Importance of a Keyman insurance cover

Keyman insurance or key person insurance is a type of insurance that enables the protection of businesses from facing extreme losses due to the eventuality; or permanent disablement of an individual; who plays a critical role in the company. Many of the small and medium-sized companies typically depend on a small, competent, and passionate team […]

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Medical establishment insurance: All about professional indemnity policy

Medical establishments act as the biggest hedge against life risk, they save people during medical emergencies. Did you ever think that medical establishments (hospitals) may be under any kind of risk? Well yes, they run the risk of claims made by their patients about any kind or wrong treatment, unnecessary treatments/tests, or some form of […]

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What are the limitations of a Group Health Insurance for an employee?

Though group health insurance policies are extremely flexible by design in terms of enrollment and operability, they come with their own set of limitations. Below we highlight a few limitations of the group health insurance program –   The employee has little or no control over their individual coverage. Designed the benefit structure of the […]

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Types of endorsement scales in group medical insurances

As an organization contemplating group medical coverage (GMC), you might have encountered different types of endorsement methods. This post helps to make sense of these endorsement methods. Insurers frequently use two types of endorsements methods in the case of group medical insurance: Pro-rata As the name suggests, pro-rata means proportionate. In this endorsement method, the […]

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How much will e-cash incentives help?

Published in Mint on Dec 13 2016. On 8 December, the government announced a slew of incentives on digital transactions. Such transactions include those done with credit cards, debit cards, e-wallet, mobile apps and Net banking. The government said that in the aftermath of the cancellation of the legal tender character of old Rs500 and […]

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Cancellation of motor insurance policy may be expensive

Published in Mint on, Jun 18 2013, Written by Kapil Mehta I met with an accident recently and my knee was fractured. Now I have recuperated. I want to know if ever the need for a knee replacement arises, will it be considered as a pre-existing disease? —Priyanka Singh When you decide to go in […]

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Insurers typically don’t allow hiking cover

Published in Mint on, Aug 29 2012, Written by Kapil Mehta My father bought a whole-life insurance policy worth $1,000 (about Rs.55,000) in 1965. He passed away in January 1996. The insurance company contacted us with very little information about the amount. How will we know if they are paying the correct amount? —Angela Baxter […]

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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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