A child life insurance plan is essentially an investment plan

Published in Mint on JUN 21 2016, Written by Abhishek Bondia What is the cost of a living rider in a life insurance policy? —Kanishk Mahapatra There are two types of cost of living riders. One is a benefit to account for inflation and the need to replace higher income. Several life insurance products factor […]

Read More

Maturity of child plan should be linked to important milestones

Published in Mint on  Apr 05 2016, Written by Abhishek Bondia Are there circumstances under which a life insurance company might refuse to pay for claims? —Ayush Khatri One exclusion allowed in a life insurance contract is suicide in the first policy year. Apart from this, the insurer can deny a claim if there has […]

Read More

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 […]

Read More

Claim can be rejected if you don’t disclose health condition

Published in Mint on Nov 19 2013, Written by Kapil Mehta I have a unit-linked insurance plan (Ulip) from a private life insurer for which the annual premium is Rs.25,000. Till now I have made three annual payments. The policy period is 15 years and the premium period is 15 years as well. The fund […]

Read More