Category: Probus In News

IRDAI POSP registration 2026 is your gateway to a flexible, rewarding career in India’s fast-growing insurance sector. Whether you’re a recent graduate, a career switcher, or someone looking for a second income stream, becoming a Point of Sales Person (PoSP) Advisor is one of the most accessible paths into the insurance industry. This guide walks you through the… Continue reading Monthly Income Or Lump Sum: Which Life Insurance Settlement Works Better for Families

What happens when you welcome a bundle of joy? Can you cover the baby from Day 1? If not, what are the limitations? Let us take a look. The newborn baby cover is an optional cover that can be opted into under both group and family health insurance policies. In respect of both, the coverage… Continue reading Newborn Insurance Cover: The Hidden Gaps Every Parent Must Know

Given the market volatility, investors of unit-linked insurance plans (Ulips) should consider fund switching to optimise growth potential while managing risk. This will enable them to dynamically manage their portfolio without any additional cost. Investors should allocate a larger portion of their funds now to large-cap or diversified equity funds, which tend to be relatively more stable. As… Continue reading Market correction offers Ulip investors chance to rebalance their portfolios based on risk appetite

After five years of continuous coverage, Abhishek Shukla, 29, a Mumbai-based finance professional, ported his family floater health insurance policy in September 2024 as he was dissatisfied with the offerings. At the time of porting, he was assured that the waiting period benefit he had accumulated in the previous policy for certain diseases would continue… Continue reading Excluded! What Insurance Agents Won’t Tell You

As heatwaves intensify across India, dehydration, heatstroke and infections remain key seasonal health risks, with experts outlining how these conditions present and how they are covered under health insurance. Bhagat Vachhaney, Associate President – Employee Benefits and Head of Benefit Consulting at Howden India, said heat-related illnesses range from direct impacts such as heatstroke, heat… Continue reading Heatwave conditions: Common illnesses and what insurance typically covers

With college costs rising steadily at home and abroad, parents are now looking to build an education fund of around Rs 1 crore. The financial goal is achievable without taking excessive risks, provided you start early and follow a disciplined plan. The first step is to understand the power of time. If the child is very… Continue reading How to build a Rs 1-crore education fund for your child without taking big risks

There’s a pattern that repeats itself far too often in Indian households. A family faces a medical emergency or a sudden loss, policy document in hand, certain that they are protected. And then the reality sets in, not because the insurer failed them, but because the policy bought years ago simply wasn’t built for the… Continue reading Think You’re Covered? What Most Indians Overlook in Insurance Plans

Sub-limits for room rent generally refer to an existing health insurance policy’s limits and define the maximum daily limit a policyholder is eligible for use of a room in a hospital. What Are Room Rent Sub-Limits And How Do They Work? “When the cost of the room selected exceeds the limit outlined in the policy,… Continue reading How Room Rent Sub-Limits Can Shrink Your Health Insurance Claim

Large parts of the country are back under heatwave conditions, with Bihar, West Bengal, Odisha, Jharkhand, Uttar Pradesh, Rajasthan, and Madhya Pradesh among the worst hit. The rising temperatures are now beginning to show up in hospitals, with more cases of heatstroke and related illnesses being reported. Those who have to spend long hours outdoors,… Continue reading Heatwaves And Insurance: What Determines A Valid Heatstroke Claim?

Health insurers are increasingly selling policies that promise “unlimited” cover. It is generally means there is no upper limit on the policy sum insured, offering a cushion against rising medical costs. It sounds like a safety net with no ceiling but a close reading of policy documents reveals a different picture. The word “unlimited” often comes with conditions,… Continue reading Unlimited health insurance cover does not mean zero out-of-pocket expense. Here’s what you need to know