
Published in Mint on 15th January 2018. Written by Abhishek Bondia Can I buy life insurance policies for my stepchildren too? —Jayanat Baliga Yes, you can buy life insurance for your stepchildren. The legal relationship between the proposer and the insured is relevant for the insurer. You need to establish that you are the legal […]
Should insurance give or take away your money?
Published in Mint on 9th January, 2018. Last month two important news items broke in the life insurance space. One was about misselling in the and the other was about consumer losing money due to high exit penalties. The case of misselling was reported on thewire.in. It said Rajasthan Police is investigating a case where bank […]
What Is the Right Time to Buy Architect Professional Liability Insurance?
The answer is—Before you start working on any project. Read on to know what the policy entails. The decision to purchase architect professional liability Insurance is indeed a watershed moment for most of the architects and young companies. It also means that the company has grabbed a project on a high scale or a significant […]