With changing times, gender roles have changed with most women in leading roles traditionally relegated to men. While women today are sharing the same responsibilities as a man, they shy away from taking independent financial decisions despite sharing the same fiscal obligations and risk. Women today are leading their male […]
Fidelity insurance: SMEs can buy policy to protect biz against internal frauds/thefts
Rajiv Jamkhedkar Mr. Prakash runs a highly successful business in garments. It is highly profitable, spread over 7 cities, the business has a production facility (centralised factory) and 23 retail stores and employs around 70 persons. Despite running the whole company hands-on and the firm being family-owned and tightly run […]
Watch Your Health looks to improve health of policyholders
Insurance technology platform Watch Your Health is looking to improve the health of policyholders of companies using digital measurement tools. The firm has tied up with both life and general insurance companies in a bid to improve customer engagement. Set up in 2015, the company provides a digital health ecosystem […]
No need to buy multiple personal accident insurance covers now
The Insurance Regulatory Authority of India (IRDAI), in a circular issued on 11 December,has unbundled the thirds party insurance cover that you buy for your vehicles. In other words, it has now mandated that you will need to buy your standalone personal accident cover for the owner-driver, separately, effective 1 January […]
Tech & insurance: How wearable gadgets could rule the future of healthcare
Rakesh Goyal Health insurance remains one of the under-penetrated segments in India with only 25-30% of Indians having health insurance. However, like in every other field, technology is likely to play an integral part even in the insurance sector. Even the insurance regulator is batting for the use of wearable devices […]
Here’s how to use insurance plans to save income taxes
Mahavir Chopra Two is always better than one, without any doubt! Insurance policies contribute to the dual benefit of meeting your long-term financial objectives and also act as a tax saver! Let’s know how… Knock! Knock! The email from the HR department about submitting your investment proofs for saving tax […]
A standard product for different insurance categories is need of the hour
The moment you log on to an insurance company’s website, you somehow get lost in a maze of products and their technical features. In a bid to simplify the process, the insurance regulator has proposed a mandatory standard health product that will have same features across insurers. The real need […]
Crop insurance scheme bleeds general insurers’ books
The number of farmers benefitting from the Pradhan Mantri Fasal Bima Yojana (PMFBY) may be on the rise, but general insurers catering to them have been bleeding. Loss ratios under this portfolio have risen to almost 150 percent due to climate-related crop damage. Large insurers like New India Assurance and […]
Key reasons why you shouldn’t ignore a critical illness policy
Abhishek Bondia At 49, Subhash suffered a major heart attack. His arteries had over 90 percent blockage. He underwent a bypass heart surgery and then recovered fully. This was a huge shock for the extended family. A teetotaler, vegetarian, and non-smoker, Subhash was free from major vices loosely associated with heart […]