Category: Probus In News

In the evolving landscape of the insurance industry, personalization has become a critical focus. Consumers today expect services tailored to their specific needs, and the insurance industry is no exception. Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing how insurers assess risk, process claims, and design policies. These technologies enable companies to create personalized… Continue reading Personalized insurance: How AI and ML are tailoring policies to individual needs

Probus, one of India’s leading InsurTech platforms, is pleased to announce the appointment of Dr. Ajay Verma as the Head of Rural and Agriculture Insurance. This pivotal addition to Probus’ leadership team reflects their unwavering commitment to advancing insurance solutions in underserved sectors. With nearly four decades of experience in agricultural and rural-focused insurance products—including… Continue reading Probus Strengthens Focus On Rural Insurance With Dr. Ajay Verma’s Appointment

Non-resident Indians (NRIs) who frequently visit India should buy a separate health insurance policy in India as an international cover may not offer comprehensive protection here. While travel insurance may provide a safety net for health-related risks during visits home, it may not address ongoing health issues or chronic conditions. Buying a health cover in India offers the advantage… Continue reading Buying health plan in India can help NRIs during visits here

From centralised storage to 24/7 access and seamless claims, e-insurance accounts offer a secure, paperless solution for managing all your policies in one place. In today’s digital age, managing important financial documents has become easier and more secure, and the insurance sector is no exception. An e-insurance account is a convenient solution to keep all… Continue reading 5 Reasons Why An E-Insurance Account Makes Managing Your Finances Effortless

Probus, appoints Anand Agrawal as Chief Technology Officer (CTO), a distinguished technology leader with over two decades of experience in the BFSI and Healthcare sectors, Agrawal will be instrumental in shaping Probus’s technology vision and accelerating its mission to transform insurance distribution through innovative solutions. Agrawal’s extensive experience spans leadership roles at Docplexus, where he… Continue reading Probus Strengthens Leadership With The Appointment Of Anand Agrawal As Chief Technology Officer

Life is unpredictable. While meeting daily responsibilities, some things fall through the cracks. For many, this includes missing insurance policy premium payments. When this happens, the policy can lapse, leaving you and your loved ones vulnerable without coverage. The good news is that in most cases, a lapsed insurance policy can be reinstated. Here’s how… Continue reading How you can reinstate your lapsed insurance policy. Follow these simple steps

As senior citizen health insurance premiums continue to rise, opting for a co-pay option can be a practical way to manage costs. Co-payment significantly lowers the insurance premium, making it more affordable for those who may have limited income post-retirement. The insured agrees to pay a part of the medical expenses, while the insurer covers… Continue reading Senior citizens can opt for it to reduce their premiums

When it comes to managing insurance policies, one of the key decisions policyholders might face is whether to pay their premiums in advance or make regular payments. One reason why you may want to put your money in advance is the possibly unforeseeable changes in your financial situation later, such as the non-availability of funds… Continue reading Should You Pay Premiums In Advance, Here Are The Benefits And Disadvantages

The insurance sector in India, despite its rapid growth, faces significant challenges in reaching the vast and diverse population of the country. A large segment of the population remains underinsured or uninsured, primarily due to a lack of awareness, accessibility issues, and the complexity of insurance products. In this context, Point of Sales Persons (POSPs)… Continue reading How POSPs Bridge the Insurance Gap in India

The insurance sector is in the midst of a profound transformation, with technology driving the change and reshaping its future. At the center of this shift is the Insurtech industry, which is increasingly relying on machine learning (ML) to enhance policy design, improve the accuracy of risk assessments and other range of issues. The shift… Continue reading Revolutionising insurance: How machine learning is driving personalised policy solutions