Category: Probus In News

Fire insurance premiums have fallen sharply this year, but a cheaper policy does not necessarily mean better value for homeowners.Premiums in the fire insurance segment fell 28% in the first four months of the financial year to ₹10,062 crore in April-July, from ₹14,063 crore a year earlier, according to General Insurance Council data.Aggressive discounting, particularly… Continue reading Fire insurance gets cheaper, but here’s why homeowners should look beyond the premium

Health insurance premiums typically increase with age, and policyholders may find a large sum insured harder to maintain. Yet a lower premium may come at the cost of protection just when medical risks and treatment expenses are rising. Before trimming cover, policyholders need to assess duplication, family composition, health history, employer cover and their capacity… Continue reading Should You Reduce Your Health Insurance Cover When Premiums Rise?

Being young, healthy and covered by your employer can make buying a separate health insurance policy seem unnecessary. But employer cover can stop if you leave the organisation. A job change, layoff, sabbatical or move into entrepreneurship could therefore leave you without the same level of health protection. An unexpected accident, hospitalisation or illness can… Continue reading Should young professionals buy health insurance beyond their employer cover?

A health insurance policy will permit treatment anywhere in the country but can have a specific co-pay if treatment is taken outside the selected zone. Therefore, before buying a policy, you should understand the geographical coverage and the circumstances under which a co-pay is triggered. In a co-pay, the policyholder has to bear a specified percentage… Continue reading Your health plan’s co-pay kicks in if you switch to a metro hospital

Artificial Intelligence Insurance: In 2018, Amazon discovered that an experimental recruiting tool had learned to penalise resumés containing the word “women’s”—including references like “Women’s Chess Club.” The company had no idea the algorithm had absorbed this bias from historical hiring data. It abandoned the tool. But the episode exposed a deeper problem: who bears the cost… Continue reading Who Pays When the AI Gets It Wrong? Inside the Race to Insure Artificial Intelligence

भाई-बहन के प्रेम और सुरक्षा के प्रतीक पर्व रक्षाबंधन पर अब उपहारों के मायने तेजी से बदल रहे हैं। देश की युवा पीढ़ी यानी Gen-Z अब पारंपरिक मिठाइयों और महंगे गैजेट्स से आगे निकलकर अपनों को ‘वित्तीय सुरक्षा’ (Financial Protection) का तोहफा देने पर जोर दे रही है। प्रोबोस इंश्योरेंस (Probus Insurance) के डायरेक्टर राकेश… Continue reading Raksha Bandhan 2026: इस रक्षाबंधन चॉकलेट नहीं, भाई-बहन को दें हेल्थ इंश्योरेंस का गिफ्ट; Gen-Z का बदल रहा अंदाज

A recent social media post left many people shocked. An X user, Nikhil Jha, said a reputed hospital in Mumbai charged one of his followers Rs 11.04 lakh for a hernia surgery. While the post triggered a debate—with many questioning the lack of details such as hospital discharge summary or whether the patient had other… Continue reading What ails India’s non-life insurance segment?

If you are an NRI with major financial liabilities in India, buying a life insurance policy here can be an effective way of protecting those obligations. Indian insurers allow NRIs to buy life insurance, but the process involves additional KYC, underwriting and payment requirements compared with resident Indians. Here is what NRIs should know before… Continue reading NRI life insurance protection plans can be 50–60% cheaper in India: Should you buy here or in your country of residence?

If you want to ring-fence money for defined goals such as children’s education, marriage or retirement, consider guaranteed return life insurance plans. They combine life coverage with tax-free survival benefits, offering yields that outpace fixed deposits. In a volatile market, guaranteed return life insurance plans provide certainty by locking in a fixed survival benefit. Insurers are designing products… Continue reading Guaranteed return policies give higher returns than FDs

Finding a safe parking spot is increasingly difficult in crowded Indian cities. Cars are often left on roadsides, in no-parking zones or in locations exposed to theft, flooding, falling trees and accidental damage. While a comprehensive motor insurance policy covers several such risks, where and how a vehicle was parked can become relevant when an… Continue reading Park At Your Own Risk: How India’s Parking Crunch Could Dent Your Car Insurance Claims And Coverage