Category: Probus In News

Gen Z insurance advisors are emerging as key drivers of policy sales in India, selling nearly 68 per cent more policies per individual than older peers, according to a report by insurtech platform Probus. The findings indicate a growing role for digitally native advisors in expanding insurance penetration, while experienced advisors continue to dominate high-value… Continue reading Gen Z Insurance Advisors Sell 68% More Policies Than Older Peers: Probus

Having your cashless health insurance claim turned down, especially during a medical emergency, can be really stressful. But before you panic about your insurer not covering it, remember that a lot of cashless claims are rejected because of documentation or procedural problems, and these can often be fixed. Keep reading to find out why cashless… Continue reading Cashless health insurance claim rejected? You may still get your claim settled; here’s how

If you have a term life insurance policy to cover your dependants against an unforeseen event, that’s a good start. But how long since you have reviewed if it’s enough? If that appears like a long time, know that buying insurance is not enough; reviewing it periodically is what will make it work for you… Continue reading Why You Should Review Your Insurance Cover at Every Life Stage

Buying insurance in India may soon become as simple as booking a flight or ordering groceries online. With Bima Sugam set to launch in phases, consumers will be able to compare and buy standard insurance products directly from insurers without relying on agents or intermediaries. The platform is expected to begin with relatively straightforward products… Continue reading Can Indians buy insurance without an agent? Bima Sugam may put DIY to the test

As medical costs keep climbing, just one hospital stay in a metro city can easily cost lakhs of rupees. This really highlights how crucial it is to have the right health insurance coverage. A recent study by Policybazaar on medical cost trends from 2013 to 2025 shows a worrying trend: Surgery costs have skyrocketed by… Continue reading How much health insurance cover do you need? Here’s the ideal cover for ₹10 lakh, ₹20 lakh, ₹30 lakh, and ₹50 lakh annual income as per experts

Insurance Regulatory Development Authority of India’s (Irdai) draft proposal to tag every insurance policy to the individual seller could change how mis-selling complaints are examined. The idea is to make every policy traceable to the person who sold or advised on it. For customers, this could make it easier to identify who made the sales… Continue reading Will Irdai’s Proposed Seller Tagging Help Curb Insurance Mis-selling?

When renewing a policy, it is important to consider the renewal as a review of your current policy and not blindly renew it without review. That can turn out to be a costly mistake, according to a post on X by Beshak.org insurance. The tweet warns that health insurance renewal should not be a one-click… Continue reading Don’t Auto-Renew Your Health Insurance Blindly: Here Is Why

The ongoing conversations around the restructuring of insurance commissions have triggered a much-needed debate on the future of our industry. On one side, there is a strong push toward tightening expenses to drive down premium costs. On the other hand, there is a very real concern about how these changes will impact the vast network… Continue reading The Trust Deficit: Why distribution remains the backbone of Indian insurance

Owners of older vehicles have been worried about whether using E20 petrol can affect their motor insurance claims. The concern came after questions were raised over whether damage in older, non-compatible vehicles could be treated as negligence by insurers. According to a report by Mint, there was concern that if an older vehicle not designed for E20 fuel suffered… Continue reading ICICI Lombard Clarifies E20 Fuel Use Will Not Invalidate Motor Insurance

Did you know that your monthly payment to the EPF (Employees Provident Fund) could also give you the added benefit of a life insurance cover of up to Rs 7 lakh without needing to pay a separate premium? Keep reading to know about eligibility, the claim process and other key details. What is the Employees’… Continue reading Rs 7 lakh life insurance cover at zero premium, which very few EPF members are aware of; check how to claim when needed