Are you a good insurance customer?

Published in Mint on Nov 03 2016, Written by Kapil Mehta Buying insurance is an intense process. You share intimate details on your health and income, subjecting yourself to scrutiny from insurers. When things go wrong in this process, the instinctive reaction is to blame the insurer or the salesperson. But customers are also at […]

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Term Life Insurance Rates

Footnotes: 1. Date of birth has been assumed to be April 1st in the respective year for each. age group 2. Rates are for a male, non-smoker, delhi-based. 3. DHFL Pramerica, Star Union Dai-chi Insurance Co Ltd. are offline plans. 4. Claim settlement = Claims settled/(claims settled + claims rejected+ claims repudiated). 5. Exide Life […]

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Taking the trick and trap out of insurance

Published in Mint on Sep 16 2015   Mint Money has always advised you to avoid traditional insurance policies that double up as investment products. This is primarily because of three reasons: high costs, opaque structures and poor investment returns from these policies. But if recommendations of the Sumit Bose committee are implemented, most of […]

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Insurance gets a new distribution avenue

Published in Mint on Oct 28 2015   To increase the distribution footprint of the insurance industry, the Insurance Regulatory and Development Authority of India (Irdai) has allowed a new type of distributor, called the point of sale (PoS) person. According to Irdai, this step is a part of its developmental agenda and it hopes […]

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Insurance: health over life

Published in Mint on Oct 18 2015   One of the joys of being a senior citizen is that your working days are behind you. This also means having working children and financial assets that make buying a life insurance policy unnecessary. However, what you need to consider seriously is a health insurance policy. Hospital […]

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5 advantages of insurance going digital

Published in Mint on Aug 03 2015   Digital services offer convenience, choice and comparison. The financial services industry, including insurance, is also making efforts to tap this space. Life insurance, traditionally sold by agents, is available for online purchase, often at lower prices. According to a report by Boston Consulting Group (BCG), total digital […]

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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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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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