Category: Probus In News

In a rare but telling case, a Gujarat resident’s health insurance claim was rejected because his Google Timeline didn’t match the hospital location. According to a PTI report, Vallabh Matka from Silvassa was admitted to a hospital in September 2024 for viral pneumonia and later denied reimbursement by Go Digit General Insurance, which flagged discrepancies… Continue reading Man denied mediclaim over Google Maps mismatch: Here’s all you need to know

Small businesses in India are fast-growing, ambitious, and agile—but share a common problem of a lack of financial trust. Even when they are capable of delivering, small and medium sized enterprises (SMEs) often are disqualified or in greater cases get paid late for contracts simply because they can’t produce a bank guarantee. In an environment… Continue reading How Surety Bonds Are Unlocking Growth for Indian SMEs

Term insurance is one of the financial safety nets that protects the future of one’s family. This type of insurance ensures that loved ones remain protected in case of one’s absence and offers peace of mind. However, many people tend to make mistakes unknowingly while buying term insurance plans. Below are some of the most common ones… Continue reading 5 Common Mistakes To Avoid When Buying Term Insurance

Commercial flying depends on medical fitness as much as technical skill. Any sudden illness or medical condition can cost a pilot their licence to fly. To manage this risk, some pilots choose specialised insurance that covers loss of income if they are grounded for health reasons. Known as loss of licence (LoL) insurance, this provides… Continue reading Loss of licence insurance for pilots — what it covers and how it works

Your hospital bill came to Rs 3.5 lakh, and you had a sum assured of Rs five lakh. Yet, you receive a claim of only Rs 3 lakh. One reason for that could be the room rent limit in your policy. Room rent limit in health insurance refers to the maximum amount an insurer will… Continue reading Did You Choose A Premium Room? Your Insurance Claim Amount Might Shrink

Monsoon season brings cool weather and green surroundings; but at the same time it also brings a spike in seasonal illnesses like dengue, malaria, typhoid, and viral flu. Hospital visits and medical bills tend to rise during this time. This is why it becomes even more important for families to ensure their health plan is… Continue reading Is Your Health Insurance Monsoon-Ready? What to Check Before the Season Peaks

While usually it’s not required, single individuals without dependents can indeed benefit from life insurance in case they have financial responsibilities, which could include outstanding debts and potential support for ageing parents. “Life insurance can prevent these financial burdens from falling on family members or co-signers. Additionally, purchasing coverage while young and healthy typically results in lower premiums,… Continue reading Do Single Individuals Need Life Insurance?

Since medical costs are rising rapidly, insurance is a must. However, some hospitals may charge you more just because you are insured by a health insurance cover. This might be a concern, especially if the treatment does not fall under a pre-listed package. Says Sarita Joshi, head, health and life insurance, Probus: “Bill inflation in… Continue reading Overbilled At Hospital: Here’s What Every Policyholder Must Know

Heading abroad for higher education is exciting, but navigating health insurance can be tricky. International students often make costly mistakes that can leave them vulnerable in a new country.  From choosing inadequate plans to ignoring the regulations of the country, these errors can lead to financial stress or denied claims.  Rakesh Goyal, Director of Probus,… Continue reading Heading to a new country for higher education? Avoid these 5 common health insurance mistakes

Most health insurance policies will require a medical test. However, some insurers may offer you a health policy even without a medical check-up, especially if you are young. These policies are normally available for those aged 18-45 years. At this age, insurers assume lower health risks and issue the policy almost immediately with minimal paperwork.… Continue reading No Medical Test Needed? Here’s The Hidden Catch In Instant Health Policies