Category: Probus In News

Health insurance is vital for everyone, especially because the increase in health care costs due to increases in hospital costs, new technology, and a higher utilization of private clinics has caused medical inflation in India to be 10-14 per cent. However, health insurance is not something you can buy and forget. Why You Need To… Continue reading How Often Should You Upgrade Your Health Insurance

In India, premiums tied to wearable devices are currently undergoing trials and have not yet proven to be a viable means of lowering overall insurance costs. Nevertheless, they create incentives for users to engage in healthier behaviours as well as provide insurers with better visibility into the true risk profile of a policyholder in real… Continue reading Health Wearables Offer Incentives, Not Meaningful Premium Cuts

Air pollution during winter in northern Indian cities is not a new phenomenon. Every year, many cities across north India face severe air quality conditions, with the Air Quality Index (AQI) often touching hazardous levels and remaining there for prolonged periods. Controlling winter air pollution has proven to be a major challenge for authorities, leading… Continue reading Can Rising Air Pollution Make Health Insurance Costlier? What Policyholders Should Know

A term insurance plan with return of premium (TROP) is an attractive option for individuals seeking both life coverage and a potential return on their premiums. It is ideal for those who seek certainty over market-linked returns. However, these plans come with higher premiums, around 1.8x to 2x the cost of regular term plans, due… Continue reading A term plan that refunds your money if you survive

Insurance Amendment Bill 2025: A bill proposing to raise the Foreign Direct Investment (FDI) limit to 100% in the Insurance sector has been tabled today in Lok Sabha by Union Finance Minister Nirmala Sitharaman. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 aims to amend the Insurance Act, 1938, the Life Insurance… Continue reading Insurance Amendment Bill 2025: FM Tables Proposal To Allow 100% FDI In Insurance; Key Changes

A family floater policy is a good and cost-effective way to get health insurance for your entire family, but does it make sense to include your elderly parents? We take a look. Why It Is Not A Good Idea To Add Your Parents To A Family Floater Plan  Adding elderly parents to a family floater plan can… Continue reading Why Adding Parents To Your Family Floater Can Backfire On Premiums

In a talent-hungry market, small and medium enterprises (SMEs) are reaffirmed with a tough lesson that salary alone will not buy loyalty. As employees become increasingly aware of their health and financial well-being, benefits such as group health and accident insurance are emerging as critical development factors for retention. Programs that were previously viewed as… Continue reading Group Health and Accident Insurance: SMEs bet on health-related benefits to retain employees

The internet has certainly made things easier, and one of the innovations that the net has given is in insurance, specifically buying health insurance online. You can easily compare and contrast the options available at the click of a mouse, within the comfort of your home or office. “Online buying has certainly made health insurance… Continue reading Buying health insurance online? Here are some common mistakes to avoid

Do you live in Delhi-NCR, Mumbai, or any other metro city? If yes, chances are that you are paying a higher health insurance premium as compared to a same-aged individual who’s living in Kodaikanal or Tripura. This, despite you guys being in similar health and purchasing the same policy!  Wondering why? Insurers cite higher medical costs, steeper… Continue reading Do you live in metros like Delhi, Mumbai? Here’s why you may end up paying higher premiums

The Insurance Regulatory and Development Authority of India (Irdai) has mandated that all health insurance policies cover Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy (AYUSH) treatments. The industry is definitely intended and moving forward in the right direction, but the benefits are still not as flexible as regular hospitalization coverage. Insurers are paying more… Continue reading Insurers Expand AYUSH Benefits—With Caps, Caution, And Caveats