Taking the trick and trap out of insurance

Published in Mint on Sep 16 2015   Mint Money has always advised you to avoid traditional insurance policies that double up as investment products. This is primarily because of three reasons: high costs, opaque structures and poor investment returns from these policies. But if recommendations of the Sumit Bose committee are implemented, most of […]

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Insurance: health over life

Published in Mint on Oct 18 2015   One of the joys of being a senior citizen is that your working days are behind you. This also means having working children and financial assets that make buying a life insurance policy unnecessary. However, what you need to consider seriously is a health insurance policy. Hospital […]

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5 advantages of insurance going digital

Published in Mint on Aug 03 2015   Digital services offer convenience, choice and comparison. The financial services industry, including insurance, is also making efforts to tap this space. Life insurance, traditionally sold by agents, is available for online purchase, often at lower prices. According to a report by Boston Consulting Group (BCG), total digital […]

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Securing the future of a special needs child

Published in Mint on Jul 09 2015   Shrishti Saran, 10, suffered a brain fever in June 2011 at the age of six. Meningitis, which leads to inflammation in the brain and spinal cord, can be lethal. She was spared but left paralyzed. Bed ridden since 2011, the Saran family and Shrishti, who likes to […]

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Irda issues new norms for corporate agents

Publish in Mint on Jun 03 2015   Recent amendments to the draft guidelines on open architecture in insurance distribution will bring respite to bank-promoted insurance companies. According to the Insurance Regulatory and Development Authority (Irda) draft that came out on 29 May, it is no longer mandatory for corporate agents to sell policies of […]

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New buyers of health plans may pay more

Published in Mint on May 28 2015   Most of us tend to buy health insurance policies later than sooner, when chances of facing health related issues are higher. So, to encourage more younger people to buy health insurance, an expert committee on health insurance has recommended that the premiums reflect risk at the age […]

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Why are life insurance policies abandoned midway?

Published in Mint on May 11 2015   What would you call a product that is sold for 15 years but discontinued after just five? What would you call an industry that is unable to keep customers holding on to a product that was sold for the long term but is stopped midway? In India, […]

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Moving abroad? Settle money matters first

Published in Mint on Apr 30 2015   Nitya Narayanan, a Thrissur-based 30-year-old school teacher, is planning to move to Saudi Arabia in June this year, with her four-month-old son and five-year-old daughter to join her husband there. Though she is looking forward to the move, she is worried about winding up things here. “Apart […]

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Why it’s important to have home insurance

Published in Mint on Apr 27 2015   Home is a name, a word, it is a strong one; stronger than magician ever spoke, or spirit ever answered to, in the strongest conjuration.” These lines belong to Charles Dickens, but are apt for all of us. Those who have suffered in the earthquake in Nepal […]

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