In general, the term indemnification refers to one party agreeing to or being required to cover the expenses that another party incurs. For corporates (usually corporations or companies with limited liabilities), this involves indemnifying directors and officers. This means a directors & officers liability policy provides indemnification that covers legal expenses, defense, and settlement amounts […]
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Things to note when renewing, migrating or porting covid plan
Published in Livemint. With the vaccine for covid-19 months away and the cases still on the rise, the Insurance Regulatory and Development Authority of India (Irdai) earlier this month asked insurers to allow policyholders to renew, migrate or port covid-specific health insurance schemes. Corona Rakshak and Corona Kavach plans were launched from 10 July 2020 onwards with an aim […]
Saral Jeevan Bima is simple, but is it enough to cover on offer
Published in Livemint. If you are looking to buy a pure term life insurance cover, you will soon be able to choose simply on the basis of your preferred brand and the premium or price. Making it simpler for individuals to buy a term insurance policy, the Insurance Regulatory and Development Authority of India (Irdai) has come up with […]
What are the advantages of group plans?
Generally, the organization or employers purchases group insurance plans for their employees and for the well-being of their families. Customizing the policies based on the needs of the group and its members. Group plans offer numerous advantages to both employer (group) and employees (members). The group plans offer the following advantages. Key Takeaways The “Evidence […]
Max Bupa policyholders lose Max cashless facility
Published in Livemint. MUMBAI : Max Healthcare is in a stalemate with Max Bupa Health Insurance Co. Ltd and has discontinued cashless treatment in its chain of hospitals, leaving policyholders in a fix as they will not be able to avail the cashless claim facility. Max Bupa is a joint venture between Indian private equity […]
Whitepaper on Liability Risks
22nd April 2016 saw the coming together of two distinguished organizations in the insurance industry, at a liability insurance workshop that was conducted at FICCI, New Delhi. SecureNow Insurance Broker, in collaboration with Raheja QBE, conducted this workshop for its large network of clients and partners, in order to help them to understand the increasing […]
Policy evolution post-COVID-19
After COVID-19, insurance policies will no longer look the same. Asia Insurance Review spoke with SecureNow.in’s Kapil Mehta about how conventional insurance covers will be adapted to the new work environment. A new social ecosystem and work environment is emerging as society deals with the pandemic. Insurance, too, will be transformed. SecureNow.in co-founder Kapil Mehta […]
When COVID-19 vaccines become available, will your health policy pay for them?
Published in Money Control. The world is waiting with bated breath for a vaccine that will finally end the scourge of the novel Corona Virus Disease (COVID-19) that has wreaked havoc on lives and economies globally. It certainly seems to be on its way – sooner than originally expected – but will entail substantial cost, […]
Millennials top buyers of Corona Kavach policy as covid-19 cases spike
Published in Livemint. The fear of contracting the novel coronavirus is pushing more and more people to buy the regulator-mandated indemnity policy for covid-19, despite regular health insurance policies covering the cost of hospitalization for the infection. Corporates too are looking to cover their employees, specifically for covid-19 under a group Kavach plan. Between 10 […]
SecureNow Response to Covid-19 situation
Following the call made by our Hon’ble Prime Minister as a response to Covid-19 situation and to adhere to the subsequent countrywide lockdown, we have quickly moved to a Work from Home (WFH) model. We have made the safety, well-being and health of our employees the priority, while continuing to deliver to our clients. What […]