Are insurtech users compromising on their data privacy for convenience?

• Insurtech is the seismic point for data breach that can expose companies to disrepute, devaluation, loss of confidence and legal claims.
• It can subject the consumer to identity theft, illegal trade in personal information and insurance fraud

Cost of early exit from insurance may cost a little less, but will still hurt

• The surrender costs—charge for leaving the policy before the term expires—have come down slightly
• They are nowhere close to giving you the comfort of moving out of an insurance plan mid-way with little cost implications

SC dismisses PIL seeking scrapping of LIC Jeevan Saral Policy

• The PIL had alleged mass cheating by Life Insurance Corporation of India (LIC) through its Jeevan Saral policy
• It was alleged by the petitioner that the Jeevan Saral Policy holders have been misled and cheated by LIC

Why you should not expect your insurance policy to make money for you

• People who invest in guaranteed plans should be mindful and realistic of the returns they expect on these policies, regardless of the guarantees provided by the insurance company
• Your insurance premium includes growth, mortality costs, overhead costs and the profitability of the insurance company

Factors that may hike your insurance premium

• When it comes to life insurance, the underlying mortality rate plays an important role among other factors on deciding your premium
• In health insurance, the underwriting process focusses more on the diseases you may already have at the time of application

Make a list of contents upfront and get it endorsed under home insurance plan

• A home insurance policy gives you the option to cover only the structure of your house or its contents, or both. If you choose both, the furniture and fittings would be covered.
• You can buy a health plan with a high level of OPD coverage for your daughter to pay for her therapy, medication expenses

Airtel Payments Bank ties up with Bharti AXA Life to sell term insurance

• The product, Bharti AXA Life POS Saral Jeevan Bima Yojana, is a pure life term insurance plan which is aimed at the under-insured and uninsured segments in India
• While the policy is initially available at Airtel Payments Bank's 25,000 retail outlets, this will soon be expanded to cover over 60,000 banking points

Your best options to secure your family's health with a cover of ₹50 lakhs

• Take a look at best health insurance plans for you and your family
• To give you a ready comparison, we designed Mint SecureNow Mediclaim Ratings

Get over health or life covers! Several other insurances that may come handy

• Apart from health and life insurances, there are various other policies like wedding , trekking, terror covers to protect you against unforeseen events
• The purpose of an insurance cover is to protect you financially against unforeseen events

Manulife CEO Roy Gori sees India becoming big part of Asia business

• Manulife CEO Gori sees the combination of Mahindra’s local market brand with Manulife’s global capability and knowledge as a key step
• Manulife last week announced a joint venture with India’s Mahindra & Mahindra Financial Services, a firm with over 6 million customers

Low sum assured offsets benefits of guaranteed returns insurance policies

• Low sum assured plans offer a guaranteed return, which makes them attractive to risk-averse consumers
• The structure of these products is not standard across the industry

When is the right time to buy life insurance?

• While the premiums might be low if you buy a term plan when you’re young, you will only need the coverage if you have dependants to look after
• Of the life insurance products available, a term plan is the best if you’re looking for a cost-efficient protection plan

Own damage motor insurance can now be bought separately

• The regulator’s circular on standalone OD policies promises to give more power to the policyholder
• Insurers can issue standalone TP insurance, but most private-sector insurers sell it as a bundled product with OD

Why is third-party motor insurance cover mandatory?

• The SC in July last year made it mandatory for all car owners to have a 3-year TP policy and 2-wheeler owners to have a 5-year policy
• Third-party property damages are covered up to a sum of ₹7.5 lakh. If the damage is beyond the insurance cover, the policyholder has to bear the additional expense

Your best options to secure your family's health with a cover of ₹20 lakh

• Take a look at best health insurance plans for you and your family
• To give you a ready comparison, we designed Mint SecureNow Mediclaim Ratings

Govt looks to consolidate state-run general insurers

• The govt is exploring various consolidation options including merger of state-owned general insurance companies with New India Assurance
• The govt is also looking at other options including stake sale in 3 PSU insurance firms like NIC, Oriental Insurance and UIIC

Premiums of floater policies are often based on age of eldest family member

• A standard family floater plan has a pre-existing waiting period of four years. Plans that offer lower waiting period may turn out to be expensive for parents
• Consider an insurer that provides cashless service at your preferred servicing garage. That will make the documentation process easier

Doing the math: Choose the right healthcare cover

• According to experts, there are three things to consider: healthcare inflation, your family medical history and your salary
• Another way to determine the healthcare cover is to consider the kind of treatment you are likely to seek

Four insurance covers you must have this monsoon

• Claims for motor and health insurance see a spike during the annual rainy season
• Home insurance claims see a jump from areas that witness very heavy rains and flooding.

'It's time to take your money out of stocks': India's top insurer to investors

• 'It’s time to take some money out of equities because valuations are looking stretched,' Gopikrishna Shenoy, SBI Life Insurance
• SBI Life expects earnings at India’s top 50 companies to rise as much as an average of 14% in FY20