Category: Probus In News

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

A critical illness policy covers only certain serious conditions—things like cancer, heart attack, stroke, kidney failure, or major organ transplants. Exactly what’s included is mentioned in the policy document. Just being diagnosed isn’t always enough. The insurer looks at how the illness is defined in the policy and how serious it is before deciding on… Continue reading Critical Illness Policies: Understanding Coverage, Limits, And Payouts

Health insurance premiums in India are expected to rise by 10–15% over the next 12–18 months, according to industry experts, as insurers adjust pricing to keep pace with elevated medical inflation and changing risk profiles. The increases are likely to be gradual and implemented at renewal cycles, but the direction of pricing remains firmly upward.… Continue reading Health insurance premiums may rise 10-15% over next year; experts explain

The terms “100% restoration” or “unlimited restoration” may seem attractive to a lot of people looking for health insurance, since they often give the impression that your coverage will double or become unlimited when you file a claim. However, this is one of the most commonly misunderstood features in health insurance. While restoration can be… Continue reading Why ‘unlimited’ or ‘100% restoration’ benefit in health insurance may not save you from a big hospital bill; here’s what policyholders should know

Increasing health insurance premiums, slow claim processing and concerns around hospital pricing remain significant issues for policyholders. If you have experienced or are dealing with any of these problems, you are not alone. Taking note of these persistent difficulties faced by policyholders, the Insurance Regulatory and Development Authority of India (IRDAI) has formed a new… Continue reading Will your hospital bills fall with new IRDAI move? Know how policyholders will be impacted with the formation of this new panel

Term insurance is a safety net that protects one against life’s uncertainties. What is recommended is not an endowment policy but a pure term insurance that does not pay any money in case the insured is not deceased during the policy period. This might seem like a bad investment, but a term insurance policy is… Continue reading Term Insurance: A Safety Net Today Enables Smarter Investing Tomorrow

With rising medical costs, a multi-year health cover helps to lock-in premiums for three to five years. It also minimises the risks of missing renewals and losing coverage. Multi-year health insurance plans are structured to reward long-term commitment. Insurers offer discounts of up to 10% for a two-year plan and up to 20% for a three- to… Continue reading Buy multi-year health insurance to offset rising premiums