Insurance

John Holden, Chief Executive Officer, Canara HSBC OBC Life

Updated : May 6, 2015

So much needs to be done in insurance sector in India: John Holden

Money Today speaks with John Holden, CEO of Canara HSBC OBC Life, how relevant their business model is in the light of RBI's move to allow banks to become insurance brokers.

Picture for representation purpose only. (Source: Reuters)

Updated : Feb 13, 2015

Insurance cos offer home care expenses at certain conditions

Home care companies provide attendants, nurses, physiotherapists and doctors at home to take care of senior citizens as well as patients after surgery.

Ulips offer a cover of at least 10 times the annual premium and have standard surrender charges. (Photo: Reuters)

Updated : Feb 5, 2015

Tips to invest in new unit-linked insurance plans with lower cost

Some new Ulips have lower costs than what many mutual funds charge. Let's see if it makes sense to invest in the new and much-improved version of Ulips.

Updated : Jan 27, 2015

Use insurer's mobile apps to make faster claims, have more control over policy

Mobile apps can help you inform your insurer about the incident. Not only claim intimation, you can also check your claim history using the app.

Updated : Oct 14, 2014

Buy insurance policies that cover treatment abroad

Getting treatment abroad can be costly as you will need funds for travel, accommodation, food and that too in a currency that will be stronger than the rupee.

Updated : Aug 13, 2014

How to avail of free medical check-ups under your health cover

Health insurance policies entitle policyholders to a free medical check-up once every four years. Most policyholders know about it. Still, say experts, not more than 20-25% of them go for it.

Updated : Aug 7, 2014

Five free insurance covers you may have missed knowing about

Did you know there is an insurance cover that comes with air tickets. It makes airlines liable to pay compensation for loss or damage to your luggage, besides injury or death, due to their fault. Here are some more covers you probably don't know about.

Updated : Jun 3, 2014

Provide correct information to insurer to ease claim settlement

A claim can be rejected for various reasons, like non-disclosures, partial disclosures, wrongful disclosures or fraudulent claims.

Updated : Apr 8, 2014

Tips to handle tough questions when buying insurance

While buying insurance online, the toughest part for most customers is answering the medical-and lifestyle-related queries in the proposal form. Some questions are general, but some are specific and relate to medical condition, profession and hobbies of the buyer. Here's a guide to navigating the difficult questions that you are asked while buying insurance.

Anuj Gulati, Chief Executive Officer, Religare Health Insurance. (PHOTO: Shekhar Ghosh)

Updated : Mar 27, 2014

Fraudulent claims in OPD covers is a challenge: Anuj Gulati

Anuj Gulati, Chief Executive Officer, Religare Health Insurance, talks to Money Today on factors that are driving the health insurance business and his company's plans for the future.

Updated : Mar 18, 2014

Insurers turn to agents for selling online term plans

Many insurers have started selling online terms plans through agents as they believe that buying online is difficult for those who are not comfortable navigating the internet. So, their agents help customers buy online plans, as these are cheaper than the offline versions.

Updated : Feb 28, 2014

Split your life insurance

Instead of buying one omnibus life insurance policy, it is beneficial to take smaller plans of varying terms. This makes the insurance needs come down, as well as the premium cost.

Updated : Feb 28, 2014

Things to keep in mind when surrendering insurance policy

It is important to review your insurance portfolio from time to time to know what's redundant. Here are a few points you must consider before surrendering your existing policy.

Updated : Feb 28, 2014

Insurance tip: E-ulips cost less, help build bigger corpus

If you are net-savvy, the no-commission Ulips that are sold online are a good option for you. They are cheaper and have the potential to earn higher returns.

Updated : Feb 28, 2014

How Ulips have performed since norms were changed in 2010

The regulations did make the product more investor-friendly, but it also took away the incentive for distributors to sell these plans. The contribution of Ulips to the total 'new business premium' (individual non-single) fell from 59% in March 2010 to 15% in March 2013.

Updated : Feb 28, 2014

Are convertible term plans viable savings options?

Convertible term plans can be useful for those in their early stage of financial life and they do provide an element of flexibility. But are they viable savings tools for the long-run?

Updated : Feb 21, 2014

Money Today-Morningstar ULIP Rating: Methodology

The ratings are based on three-year compounded annual growth rate, or CAGR, for the period 1 January 2011 to 31 December 2013.

Updated : Feb 8, 2014

Healthcare discount cards offer savings aside from health cover

A number of companies today are trying to bridge the gap between what your insurer covers and what you spend on healthcare, providing healthcare discount cards. They promise between 30-50 per cent discount on diagnostic tests, doctor consultation and even medicine.

Updated : Dec 21, 2013

Traditional endowment policies set to get cheaper, better

If you are looking to buy a traditional endowment policy, it's best to wait till next year. Not only will you get a better product, you will also pay less commission to your insurance agent. Traditional endowment policies are set to get cheaper and better.

Updated : Nov 26, 2013

How e-insurance repository will help customers

SV Ramanan, Chief Executive Officer, CAMS Repository Services, talks to Money Today on how the e-insurance repository will help customers.

Updated : Nov 9, 2013

E-policies expected to help manage different insurance covers better

An e-insurance account will help you keep track of all your policies-renewal date, surrender date, policy maturity date, etc, reducing the stress of physical documentation. You can also modify and maintain policies online.