Category: Probus In News

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?

Budget 2024 Industry Sector: Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in the Parliament. This is FM Sitharaman’s seventh consecutive Budget and the newly formed Prime Minister Narendra Modi-led NDA government’s first after general elections this year. The finance minister announced the Budget theme for this year and said that the focus areas for… Continue reading Industry Budget 2024 Highlights: Budget sets stage for driving personal consumption, says India Inc; Here is more on what corporate India feels about Sitharaman’s Budget

According to the Economic Survey 2024, at 11 per cent, health insurance premiums saw the fastest growth among all non-life insurance segments in FY 2023. “Health insurance premiums increased by an estimated 11 per cent, driven by heightened health awareness, supportive government policies, rising medical costs, and innovations in Insurtech. This growth underscores the sector’s vital role… Continue reading Economic Survey: Health Insurance Witnesses Fastest Growth Among Non-Life Insurance; Concerns Remain on Misselling

Importance of the T20 Cricket World Cup Underlining the importance of the T20 Cricket World Cup for brands, Madhavan, EVP, Sales and Marketing, Eurogrip Tyres, said, “Studies show data that cricket has always been effective with our TG (Male 22-40 years). Within cricket, T20 is the platform with the best media reach and impact. And, within T20,… Continue reading Exclusive: T20 triumphs – Leaders on how the T20 Cricket World Cup boosted brand impact

In the heart of India, where vibrant cultures and bustling cities paint a picture of progress, a large number of families still grapple with the stark realities of healthcare access. For many, a single medical emergency can spell financial disaster, pushing them into the depths of poverty. Amidst these challenges, health insurance stands out as… Continue reading Budget 2024–25: Anticipated Reforms in Health Insurance Tax Benefits and Affordability Measures

In a move to address issues such as inflation, and reinsurance costs, leading life insurers such as Max Life Insurance, Bajaj Allianz Life, and ICICI Prudential Life Insurance are going to increase term rates by two to 10 per cent, according to sources in the know of the development. Recently, Tata AIA Life Insurance and… Continue reading Life Insurance Premiums Increased! What Should Policyholders Do?

Union Budget 2024 Live Updates: Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2024-25 in the Lok Sabha on July 23. The Budget for 2024-25 will be the first major economic document of the Modi 3.0 government, which, among other things, is expected to lay the road map for making India a… Continue reading Budget 2024 Expectations LIVE: FM Sitharaman To Push Manufacturing, Job Creation

One of the major reasons for poor adoption of term insurance is the apprehension that the policy will lapse in case one is unable to pay the premium on time. To address this fear, life insurance companies are now offering premium holiday rider and premium delay rider. The premium holiday rider can be selected at the… Continue reading Premium holiday & premium delay riders: Prevent your policy from lapsing with two add-ons

No-cost or Zero cost term insurance is the third variant of term insurance offering, other than the usual plain vanilla term insurance plan and term insurance with return of premium option. Primarily, the policy offers similar benefits as in the usual term plan but at no cost to the policyholders. Herein at the policyholder’s will… Continue reading What is no-cost term insurance? Is it a better offering than plain term plan

In the bustling city of Mumbai, imagine a person who is approaching his 60th birthday. He has worked hard in his career to give everything to his family members. But now he is looking forward to a peaceful retirement. But with this new phase of life came a crucial question: how to ensure financial security… Continue reading Annuities Vs Life Insurance: Understandings the Basics