Category: Probus In News

A family floater policy is a good and cost-effective way to get health insurance for your entire family, but does it make sense to include your elderly parents? We take a look. Why It Is Not A Good Idea To Add Your Parents To A Family Floater Plan  Adding elderly parents to a family floater plan can… Continue reading Why Adding Parents To Your Family Floater Can Backfire On Premiums

In a talent-hungry market, small and medium enterprises (SMEs) are reaffirmed with a tough lesson that salary alone will not buy loyalty. As employees become increasingly aware of their health and financial well-being, benefits such as group health and accident insurance are emerging as critical development factors for retention. Programs that were previously viewed as… Continue reading Group Health and Accident Insurance: SMEs bet on health-related benefits to retain employees

The internet has certainly made things easier, and one of the innovations that the net has given is in insurance, specifically buying health insurance online. You can easily compare and contrast the options available at the click of a mouse, within the comfort of your home or office. “Online buying has certainly made health insurance… Continue reading Buying health insurance online? Here are some common mistakes to avoid

Do you live in Delhi-NCR, Mumbai, or any other metro city? If yes, chances are that you are paying a higher health insurance premium as compared to a same-aged individual who’s living in Kodaikanal or Tripura. This, despite you guys being in similar health and purchasing the same policy!  Wondering why? Insurers cite higher medical costs, steeper… Continue reading Do you live in metros like Delhi, Mumbai? Here’s why you may end up paying higher premiums

The Insurance Regulatory and Development Authority of India (Irdai) has mandated that all health insurance policies cover Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy (AYUSH) treatments. The industry is definitely intended and moving forward in the right direction, but the benefits are still not as flexible as regular hospitalization coverage. Insurers are paying more… Continue reading Insurers Expand AYUSH Benefits—With Caps, Caution, And Caveats

Often, when you are caught up in the thrill of buying a new car, you might have done your homework to snag a great deal on your vehicle, but you might still end up losing money by opting for a pricey car insurance policy. This happens because most people tend to buy their first car… Continue reading New car buyers alert: The smart way to choose your car insurance policy

There is no requirement or condition in a health insurance policy that old test reports, prescriptions, or treatment histories must be produced. The past treatment history and other particulars will be recorded by the hospital where the insured is admitted for treatment, and further courses of treatment will be decided accordingly by the treating doctor.… Continue reading Why A Simple Medical File Can Speed Up Your Health Insurance Claim

Convertible term insurance is a term insurance policy that initially provides coverage for a fixed term. However, it allows the policyholder to convert it into a permanent (whole or endowment) policy without undergoing a fresh medical exam. We take a look at whether such policies make sense and whether you should convert. Convertibility Allows Upgrading… Continue reading Convertible Life Insurance: Does It Make Sense, And Should You Convert?

The Ayushman Bharat–Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) offers Rs 5 lakh annual coverage per family for secondary and tertiary healthcare. According to media reports, eligible families can now extend this limit to Rs 10 lakh. This is due to a special top-up introduced for senior citizens aged 70 and above. Extra Rs 5 Lakh… Continue reading Ayushman Bharat’s New Senior Cover Helps, But Out-of-Pocket Gaps Remain

Did you know that in India, more than Rs 25,000 crore is lying unclaimed in insurance policies with different insurance companies? This happens because policyholders either forget to make a claim or their nominees are unaware that such policies exist. In many instances , families miss out on these dormant funds due to outdated bank… Continue reading Have unclaimed insurance amount? Here’s how to check and claim your hidden wealth