Category: Probus In News

Heavy rains have led to severe landslides and flooding in Darjeeling, the hill station in North Bengal. It left roads washed away, bridges collapsed, and homes damaged. While over 20 people lost their lives, hundreds of tourists were left stranded. Rescue operations by local authorities are underway, but access to some areas remains cut off.… Continue reading Darjeeling Disaster Strands Tourists, Highlights Importance of Travel Insurance for Natural Calamities

India has a large livestock population, with the 20th Livestock Census of 2019 reporting a total of 537 million animals. This includes 303 million bovines (cattle and buffalo), as well as 239 million other livestock, such as sheep, goats, and pigs. It is worth noting that 86 per cent of farmers, predominantly small and marginal,… Continue reading Why cattle insurance is not a preferred business for most insurers and how to scale it

Are you thinking about travelling abroad soon? You’ll probably want to get travel insurance, as many countries now require travellers to have it before they go. But the good news is that your trip may be a little easier on your wallet, since experts says travel insurance is GST-exemt. This means that you could end up paying… Continue reading Travel insurance: Is it GST free now, how much can you save on your next trip?

Starting September 22, 2025, premiums for individual health and life insurance policies are exempt from GST, meaning policyholders won’t need to pay any GST on these premiums, except for group policies. However, effective September 22, insurers won’t be able to claim any ITC (input tax credit) on their operational services like brokerage, commissions, office rent,… Continue reading Policyholders are unlikely to get full benefit from GST exemption; premiums likely to rise with no ITC benefit

Earlier, you could only get cashless treatment at a hospital that had a formal tie-up with your insurer. That meant patients often had to check a list before admission, and in emergencies, families scrambled to find a “network hospital.” With “Cashless Everywhere,” that restriction is being removed. “Now, policyholders can avail cashless treatment at almost any hospital… Continue reading Cashless Everywhere Isn’t Really Everywhere: Hidden Gaps In The New Health Insurance Promise

You’ve been through a very bad period, and a loved one has just passed away. It’s during these very traumatic and trying times that you have to get involved with that great bugbear – life insurance. Or the benefit from the recently deceased. While this insurance may help you to tide over the trying financial… Continue reading Why life insurance claims get delayed or rejected, and what you can do

Critical illnesses, which include cancer, are expensive to treat; hence, insurance is crucial. A comprehensive health insurance plan covers against critical illnesses, but add-on protections can also come in handy. A critical illness rider attached to a term insurance plan usually works as a handy add-on; however, the scope is limited. The payout is usually… Continue reading Don’t Mistake Riders For Complete Critical Illness Insurance

India’s ambitious push towards greener fuels is facing a fresh challenge — this time from the insurance sector — as concerns mount over vehicle damage from E20 petrol and the possible rejection of claims. While ethanol blending is promoted by policymakers as a solution for environmental, economic, and energy woes, the rollout’s practical implications are… Continue reading India’s Ethanol Push Meets Roadblock As Insurers Warn On E20 Claims

Paid the lump sum premium for your 3-year health insurance or single premium life insurance policy upfront, only to learn that GST on premiums has been slashed from 18% to 0% starting September 22? With the insurance premium, you must have paid GST on all future premium amounts. If you’re now wondering whether you’ll get a GST… Continue reading GST exemption on insurance premium: Will you get a refund if you paid a multi-year premium on your policy?

Term plans are the purest form of life insurance and are an essential part of financial planning. Term plans are available with a host of premium paying term and policy term combinations to choose from.  A good way to think about term-insurance duration is to match the policy period to the years in which one’s… Continue reading Guide To Decide How Long Your Term Insurance Should Last