Category: Probus In News

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

Despite traditionally having one of the lowest divorce rates in the world, currently estimated at around 1.1%, India has seen a steady increase in divorce cases in recent years. This trend is attributed to the growing complexities of modern life, as noted in a report by the United Nations. Divorce is a challenging journey, especially when children… Continue reading Why is it essential to update child insurance policies after a divorce? Here are 6 key reasons

Mumbai | Probus, the Insurtech company, has announced its partnership with Star Sports India for the T20 World Cup 2024. As one of the Action replay partners to the prestigious tournament, Probus is set to enhance its presence and reach in the Indian markets. Along with this, the collaboration will also enable Probus to establish… Continue reading Probus Insurance partners with Star Sports India for T20 World Cup 2024

Like your mobile number, it is possible to port your health insurance policy. The Insurance Regulatory and Development Authority of India (Irdai) has introduced health insurance portability to empower policyholders across the country. “This option allows individuals to transfer their health insurance policies seamlessly to another insurer if they are dissatisfied with their current coverage or services. By… Continue reading Port Your Health Insurance Policy To Ensure Same Coverage

With rising costs of healthcare, health insurance is mandatory for all. Astandard health insurance policy covers your medical expenses when you are hospitalised. However, there are a plethora of medical expenses which does not require one to be hospitalised. These can be doctor consultations, clinic visits, diagnostic treatments and so on and these can burn… Continue reading OPD Insurance: Trim Your Medical Bills

If a policyholder wants to exit his life insurance policy during the initial years, he will get a higher refund from the insurance company now. After several rounds of discussions and proposals, the Insurance Regulatory and Development Authority of India (IRDAI) has ordered a higher special surrender value (SSV) for traditional endowment policies. Now, the… Continue reading Higher refund on premature exit from life insurance policy as IRDAI introduces new surrender value rule; check how much you will get