Insurance Archives

Consider These Factors Before Investing in Cyber Insurance for Your Business

November 15, 2021November 15, 2021 Loknath DasBefore, Consider, Cyber, Factors, for, In, Insurance, Investing, these, Your

Cybersecurity isn’t just a big business problem. While huge corporations like T-Mobile and Microsoft have made headlines with recent data breaches, smaller companies have also found themselves increasingly at risk. A recent report from the cybersecurity firm Sontiq found that in 2021, the data breaches posing the greatest risk to consumers were those launched against small businesses. Meanwhile, the breaches themselves are getting more costly. In fact, a 2020 analysis by Cybersecurity Ventures estimates that cybercrime will cost businesses $10.5 trillion globally by 2025—a huge increase from just $3 trillion in 2015. With the…

Govt plans to increase overseas investment limit in insurance to 74%

December 11, 2019December 11, 2019 Loknath Dasgovt, In, Increase, Insurance, investment, limit, Overseas, plans, to

With an aim to attract long-term investment from overseas, the Indian government is planning to increase the Foreign Direct Investment (FDI) limit for insurance firms to 74% from the current 49% in the upcoming Union Budget. The Insurance Regulatory and Development Authority of India (IRDAI) is seeking inputs from the industry on government instructions and a report is expected to be submitted soon, said an ET report quoting a source aware of the development. On December 2, IRDAI in a letter to insurance firms had sought the opinion of stakeholders to increase…

Calculate the Total Out-of-Pocket Cost of Your Health Insurance Plan

August 7, 2019August 7, 2019 Loknath DasCalculate, Cost, Health, Insurance, of, Out-of-Pocket, The, Total, Your

How much do you pay for your health insurance? If you only think about your health insurance costs in terms of the monthly premiums, you’re leaving out a lot of potential expenses. Right now, for example, I have an Affordable Care Act Bronze plan with a $442.83 monthly premium and a $6,200 deductible. This means that I could pay a total of $11,513.96—the $6,200 deductible plus $5,313.96 in premiums—before my insurer begins to pick up the cost for any of my healthcare. I might end up paying less than that,…