Retirement planning is crucial to ensure that you don’t outlive your savings especially when life expectancy is on the rise. Retirement planning essentially involves planning your finances in such a way that you can achieve your pre-retirement and post-retirement financial goals without any stress. And then in your second innings you can even pursue hobbies […]
Author Archives: Deepa Nair
21
Jun
Jun
The Covid-19 pandemic has reinforced the uncertainties that we face in life and brought forward the importance of safeguarding our families financially. For many Indians who bought life insurance for either investment or tax purposes, it has particularly been a wake-up call to reassess the protection element in their existing life insurance policies or to […]
09
Jun
Jun
Faced with rising life insurance claims amid the second wave of Covid-19, life insurers are likely to go for a second round of increase in term life insurance rates in July 2021. Term life insurance rates are likely to go up by 10 to 15 per cent during the second half of FY21, said a […]
08
Jun
Jun
The Coronavirus pandemic, along with a threat to life, has brought to the fore the core of life insurance – a need to secure the financial well-being of loved ones in case a tragedy hits. The shift towards protection products is widely visible both in terms of demand and supply. As of […]
News & Analysis
Bima Gurukul founder Sumit Shrivastava: The 36-year-old millionaire who once sold shampoos door-to-door
31
May
May
The business of selling insurance requires consistent hard work and dedication. Sumit Shrivastava knows this first hand. He started his career in 2006 going door-to-door to sell shampoos and vacuum cleaners. Soon, he began working with a couple of general insurance companies including IFFCO Tokio and Universal Sompo. “I wanted to set up a source […]
Life Insurance
Covid19 impact: Planning to buy a life insurance plan? Get ready for longer process as life insurers get tighter with disclosures
24
May
May
Purchasing a life insurance policy, particularly pure protection plans like term life insurance, will now be a longer process as life insurers are tightening underwriting provisions. Seeing a big surge in claims due to the second wave of Coronavirus, life insurance companies have made it mandatory for potential policy buyers to answer COVID questionnaires and […]
19
May
May
Traditionally, conversations around financial planning and investing in India have been dominated by men with women having very little say in the family’s finances. Why are women not engaging in this conversation? Why is this space still dominated by men? Is it because the finance industry is primarily talking to men, and addressing their financial […]
24
Apr
Apr
With the sudden surge in COVID-19 cases following the second wave of the pandemic, many hospitals are now refusing to extend cashless medical insurance facility to patients. Cashless insurance allows patients to walk out of the hospital without any payment as hospitals settle the claim with the insurance provider. “The maximum the insurer can do […]
Health Insurance
Star Health to cover COVID vaccine cost under annual health check-up: MD Dr S Prakash
16
Apr
Apr
Star Health & Allied insurance is planning to cover the cost of Coronavirus vaccine as the part of its annual health check-up offering to the customers. “As an in-patient if somebody is admitted and the COVID vaccine is given, we include it in our claims pay-out and in the annual health-check-ups we offer as an […]
12
Apr
Apr
Planning to buy or renew your life insurance policy? The most important thing in an insurance policy is the assurance of a good value proposition and smooth claim settlement experience in terms of servicing and settlement. Traditionally, the claim settlement ratio has been the most important parameter to select a life insurance provider. The claim settlement […]
