Category: Probus In News

What is the best way to insure ageing parents? Should children buy a separate health insurance policy for them, or should parents get their own coverage after turning 60? Alternatively, is it better to add them to an existing family floater? Insurance advisers often recommend separating the risk, as choosing other options can significantly affect premiums, coverage… Continue reading Is it better to buy separate health insurance for your parents or include them in your family floater?

Health insurance policies in India are structured to cover hospitalisation arising from infectious diseases, including newly identified viral outbreaks, provided the policy is active and terms and conditions are met, industry experts said. The comments come amid renewed concerns over high-severity infections such as Nipah and Mpox, which can require prolonged hospital stays, intensive care,… Continue reading Explained | Coverage, limits and gaps in health insurance for severe infections

According to news reports, a man paid Rs 50,000 as a premium, yet his claim was denied when his mom fell ill. The insurance company cited the reason that proper disclosures were not made when it took the insurance policy. When you take an insurance policy, the onus is on you to make proper disclosures.… Continue reading Think You’re Covered? Why Full Disclosure Is The Make-Or-Break Moment In Insurance Claims

Health insurance for parents, who are usually senior citizens, can be quite pricey. While there are options out there, they often come with a bunch of terms and conditions, such as co-payment clauses, exclusions for pre-existing illnesses, waiting periods, mandatory medical checkups, and more. Buying a policy for yourself is one thing; buying one for… Continue reading Getting adequate health insurance coverage for parents makes you lose hope? Check these 5 options that enable you to get higher coverage for senior citizens

When buying health insurance, cheaper premiums may seem attractive, but they may not be a wise choice, as medical bills can bite later. “A lower premium does not automatically translate into lower overall cost at the time of claim. Many affordable health insurance plans achieve reduced premiums by incorporating cost-sharing features such as co-payments, room-rent… Continue reading Why Affordable Health Insurance Isn’t Always Affordable

Non-resident Indians (NRIs) are preferring to buy term insurance policies from India as they are 20-50% cheaper as compared with those bought from the US, UAE or Singapore. This gap can translate into substantial long-term savings, especially for higher cover amounts. Moreover, Indian insurers offer large sum assured options and long tenures, making it easier to align protection… Continue reading NRIs can save big-time on premium by buying term plans in India

Term insurance is a crucial part of one’s personal finance planning. However, term insurance is only important in certain stages. When you do not have dependents, term insurance may not make sense. Exit After Financial Stability “The amount of savings and investments needed before dropping term cover varies, but a common benchmark is having assets… Continue reading Term Insurance Isn’t Forever: Knowing The Right Exit Point

According to the National Institutes of Health, new cancer cases in India have increased from approximately 13.9 lakh in 2020 to 15.7 lakh in 2025. Every year, an estimated 1,41,342 cases of oral cavity cancer and nearly 1.8 lakh cases of breast cancer are diagnosed in India. The statistics are scary, and since cancer treatment… Continue reading World Cancer Day: Cancer Is Rising. Health Insurance Must Catch Up

The corporate verdict on Union Budget 2026 is largely one of relief and reassurance. Industry leaders across sectors have welcomed the Finance Minister’s decision to prioritize policy continuity over populist measures. The recurring theme in boardroom reactions is “stability.” Executives have lauded the 9% hike in capital expenditure to ₹12.2 lakh crore, viewing it as… Continue reading Union Budget 2026: The Industry verdict is in

Regular health insurance in India can only provide support when you are admitted to a hospital because of cervical cancer. Coverage for surgery, chemotherapy, radiotherapy, and other hospital-based treatments will be available from the policy as long as the treatment is within the limits specified. After diagnosis, treatment for the condition can typically be covered… Continue reading What Your Health Insurance Won’t Pay For In Cervical Cancer Care