Prajna Capital - An Investment Guide

Here’s a ready reckoner on wedding insurance, why you should opt for it and major exclusions of the policy. Customised Convenience Wedding insurance is a customised event insurance plan that includes all specific risks related to marriage. The typical coverage includes the cancellation or postponement of wedding due to unforeseen circumstances, accident to bride/ groom, accident to blood relatives resulting in hospitalisation within seven days prior to the printed/ declared wedding date, damage to property and money in safe, burglary and public liability. For instance, if the marriage hall gets flooded or in occurrence of an earthquake, the irreversible cost of the wedding is reimbursed as per the policy terms and conditions. Further, the public liability cover safeguards you against legal liability arising towards third parties for accidents resulting in injury or damage occurring at the venue of the insured event. In India, most insurance companies such as Bajaj Allianz, ICICI Lom...

With rising awareness and courts getting consumer friendly, more aggrieved clients are taking professionals to court. How indemnity insurance minimises the financial impact of such adverse rulings? Read on………. SAMPLE this: An Illinois jury recently awarded the parents of a seven-year-old boy $12 million in a medical malpractice case against the doctor who delivered the ‘disabled’ child. In another case last year, an elderly man’s death brought a $5.25-mn malpractice verdict against a Texas doctor, while a Washington, DC, judge filed a $67-mn lawsuit against his drycleaner just for losing his favourite pair of pants! If you, however, thought such things can happen in western world only, think again. For, India’s premier medical institution AIIMS was also some time back ordered to pay Rs 5 lakh in damages to a woman for surgically removing one of her body parts after wrongly diagnosing that it was affected by cancer. And that’s not the ‘lone’ case of medical negligence or error wh...