Category: Probus In News

Buying insurance in India has never been easier. In just a few taps on a smartphone, anyone can compare plans and purchase coverage within minutes. But accessibility is no longer the real challenge. The real issue is adequacy: will that policy actually protect your family when a crisis hits? Across households, the same costly mistakes… Continue reading The Biggest Insurance Mistakes Indian Families Continue to Make

  For a long time, the growth narrative in the insurance industry was entirely about scale. Getting more done meant hiring more hands to process claims, manage data entry, and sort through piles of policy paperwork. Today, that entire model has been turned on its head. As we look at the workplace landscape for 2026… Continue reading How AI Is Reshaping the Insurance Workforce: The Skills Employees Will Need in 2026-27

  For a long time, insurance buying in India followed a predictable ritual. Every year around January or February, families would scramble to buy a policy simply to save on taxes before the March deadline. More often than not, the plan was bought from a friendly neighborhood uncle who happened to be an agent, and… Continue reading The Rise of the Informed Insurance Consumer: How Technology & Digital Adoption Is Changing the Way Indians Choose Protection

Non-resident Indians (NRIs) are increasingly opting for higher sum assured term plans from India. They are also buying riders to build a comprehensive protection against multiple financial risks through a single policy. The share of NRI purchases of term plans of sum assured Rs 3 crore and above has increased by 35% in the last… Continue reading NRIs opt for higher-cover term plans from India

  Insurtech platform Probus has launched a new Ganesh Utsav brand film, ‘Ek Ganpati Mandap Ki Nazar Se…’, which tells the story of Ganesh Chaturthi through the perspective of a Ganpati mandap. Created using an AI-led production approach, the film follows the mandap as it observes the preparations for Bappa’s arrival, along with devotees’ prayers,… Continue reading Probus explores faith and preparedness in new Ganesh Utsav film

Senior citizens often expect motor insurance premiums to rise because of their age. However, unlike health insurance, private car insurance in India does not ordinarily impose an age-based loading or a separate senior citizen surcharge. “In India, age does not have the same direct impact on motor insurance premiums as it does on health insurance.… Continue reading Do Senior Citizens Pay More For Motor Insurance In India?

A cashless health insurance claim is often understood as an assurance that the patient will not have to pay anything at the hospital. The reality can be quite different. Cashless treatment only changes the way the admissible claim is settled; the insurer pays the approved amount directly to the network hospital. Any part of the… Continue reading Why Cashless Health Insurance Can Still Leave You With A Large Hospital Bill

With medical costs skyrocketing, many people are searching for bigger health insurance coverage at an affordable premium. One strategy to keep those premiums down is to bear part of the medical cost yourself, either through a fixed deductible, a percentage-based co-pay, or sometimes, a combination of both. While the difference might appear minor when you’re… Continue reading Lower premium with higher health insurance coverage: Co-pay vs. deductible, which can save you more

AI gives advisors the ability to act as a proficient risk manager, expert, and consultant. In India, most people don’t buy insurance. They are sold a risk cover without fine prints of Extensibility, Limits, and Exclusions. This would happen by a cousin at a family wedding, during a bank visit or simply due to a… Continue reading From selling policies to managing risks: The power of AI driven policy gap analysis

A health insurance claim may now be checked against more than hospital bills and medical records. During an investigation, a policyholder may be asked to share information from a phone, including Google Maps Timeline or other location data, to establish whether the hospitalisation actually took place. Such information may help an insurer examine a suspicious claim, but… Continue reading Can Insurers Use Your Phone’s Location History To Reject A Health Claim?