Standard fire policy covers a house and its contents

Published in Mint on Aug 9 2016, Written by Abhishek Bondia Can I insure the furnishings of my new house? How does it work? —Monisha Burman Yes, you can insure the furnishings of your new house under your home insurance policy. The standard fire and special perils policy covers the building as well as its […]

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When fine print stumps your policy claim

Published in Mint on Aug 16 2016   Most people buy insurance in three quick steps: give the agent a quick listen, sign off on the paper and store the policy away. Yes, insurance legalese makes for laboured reading, but ignorance is even more painful. You need to know your policy—the exclusions at the very […]

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Insurance e-commerce norms take shape

Published in Mint on Jun 21 2016   The world is moving online and so should the way you buy the most important instrument in your money box: insurance. To help build an online platform for insurance, the Insurance Regulatory and Development Authority of India (Irdai), earlier this month, drafted the Insurance E-commerce Regulations (http://bit.ly/28KdHMg […]

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What young adults think about insurance

Published in Mint on JUN 15 2016, Written by Kapil Mehta I signed up on Quora, a social media site, about a year ago. On this site, anybody can ask a question, directed to specific people. Readers validate answers by voting. The site is frequented by engineers, entrepreneurs, students of Indian Institute of Technology (IIT; […]

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Use investment products for right purposes

Published in Mint on Jun 13 2016   Every time there is a personal finance crisis, it can be easily traced to products that did not do what they were intended to do, or had no place in the individual’s portfolio given their needs and goals. While the focus of investors is always on selecting […]

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Indian health plans’ sum assured may be inadequate abroad

Published in Mint on May 24 2016, Written by Abhishek Bondia I am going on a Europe tour next month with my family and my travel agent is pushing me to buy travel insurance. I have a family floater policy, which gives me and the family global coverage. Do I need to still buy the travel […]

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Life insurance policy can be held in demat or hard copy format

Published in Mint on May 03 2016, Written by Abhishek Bondia Can a policy holder have a life cover in both electronic and paper form? —Geetesh Handa You can choose to keep your policy either in de-materialised (demat) or hard copy form, but not in both. But you can opt to keep some policies in […]

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How to File a Fire Insurance Claim

Published in Economic times on Apr 29 2016, Written by Kapil Mehta A fire entails not just tremendous physical and financial damage, but also a fair amount of emotional and mental trauma. Nobody expects a fire, so it’s important to be prepared for how to deal with one, if it ever does occur. The aftermath […]

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First goals, and then products

Published in Mint on Mar 07 2016   The basics of financial planning don’t change for women investors. Setting financial goals, discovering your risk appetite and finding products that are in line with your comfort and your goals continue to be the cornerstones of financial planning. The products remain the same, but some have added […]

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Not many insurers offer term cover to those over 60

Published in Mint on, May 28 2013, Written By Kapil Mehta Are there life insurance policies for someone above the age of 60? How can I get it? I want to get a policy as my granddaughter is dependant on me. —Kajal Life insurance to take care of your grandchild is a lovely legacy to […]

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