Category: Probus In News

A term insurance plan under the Married Women’s Property (MWP) Act will ensure financial protection of the insured’s wife and children in his absence. The insurance pay-out will only go to them and no creditor of any outstanding loan of the insured can stake claim on the amount. In case a woman is opting for… Continue reading Protect insurance payouts from creditors by buying term plan under MWP Act

Earlier, self-employed individuals faced unique challenges in securing term insurance, primarily due to the absence of conventional income documentation. Unlike salaried individuals who can present salary slips or Form 16, self-employed people used to rely on alternative proofs like GST filings, bank statements, or credit histories. However, that’s changed now.   “The requirement for traditional income… Continue reading Term Insurance Policy: Self-Employed Individuals May Face Challenges, How to Get It Right

India’s insurance sector, traditionally dominated by men, has in FY24 witnessed a 62 per cent rise in active female Point of Salespersons (POSPs), compared to the previous year, according to a report on Monday. POSPs play a crucial role as intermediaries, simplifying insurance products for customers and guiding them in policy selection. The report by… Continue reading Indian insurance sector sees 62% surge in female salespersons in FY24: Report

The insurance sector in India underwent substantial changes in 2024 as a result of comprehensive regulatory changes. These initiatives are laying the foundation for a cleaner, more transparent industry with affordable products that ultimately benefit the end policyholders. Regulatory Changes: The lower surrender charges for endowment policyholders were one significant change. This ensures fairness and transparency in the… Continue reading Year Review of 2024 for India’s Insurance Industry and Outlook for 2025

Explore 2024’s defining tech trends and a glimpse into 2025 through the insights of industry leaders. This year-end story captures expert opinions on groundbreaking innovations, challenges faced, and the technologies poised to shape the future.   Jamil Valliani, Head of Product, AI, Atlassian “2025 will be the year of the AI agent. As agents grow… Continue reading Voices of Innovation: Industry Leaders on 2024’s Tech Milestones and 2025’s Promising Trends

The health insurance industry has grown in the last few years as more and more people are learning about the rising healthcare costs, disease awareness leading them to buy health insurance policies for themselves and their family members. These factors encourage individuals to purchase more health insurance, and the health insurance market is experiencing significant… Continue reading The different types of health insurance networks: HMO, PPO, EPO, and POS explained

2024 अपने अंत की तरफ बढ़ गया औ अब कुछ दिनों में 2025 का आगाज हो जाएगा। साल 2024 में शेयर बाजार और महंगाई दर के साथ इंश्योरेंस सेक्टर के सामने भी कई चुनौतियां खड़ी थी। इन चुनौतियों के साथ इंश्योरेंस सेक्टर को कई फायदे भी हुए हैं। हम आपको नीचे बताएंगे कि साल 2024… Continue reading Insurance Sector in 2024: बीमाधारकों को फायदा पहुंचाने वाले बदलाव हुए, पर चुनौतियां भी बढ़ीं

Insurance Premium:  In the health insurance sector, claims history is a crucial factor in assessing risk, calculating premiums, and making underwriting decisions. In India, where healthcare costs are escalating at an alarming rate, insurers heavily rely on policyholders’ claims history to predict future medical expenses. This reliance has become even more apparent in recent years,… Continue reading Insurance Premium: How Claims History Impacts Your Future Health Insurance Premiums?

With rising health insurance premiums, opting for a co-pay is a smart option to make the cover affordable. It is especially beneficial for senior citizens as premiums are higher due to health risks and increase every two to three years based on claims. In co-pay, the insured has to pay a part of the medical… Continue reading Save premium with co-pay option l Policyholders can opt for it at the time of renewal

A term insurance with a limited premium payment plan is a smart choice for individuals looking to balance affordability with long-term coverage. It allows policyholders to pay off the premium within a shorter duration while still enjoying full coverage for the entire policy term. In such a term plan, while the policyholder pays the premiums… Continue reading Limited premium plan easier on the pocket