Insurance

The cost of IVF procedure in India varies from  ₹1 lakh to  ₹2.5 lakh which is expensive for many of the couples, said Dr Shweta Mittal Gupta
The cost of IVF procedure in India varies from 1 lakh to 2.5 lakh which is expensive for many of the couples, said Dr Shweta Mittal Gupta

Fertility treatments like IVF should come under insurance cover: Health experts

  • Health experts have pitched for an urgent need to include fertility treatments in health insurance plans
  • 27.5 million couples in India are suffering from infertility and are actively seeking children, according to a study

Photo: Bloomberg
 (iStock)
 (iStock)
 (iStock)
(iStock)

Term plan premiums: A ready reckoner

  • A look at premium rates for some insurance policies of a sum assured of 1 crore across three age categories for policy terms of 30, 25 and 20 years
  • The claims settlement rate is measured by the value of the policies as a lower settlement rate is indicative of high ticket-size policies being rejected

The policies that you can buy for 1

  • The govt also provides a life insurance scheme – Pradhan Mantri Suraksha Bima Yojana – at a premium of 1 per month and 12 a year
  • To begin with, 1 is a minuscule amount to spend for an insurance cover. But should you consider it?

Photo: iStock
 (iStock)
 (iStock)
(iStock)

Get your insurance claims in instalments soon

  • Policyholders of defined-benefit health insurance policies may be given the choice to get claims in instalments or lump sum or a combination of both
  • The new guidelines will now allow claimants to have a regular source of income for a reasonable amount of time

 (Pradeep Gaur/Mint)
 (iStock)
(iStock)

Bite-size insurance: Is it really worth it?

  • Small-ticket insurance cover, also known as sachet or bite-size insurance, is a non-comprehensive plan, focusing on a specific need and comes with a low premium and lower cover
  • If you intend to buy bite-size covers then understand the inclusions and exclusions to avoid last-minute surprises

Bank of India has a 28.96% stake in the joint venture
Insurance is for protection and tax is only an added benefit to it and not the other way round (Illustration: Unnikrishnan AV)
Insurance is for protection and tax is only an added benefit to it and not the other way round (Illustration: Unnikrishnan AV)

Insurance: It's unwise to buy plans just to save taxes

  • The sale of insurance policies saw a rise in the last three months of the financial year. Experts, however, say that it is unwise to buy plans just to save taxes
  • It would be prudent for you to start looking at your insurance plans in the beginning of the financial year

 (iStock)
 (iStock)
 (iStock)
(iStock)

Insurance technology gets crowded

  • Although insurance technology is still at a nascent stage, firms are attracting investors’ attention.
  • $220 million has been pumped in to insure tech companies in first two months of 2019.

 (iStock)
While your son has been declared cancer free, insurers are likely to consider it as a pre-existing disease (iStock)