Category: Probus In News

The ongoing conversations around the restructuring of insurance commissions have triggered a much-needed debate on the future of our industry. On one side, there is a strong push toward tightening expenses to drive down premium costs. On the other hand, there is a very real concern about how these changes will impact the vast network… Continue reading The Trust Deficit: Why distribution remains the backbone of Indian insurance

Owners of older vehicles have been worried about whether using E20 petrol can affect their motor insurance claims. The concern came after questions were raised over whether damage in older, non-compatible vehicles could be treated as negligence by insurers. According to a report by Mint, there was concern that if an older vehicle not designed for E20 fuel suffered… Continue reading ICICI Lombard Clarifies E20 Fuel Use Will Not Invalidate Motor Insurance

Did you know that your monthly payment to the EPF (Employees Provident Fund) could also give you the added benefit of a life insurance cover of up to Rs 7 lakh without needing to pay a separate premium? Keep reading to know about eligibility, the claim process and other key details. What is the Employees’… Continue reading Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed

Do you often find yourself spending on doctor visits, medications, or diagnostic tests? If yes, OPD (Outpatient Department) cover could help reduce these out-of-pocket expenses. While regular health insurance mainly takes care of hospitalisation costs, OPD cover offers benefits for certain medical expenses that don’t require you to be admitted to hospital. But since it… Continue reading Should you buy OPD cover in health insurance? Over 40% of healthcare costs are paid out-of-pocket in India

If you weren’t around tomorrow, would ₹1 crore really be enough to safeguard the life you’ve worked so hard to build for your family? If your family’s monthly expenses are over Rs 1 lakh, then a Rs 1-crore corpus might not cut it. Even if invested at 7.5% and regular monthly payouts of Rs 1… Continue reading Why Rs 1 crore term insurance cover in 2026 may not be enough for many families

Images emerging from Delhi’s Malviya Nagar fire are difficult to forget. While the immediate focus remains on supporting affected families and determining the cause of the tragedy, such incidents also prompt a broader conversation about preparedness and protection. Among the questions that arise is how insurance and liability frameworks work in the hospitality sector, and what support mechanisms may… Continue reading Hotel fires: The insurance questions guests and families may face

That occasional cigarette at a wedding or social gathering could cost more than you think. Insurance companies increasingly take a broad view of smoking habits, and even infrequent tobacco or nicotine use may result in 30-50 percent more premium compared with non-smokers. This is because insurance companies are increasingly taking a broader view of tobacco… Continue reading Why occasional and social smokers may not escape higher insurance premiums

MODULAR HEALTH INSURANCE  plans that match your health profile and financial goals can be a better option compared to one-size-fits-all health plans. This ensures you pay only for necessary benefits, such as critical illness protection, wellness features or maternity care. Modular or customised plans are suitable for people across all age groups. Younger individuals should consider buying… Continue reading Protect yourself better with modular health plans

The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations linking the remuneration of key managerial personnel (KMPs) at insurance companies to policyholder outcomes and business performance, while also tightening disclosure requirements to strengthen corporate governance across the sector. Under the new framework, the remuneration of KMPs, beyond just managing directors and… Continue reading IRDAI links insurance executives’ pay to customer outcomes and business performance

For India’s small businesses, digitisation arrived much faster than preparedness. Over the last few years, kirana stores adopted QR payments. Small manufacturers shifted to cloud accounting. Local retailers moved inventory systems online. SMEs embraced GST filings, WhatsApp commerce, UPI collections, and digital banking at unprecedented speed. While India’s MSMEs rapidly digitised operations, one critical layer… Continue reading India’s MSMEs are entering AI era uninsured; not aware of cyberinsurance