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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Putting the spotlight on home insurance

Published in Mint on 1 July 2015, Written by Kapil Mehta A friend owns a house in South Delhi where she has regularly paid insurance charges to the maintenance agency. Last year her home was gutted in fire. The insurance claim of Rs.20 lakh was denied on two counts: the insurance had been bought by […]

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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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Tied model for banking channel in insurance may continue

Published in Mint on Jun 02 2015   Recent amendments to the draft guidelines on open architecture in insurance distribution will bring respite to bank-promoted insurance companies. According to the fresh draft put out by the Insurance Regulatory and Development Authority of India (Irdai) on 29 May, it is no longer mandatory for corporate agents […]

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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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Insurance gets a new distribution channel

Published in Mint on March 23 2015   The insurance industry is ready for a new distribution channel—insurance marketing firm, officially abbreviated as IMF. The channel will be allowed to distribute policies of two insurance firms in the same line of business, and will also be allowed to distribute other financial products as allowed by […]

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Insurance amendment bill: necessary but not sufficient

Published in Mint on Mar 11 2015, Written by Kapil Mehta If all goes as planned, the Insurance Laws (Amendment) Bill, 2015, which has been approved by the Lok Sabha, will become law over the next few weeks. The first version of this bill was introduced in the Rajya Sabha seven long years ago. The most […]

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