Category: Probus In News

The ongoing monsoon in India is a time when we should watch not just the skies and the downpour, but also carefully scrutinise the fine print of our home insurance policy. The mere assumption that one has such an insurance policy and any claims arising from such climatic events will automatically be covered is an… Continue reading Monsoon Home Insurance: Focus on fine print, cheap premiums could cost you dearly

Heavy monsoon rain can leave vehicles submerged, damaged by falling trees or involved in accidents on slippery roads. Although comprehensive motor insurance covers several such losses, claim settlement depends on how the damage occurred and what the policy includes. Monsoon Damage Covered, But Conditions Apply Comprehensive motor insurance generally covers flooding, inundation, landslides, hailstorms, fallen trees… Continue reading Monsoon Flooding Raises Motor Claims: What Your Policy Covers And When Insurers May Reject Damage

Missing a term insurance premium can happen to anyone, whether it’s because of a financial crunch, a hectic schedule, or just forgetting the due date. But does one missed payment mean your family’s financial protection is gone altogether? Not necessarily. Here’s what happens after you miss a term insurance premium and the options available to… Continue reading Missed your term insurance premium? Here’s what happens to your policy, claim, and life cover

Gen Z insurance advisors are emerging as key drivers of policy sales in India, selling nearly 68 per cent more policies per individual than older peers, according to a report by insurtech platform Probus. The findings indicate a growing role for digitally native advisors in expanding insurance penetration, while experienced advisors continue to dominate high-value… Continue reading Gen Z Insurance Advisors Sell 68% More Policies Than Older Peers: Probus

Having your cashless health insurance claim turned down, especially during a medical emergency, can be really stressful. But before you panic about your insurer not covering it, remember that a lot of cashless claims are rejected because of documentation or procedural problems, and these can often be fixed. Keep reading to find out why cashless… Continue reading Cashless health insurance claim rejected? You may still get your claim settled; here’s how

If you have a term life insurance policy to cover your dependants against an unforeseen event, that’s a good start. But how long since you have reviewed if it’s enough? If that appears like a long time, know that buying insurance is not enough; reviewing it periodically is what will make it work for you… Continue reading Why You Should Review Your Insurance Cover at Every Life Stage

Buying insurance in India may soon become as simple as booking a flight or ordering groceries online. With Bima Sugam set to launch in phases, consumers will be able to compare and buy standard insurance products directly from insurers without relying on agents or intermediaries. The platform is expected to begin with relatively straightforward products… Continue reading Can Indians buy insurance without an agent? Bima Sugam may put DIY to the test

As medical costs keep climbing, just one hospital stay in a metro city can easily cost lakhs of rupees. This really highlights how crucial it is to have the right health insurance coverage. A recent study by Policybazaar on medical cost trends from 2013 to 2025 shows a worrying trend: Surgery costs have skyrocketed by… Continue reading How much health insurance cover do you need? Here’s the ideal cover for ₹10 lakh, ₹20 lakh, ₹30 lakh, and ₹50 lakh annual income as per experts

Insurance Regulatory Development Authority of India’s (Irdai) draft proposal to tag every insurance policy to the individual seller could change how mis-selling complaints are examined. The idea is to make every policy traceable to the person who sold or advised on it. For customers, this could make it easier to identify who made the sales… Continue reading Will Irdai’s Proposed Seller Tagging Help Curb Insurance Mis-selling?

When renewing a policy, it is important to consider the renewal as a review of your current policy and not blindly renew it without review. That can turn out to be a costly mistake, according to a post on X by Beshak.org insurance. The tweet warns that health insurance renewal should not be a one-click… Continue reading Don’t Auto-Renew Your Health Insurance Blindly: Here Is Why