Coronavirus-induced pandemic has changed the world in more ways than one. As people attempt to come to terms with one of the biggest health disasters humanity has faced and plan for the future, it is pertinent to ask whether my health insurance is enough to meet unforeseen challenges. In an interaction with CNBC-TV18, Indraneel Chatterjee, Co-Founder at RenewBuy said that consumers should always opt for policies that give higher coverage.
The Insurance Regulatory and Development Authority of India (IRDAI) recently allowed general and health insurance companies to continue selling and renewing short-term COVID-19 specific health insurance policies, including Corona Kavach and Corona Rakshak, till March 31, 2022.
In order to control pollution, Union Minister Nitin Gadkari recently announced a new vehicle scrappage policy in the Parliament- an announcement, which will boost the electric vehicle market in the country. Proposals like National Electric Mobility Mission 2020, Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) have also been shared to promote the usage of EVs in the country.
Digital insurance platform RenewBuy has announced that it would offer Royal Enfield (worth over Rs 2 lakh) or MacBook to tech leads, DevOps leads and senior development managers, if candidates join within 30 days. Besides, senior software engineers and senior DevOps engineers can get a chance to win an iPad or iPhone.
The demand for unit-linked insurance plans (Ulips) is on the upswing. A recent survey conducted by Bajaj Allianz Life Insurance found increased affinity among respondents towards Ulips. Other insurers, too, have witnessed higher demand for this product in recent times. The key factor driving demand is the buoyancy in equity markets. “The performance of equity markets over the past months has led to renewed interest in Ulips,” says Bharat Kalsi, chief financial officer, Bajaj Allianz Life Insurance. He adds that with interest rates within the economy at low levels, investors ...
While health policies provide cover for the recipient’s treatment expenses, they may not cover donor’s expenses Organ donations can make a significant difference to someone’s life. But most people shy away from this noble cause owing to safety concerns and the exorbitant cost of organ transplant surgeries.
SBI Life Insurance recently launched a term plan called SBI Life eShield Next. Apart from a level cover option (where the sum assured remains constant), it allows customers to increase the sum assured at regular intervals, or when they reach important milestones in their lives. Several other insurers also offer such covers.
SBI Life Insurance recently launched a term plan called SBI Life eShield Next. Apart from a level cover option (where the sum assured remains constant), it allows customers to increase the sum assured at regular intervals, or when they reach important milestones in their lives. Several other insurers also offer such covers. How do they work? These plans work in two ways. One, the sum assured can increase at regular intervals. In the SBI Life plan, it increases by 10 per cent (all increases are the percentage of basic sum assured) every five years, till you hit a ceiling of 100 per cent.
Though Monsoon occupies a special place in everyone’s heart, there is no denying the fact that monsoons can get troublesome at times. From waterlogging to heavy rainfall to landslides, people can encounter a host of problems during the monsoon season. Indraneel Chatterjee, Co-Founder, RenewBuy, says, “Health, home and motor insurance are the most important – the three insurance categories hold a substantial value during the monsoon season.”
India has rolled out the largest and amongst the most efficient Covid vaccination programs in the world. More than 40 crore Indians have been vaccinated with at least one dose and more than 10 crore with both doses. World over, we are witnessing the onset of the third wave of Covid and chances of it impacting India are high because of our vast population. It will take us a minimum of 6-8 more months to reach 70 percent vaccination which is required for herd immunity.