Category: Probus In News

The world is watching in horror as wildfires engulf parts of California. The wind-driven brush fire in Pacific Palisades and Malibu exploded on Wednesday, January 8, and by late evening, had charred more than 17,200 acres and destroyed approximately 1,000 structures. People had to leave their homes and run for safety. The fire did not… Continue reading Pacific Palisades Wildfire: A Reminder Of Why You Need Home Insurance

Union Budget 2025: अगले महीने फरवरी में आने वाले बजट से सभी सेक्टर को काफी उम्मीदें हैं। भारत में इंश्योरेंस का कारोबार तेजी से बढ़ रहा है, लेकिन अभी भी बहुत से लोग बीमा नहीं ले पाते हैं। सरकार से उम्मीद है कि वह बीमा क्षेत्र को बढ़ावा देने के लिए कुछ नए नियम बनाएगी। सरकार… Continue reading Union Budget 2025: बजट 2025 में सरकार बीमा पहुंच बढ़ाएगी, EV Sector को भी मिलेगा प्रोत्साहन

The upcoming Union Budget for FY25-26, set for February 1st, is drawing keen attention from all corners of India’s economy. Industries spanning infrastructure, IT, telecom, agriculture, healthcare, human resources, and  education are on high alert, anticipating how the government’s fiscal strategy will shape their futures. This piece examines the central hopes and forecasts of industry… Continue reading Industry Wishlist: Exploring Sectoral Expectations for Union Budget 2025-26

A term insurance plan under the Married Women’s Property (MWP) Act will ensure financial protection of the insured’s wife and children in his absence. The insurance pay-out will only go to them and no creditor of any outstanding loan of the insured can stake claim on the amount. In case a woman is opting for… Continue reading Protect insurance payouts from creditors by buying term plan under MWP Act

Earlier, self-employed individuals faced unique challenges in securing term insurance, primarily due to the absence of conventional income documentation. Unlike salaried individuals who can present salary slips or Form 16, self-employed people used to rely on alternative proofs like GST filings, bank statements, or credit histories. However, that’s changed now.   “The requirement for traditional income… Continue reading Term Insurance Policy: Self-Employed Individuals May Face Challenges, How to Get It Right

India’s insurance sector, traditionally dominated by men, has in FY24 witnessed a 62 per cent rise in active female Point of Salespersons (POSPs), compared to the previous year, according to a report on Monday. POSPs play a crucial role as intermediaries, simplifying insurance products for customers and guiding them in policy selection. The report by… Continue reading Indian insurance sector sees 62% surge in female salespersons in FY24: Report

The insurance sector in India underwent substantial changes in 2024 as a result of comprehensive regulatory changes. These initiatives are laying the foundation for a cleaner, more transparent industry with affordable products that ultimately benefit the end policyholders. Regulatory Changes: The lower surrender charges for endowment policyholders were one significant change. This ensures fairness and transparency in the… Continue reading Year Review of 2024 for India’s Insurance Industry and Outlook for 2025

Explore 2024’s defining tech trends and a glimpse into 2025 through the insights of industry leaders. This year-end story captures expert opinions on groundbreaking innovations, challenges faced, and the technologies poised to shape the future.   Jamil Valliani, Head of Product, AI, Atlassian “2025 will be the year of the AI agent. As agents grow… Continue reading Voices of Innovation: Industry Leaders on 2024’s Tech Milestones and 2025’s Promising Trends

The health insurance industry has grown in the last few years as more and more people are learning about the rising healthcare costs, disease awareness leading them to buy health insurance policies for themselves and their family members. These factors encourage individuals to purchase more health insurance, and the health insurance market is experiencing significant… Continue reading The different types of health insurance networks: HMO, PPO, EPO, and POS explained

2024 अपने अंत की तरफ बढ़ गया औ अब कुछ दिनों में 2025 का आगाज हो जाएगा। साल 2024 में शेयर बाजार और महंगाई दर के साथ इंश्योरेंस सेक्टर के सामने भी कई चुनौतियां खड़ी थी। इन चुनौतियों के साथ इंश्योरेंस सेक्टर को कई फायदे भी हुए हैं। हम आपको नीचे बताएंगे कि साल 2024… Continue reading Insurance Sector in 2024: बीमाधारकों को फायदा पहुंचाने वाले बदलाव हुए, पर चुनौतियां भी बढ़ीं