Written by Abhishek Bondia/ moneycontrol /AUGUST 09, 2022 / 10:30 AM IST Healthcare costs have been rising, and the same is true for health insurance premiums. Given this, a significant number of corporate employees avoid buying personal health insurance. While avoiding a health plan can help you save money in the short term, this can […]
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What insurance covers should an RWA or Apartments owners association take?
When you buy a new house, you already have so much paperwork that you need to do. With the enthusiasm of moving into your new abode comes the challenge of understanding the nuances of the maintenance of the common property; especially if you are in an apartment. As a first step, you need to acquaint […]
What are the changes in insurance under new motor vehicles act ?
On February 15, 2022, the Ministry of Road Transport and Highways issued the latest amendments to the Central Motor Vehicles Act Rules, 1989. These amendments aim to enhance safety measures for road transport. They are effective from 1st April 2022. What are the amendments to the Motor Act? There have been 2 recent amendments to […]
How can insurance ensure your firm is productive and stays safe during the hot summers?
While summers bring warmth and sunshine, they do present a trying time for your field and warehouse employees. Here are a few steps to take to ensure safety and optimal productivity for your employees during the summer. Key Takeaways Climate-Specific Risk: India’s extreme summers act as a “stress test” for machinery; ensuring your Air Conditioning […]
How to increase fire insurance adoption of homes and small businesses?
SME and home insurance products have a large potential market. An easy-to-understand product that is attractively priced will help drive adoption Published in MoneyControl, Feb 24, 2021 || Written By – ABHISHEK BONDIA What is more risky to insure – 100 warehouses having inflammable chemicals in 100 drums each or one warehouse with 10,000 drums of […]
What types of properties can be insured under property insurance?
Owning a property involves a considerable amount of money. Whether you use the property for residential or commercial purposes, any damage to the property can be financially challenging. You might have to spend a considerable amount of money in getting the damages repaired or replaced. Such costs might pose a financial strain and that is […]
Factory & warehouse insurance: The saviour during turbulent times!
In business, “location” takes a very special place, and so does the actual building that you zero in on as your office. It should not only be aesthetic and aligned with your business requirements, but it should also offer optimal safety standards for your employees and assets. If the unit you plan to set up […]
Cyber Insurance: Importance of cyber insurance for start-ups
While cyber crime has been a constant threat over the past decade, with advanced technology the perils are deeper with severe implications. Cyber-attacks affect all categories of web users including consumers, corporates, and enterprise giants; however, small businesses are more vulnerable and are more likely to be under a cyber-attack. They are a treasure trove […]
How does the e-claim process work for group health insurance policy?
Insurers required policyholders to submit original claim documents for processing reimbursement claims. Policyholders used to courier claim documents to insurers/ TPAs for processing. However, this has changed since the COVID-19 pandemic hit the world. It has brought all transportation and logistics to a standstill due to the government-imposed lockdown throughout the country. Courier services were […]
How does fire insurance claim settlement vary between reinstatement clause and market value policies?
We have discussed below the two bases of claim settlement that can be opted in a fire insurance claim settlement : Market value basis – the default one and Re-instatement value basis To explain how the claim settlement works in the above cases under the Fire Insurance policy, let us start with an example on […]