Category: Probus In News

In an interaction with TechGraph, Anand Agarwal, Chief Technology Officer of Probus, outlined how insurance in India is shifting from a compliance-driven purchase to a core element of personal financial protection, and how the company is strengthening its technology backbone to combine digital convenience with trusted advisory support for more informed, long-term coverage decisions. He also… Continue reading Beyond Tax Savings: Probus CTO Anand Agarwal on Redefining Insurance for Modern Financial Security

Health insurance is not a one-size-fits-all product. You can customize your health insurance policy according to your needs. However, you need to balance coverage, features, and affordability smartly. How To Customise Your Insurance Plan  Before choosing a customized insurance plan, understand your personal health profile by getting a basic health check-up to spot any existing or potential… Continue reading Tailor Your Health Insurance: The Smart Way To Get The Right Coverage

Converting the group health insurance policy to an individual cover policy is a smart move for those facing a career transition or retirement. It will ensure continued coverage, protect against pre-existing diseases and safeguard from the financial risk of coverage gap. The individual can increase the sum insured, include riders like outpatient department (OPD) cover… Continue reading Changing jobs? Convert group health cover to individual plan

Home loan insurance guarantees that if the borrower dies or becomes permanently disabled, the insurer will pay the bank the outstanding amount due on the loan. This way, the borrower’s family won’t inherit the burden of the debt, nor will the borrower lose the property to foreclosure. In India, this type of insurance is typically… Continue reading Home Loan Insurance: How It Protects Families And Finances

Cancer treatment can wipe out your hard-earned savings that you had built up over years in just a few months if you or any of your family members is diagnosed with this deadly disease. Plus, there are plenty of such life diseases that also require costly treatments. Any critical illness diagnosis can be a big shock, even for… Continue reading Does your health insurance policy cover cancer, stroke and other critical illnesses? Here’s what to check and what to do

If your life insurance company or general insurance company has delayed, mishandled, or worse, outrightly rejected your claim without any valid reason or by citing vague exclusions, you don’t have to let it slide. Policyholders can approach the Bima Lokpal, or Insurance Ombudsman, to resolve their disputes with the insurer without incurring any costs. Read on to know more about how… Continue reading Have an insurance claim-related grievance? Here’s how you can file a complaint with the Bima Lokpal, or Insurance Ombudsman

The insurance regulator has repeatedly emphasised the importance of expanding insurance coverage in rural areas through regulations in 2005, 2015, 2020, and most recently in 2024. Although insurance companies have assured IRDAI of adopting suitable local measures, rural insurance penetration remains low. Despite IRDAI’s consistent focus on rural outreach and setting targets for the rural… Continue reading Unrealised Potential: Rural Insurance in India

With stricter visa rules and a large number of Indians facing rejections for popular destinations lately, a visa rejection rider in travel insurance can be a financial safety net. It will cover losses such as pre-booked flight tickets, hotels, and other non-refundable expenses. In the first half of this financial year, Policybazaar, an online insurance aggregator, has seen the… Continue reading Pack in a visa rejection rider 

Achieving profitability in health insurance involves aligning premium growth more directly to medical inflation rather than trends in the overall inflation. “Medical costs in India have shown a persistent high ‘medical trend’ (double-digit in many surveys), driven by technology, input costs, and provider market dynamics,” says Narendra Bharindwal, president, Insurance Brokers Association of India (IBAI).… Continue reading Health Insurance May Become Unviable In 3-5 Years Without Medical Inflation Control

Heavy rains have led to severe landslides and flooding in Darjeeling, the hill station in North Bengal. It left roads washed away, bridges collapsed, and homes damaged. While over 20 people lost their lives, hundreds of tourists were left stranded. Rescue operations by local authorities are underway, but access to some areas remains cut off.… Continue reading Darjeeling Disaster Strands Tourists, Highlights Importance of Travel Insurance for Natural Calamities