India’s insurance sector could soon see a significant shift in how companies report their financial performance. The Insurance Regulatory and Development Authority of India (IRDAI) has proposed introducing a new accounting framework for insurers from April 2026, aimed at aligning India’s financial reporting standards with global practices. In a consultation paper released this week, the… Continue reading IRDAI Plans Accounting Overhaul For Insurers — What Will Change For Policyholders?
Category: Probus In News
Skin Treatments And Insurance: What’s Really Covered?
If you require any treatment for skin conditions, insurance will cover you if it is a medical necessity, not otherwise. This is an important difference one needs to understand when it comes to dermatological treatments and insurance. What Is Covered, What Is Not “Under most of the comprehensive health insurance policies, dermatological treatments are covered when… Continue reading Skin Treatments And Insurance: What’s Really Covered?
India’s cyber risk paradox: High attack rates, low insurance preparedness
Cyber risk is often considered under the realm of the IT department, not a board-level balance sheet concern. Cyber risk is rising; insurance adoption is not. The conversation often starts with the usual covers. A business owner walks in to discuss fire, health, or group medical renewal. The balance sheet of the company is reviewed,… Continue reading India’s cyber risk paradox: High attack rates, low insurance preparedness
Middle East Airspace Closure: Will Your Travel Insurance Pay For Delays And Cancellations?
While situations is getting worse in the Middle East following the retaliatory attacks by Iran in neighboring countries targeting the US bases, several flight carriers have announced to reroute and cancel flights as a restriction measure. This regional sky closure has left thousands of passengers stranded in the Middle East countries, including Dubai, Abu Dhabi,… Continue reading Middle East Airspace Closure: Will Your Travel Insurance Pay For Delays And Cancellations?
Cashless everywhere: Transforming medical crises into care, not chaos
For years, a medical emergency in India often came with two battles: the fight for timely treatment and the scramble to arrange money. Families would rush loved ones to hospitals only to discover that cashless treatment was possible only at select “network” facilities. Others demanded hefty deposits before a single test was conducted, forcing relatives… Continue reading Cashless everywhere: Transforming medical crises into care, not chaos
Probus Secures its Legacy as a Great Place To Work®️ with an Elite 96% Rating Two Years in a Row
Work was once a simple, cold equation: a barter of time for a pay check. For years, companies and employees operated within this transactional understanding. But as workplaces evolved, people began seeking more than just roles and salaries; they wanted purpose, belonging and to be valued as individuals. In the demanding world of insurance broking,… Continue reading Probus Secures its Legacy as a Great Place To Work®️ with an Elite 96% Rating Two Years in a Row
Is it better to buy separate health insurance for your parents or include them in your family floater?
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?
Explained | Coverage, limits and gaps in health insurance for severe infections
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
Think You’re Covered? Why Full Disclosure Is The Make-Or-Break Moment In Insurance Claims
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
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
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