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The insurance sector is in the midst of a profound transformation, with technology driving the change and reshaping its future. At the center of this shift is the Insurtech industry, which is increasingly relying on machine learning (ML) to enhance policy design, improve the accuracy of risk assessments and other range of issues. The shift… Continue reading Revolutionising insurance: How machine learning is driving personalised policy solutions

Health insurance has become essential to financial planning, especially in India, where medical expenses are rising rapidly. But many people ask a common question: “When is the right age to purchase a health insurance policy?” The answer is simple — the sooner, the better. Let’s explore why. Why Early is Better? Lower Premiums: Health insurance… Continue reading What Is The Right Age To Purchase A Health Insurance Policy?

Buying a term plan where the sum assured goes up to match the growing responsibilities is ideal for young people. Such a policy helps combat inflation by ensuring that the coverage remains adequate even as the cost of living rises, providing long-term financial security for their loved ones. Typically, young people at the beginning of… Continue reading Future-proof your term insurance plan

For landlords who rely on rental income as a steady source of earnings, a loss-of-rent cover is a must-buy before letting out their property. It safeguards the returns on investment by compensating them for the loss of rent when the property is under repair up to the limits defined under the policy. Given the uncertainties… Continue reading Take cover for potential rental income loss

Insurance companies are offering combo plans with life and health cover in a single policy. Policyholders have a single point of contact for all their insurance needs, making it easier to track coverage, pay premiums, and handle claims. In combo plans, policyholders are covered for both life-threatening events and medical expenses. This ensures that policyholders and… Continue reading Bundled health and life cover plans can be cost-effective

Individuals, especially senior citizens, should take an add-on policy that covers pre-existing diseases such as asthma, hypertension, diabetes from day one by paying an extra premium. This will ensure comprehensive coverage for health conditions that require regular check-ups, treatment and reduce the out-of-pocket expenses. Pre-existing diseases such as diabetes and hypertension are now quite common… Continue reading Take add-on covers with the shortest waiting period

Life insurance is a crucial financial safety net that provides for one’s family in the unfortunate event of the policyholder’s death.However, one of the most sensitive and often misunderstood aspects of life insurance is whether it covers death by suicide. This article aims to clarify this complex issue in the context of life insurance policies… Continue reading Is suicide covered under life insurance in India?

It is that time of the year when the monsoons do not just bring us relief from the heat, but can also leave the roads waterlogged.  Waterlogging can cause severe damage to your car, especially to the engine and gearbox. Attempting to restart a car submerged in water can cause more damage and worsen the… Continue reading Car Stuck In The Road Due To Water Logging? Here Is How Your Car Insurance Can Help

Individuals and families benefit from life insurance, which is a key component of financial planning. In an unpredictable world, it provides financial security and ensures that loved ones are safeguarded in the event of an unexpected death. However, researching the maze of life insurance alternatives can be overwhelming. A basic grasp of the two principal types of… Continue reading Participating vs. Non-Participating Life Insurance: What’s the difference and why it matters?

On a particularly cool June night in Meerut, Uttar Pradesh, 60-year-old Ashish Jha found himself reeling from severe chest pain. A visit to a nearby hospital didn’t help. His insurance policy, meant to be a lifeline, was unable to provide cashless treatment for his heart surgery as the hospital lacked the facilities for cashless claims… Continue reading IRDAI is targeting 100% cashless hospital treatment by July 2024, but is it viable?