Mediclaim premium paid in cash not tax exempt

Published in Mint on 4th March 2014, Written By Kapil Mehta Is it required to get third-party pet insurance? I have a German shepherd. —Deeptiman Third-party pet insurance is not mandatory. A few insurers cover third-party pet liability as an extension to basic pet insurance. However, I don’t find the extension useful because liability is […]

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Standalone plans are available at prices similar to riders

Published in Mint on May 20 2014, Written by Kapil Mehta While buying a money-back policy, agents usually give a benefit illustration. How genuine are these? —Kamini Ghoshal When I hand a Rs.500 note to a shopkeeper, she invariably peers at it suspiciously. If she finds the right ink marks, holograms and dates, I get […]

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Face-off in insurance distribution

Published in Mint, Written by Kapil Mehta The business world is replete with ferocious two-sided battles—iOS versus Android, Linux versus Windows, Big versus Small retail, budget versus full-service airlines, and so on. These battles are fought globally and across industries, but have two things in common: at stake is the fundamental principle of how much […]

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Insurance in India – An Infant finds its Legs

Published in IBEF on 2nd March,2014, Written by Kapil Mehta Insurance in India is one of the last untapped bastions of financial services anywhere in the world. There is an attractive window of opportunity for companies to enter this market now to build their businesses. The market is large, over US$ 30 billion of new […]

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Two To Tango

Published in Business Today on July 25, 2019 You have to have health insurance if you don’t want to strain your finances due to a medical exigency. You also need life insurance to provide financial security to your loved ones in case something were to happen to you. This involves studying the features of multiple policies. Many […]

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Which type of businesses must protect their staff for their decisions?

At times, the management of an organization can make a fiduciary decision which can have an impact on the investors, customers, and employees of the organisation. Companies hold an ethical and legal relationship with the employees as well as the shareholders. When an individual accepts to act as a fiduciary, he becomes responsible on behalf […]

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Will RBI nod make banks insurance brokers?

Published in Mint on Jan 19 2015   After deliberating for a year, the Reserve Bank of India (RBI) came out with guidelines on entry of banks into insurance business on 15 January, allowing banks to become either a corporate agent or an insurance broker. As insurance brokers, banks become directly responsible for the sale […]

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Death claim can be made on more than one insurance policy

Published in mint on Apr 08 2014, written by Kapil Mehta My policy, for which I have paid premium for five years, has lapsed as I did not pay the premium last year. Can I revive it? —Gayatri Ramanath Reinstatement rules depend upon the insurer and type of insurance, i.e. whether it is unit-link or traditional. […]

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