Category: Probus In News

In a major patient care financing, the scope of health insurance is evolving. Traditionally focused on hospitalisation and acute care, insurers are now integrating everyday wellness into their offerings. IRDAI (Insurance Regulatory and Development Authority of India), has meticulously begun to match what real Indian families need. This shift reflects a broader strategy: improving long-term… Continue reading India’s health insurance expands beyond hospitals to enter everyday care

The Goods and Services Tax (GST) is getting its biggest update since 2017, and one of the most notable changes affects individual life and health insurance. From September 22, 2025, premiums for these policies are expected to be fully exempt from GST. This could make insurance more affordable for millions of households and encourage wider… Continue reading Life and health insurance premiums exempt from GST: How much will you save?

You can port your health insurance policy if you are not happy with it. However, there is a need to understand that the portability in health insurance is not unconditional, like mobile number porting, where one can easily switch from one service provider to another. Portability Comes With Conditions, Not Guarantees “In health insurance, porting is subject… Continue reading Health Insurance Portability: Not As Simple As Mobile Number Porting

Incorporating terrorism into coverage enables insurers to offer travel insurance policies that protect consumers financially when a medical emergency, trip cancellation, or accidental death occurs due to terrorism. Wars or terrorist activities can affect your travel; however, there is a marked difference in how travel insurance covers both. We take a look. Insurers keep a… Continue reading Travel Insurance Explained: The Fine Line Between Terrorism And War

India’s outpatient department (OPD) spending reached $37.7 billion in FY24, yet insurance penetration for OPD remains below 0.1%. OPD insurance typically covers expenses during outpatient visits, including doctor consultations, diagnostics, pharmacy bills, and preventive check-ups. Despite rising out-of-pocket costs, adoption of OPD coverage remains limited. According to Dr Suman Katragadda, CEO of Heaps.ai, the low… Continue reading India sees surge in OPD spending, but insurance adoption remains limited: Experts

According to news reports, over 650 private hospitals have halted Ayushman Bharat services. This means that if you are not covered under private health insurance, you will have to shell out money from your own pocket for treatment. When private hospitals stop accepting insurance plans like Ayushman Bharat, patients often lose the option of free cashless… Continue reading With Private Hospitals Halting Ayushman Bharat Services, Private Insurance Is A Must

When purchasing insurance, many individuals often focus on one metric — the claim settlement ratio (CSR). While CSR is an important indicator, experts say it should not be the only factor guiding your decision. Understanding the policy details, the insurer’s financial health, and customer experience can make a significant difference in your long-term financial security.… Continue reading How to choose the right insurance in India

Any move to scrap or slash the Goods and Services Tax (GST) on insurance policies will improve affordability and hopefully increase penetration, thus improving the financial security for millions in India. Currently, most life and non-life insurance policies fall under the higher GST bracket of 18%, undesirable for a basic necessity.  This has long been… Continue reading Will govt reduce or scrap GST on health and life insurance?

India is a leading destination for medical tourism, attracting millions of patients from all over the world for cheaper treatments. For the same reason, if you are a Non-Resident Indian (NRI), it might make sense to buy a health insurance policy in India. Why It Makes Sense  Some of the elective surgeries, such as hip replacement, cataract surgery,… Continue reading Planned Surgeries? NRIs May Save Big By Getting Treated In India

A day comes when we stop working, but life does not stop. With increased life expectancies, financial planning for retirement is even more important. After 60, the likelihood of falling ill also increases, and thus, medical expenses also tend to go up. Insurance companies offer a product called pension plans. The idea is simple. Pension plans are… Continue reading A Pension Plan Can’t Be Your Whole Retirement Strategy: Here Is Why