Health Insurance: The expanding cover
A World Bank study on health insurance in India has recommended increasing health insurance coverage for both outpatient and inpatient care to include all poor and near-poor patients. It suggests…
Insurance Articles: Banks as a shop for insurance
The concept of insurance plans being sold through banks is called ‘bancassurance’ and there is a lot of interest in this distribution channel from all the stakeholders - customers, banks,…
Life Insurance Article: The need to cover the death risk should be predominant of all the needs
Life Insurance Products cover the risk of financial losses due to premature death. They also cover the risk of living too long by making payment in lump sum or in…
General Insurance Article: Anatomy of Customer Grievance in Insurance industry
Grievance is a communicated or in communicated umbrage at an imaginary or real injustice, giving rise to cause for complaint. Grievance is thus anger against a perceived wrong or wrong…
Retirement planning: Insurance as tool
This is a question that seems to be on the minds of many people. With the provision in the Direct Taxes Code of getting a tax rebate of R3 lakh…
Fine Prints you must watch out while buying a Health Insurance (Mediclaim) Policy
Here is a gist of fine prints which you must watch while purchasing a health insurance policy. 1. No pre existing diseases will be covered. The General Insurance Council of…
How Motor third party insurance was made compulsory in India?
A Certificate of Insurance must be carried in the vehicle as a proof of such insurance. For all vehicles registered with Regional Transport Authorities, third party insurance is compulsory as…
General Insurance: How interested is the insured: The aspect of Insurable Interest and its Transferability
While effecting a renewal of a Fire Policy issued by some other Company, it was observed that the name of the Insured in the original policy was different from the…
The Changing Face of Affinity Group Distribution
A. Traditional “Affinity Channels†have concentrated on a few defined areas of focus: 1. Delivering a value proposition to members/constituents that included…
Student Travel Insurance: How to select the right student travel insurance policy
Those heading for education abroad require suitable insurance to safeguard against financial adversity. Such insurance provides one with various types of protection like medical coverage, cover for loss of baggage/passport,…