Category: Probus In News

A lot of vehicle owners believe they drive responsibly and follow every rule, but accidents can happen out of the blue, and it’s not always your fault. Just one unexpected accident could lead to legal issues and compensation claims running into lakhs, even if you weren’t at fault. The reason? You might not have third-party… Continue reading Over 50% of vehicles lack third-party insurance; is yours among them? Know legal consequences, cost of coverage, and savings

In general, most comprehensive health insurance policies cover kidney transplants after the waiting period has ended. “Coverage generally includes hospitalization expenses related to the transplant surgery, which can include surgeon fees, intensive care unit (ICU) charges, the cost of a hospital room, diagnostic tests, and medications that are administered during the patient’s hospitalization,” says Arun… Continue reading Kidney Transplants And Health Insurance: What’s Covered, What’s Not

Home loan insurance primarily covers the outstanding loan amount in case of the borrower’s death. Some policies also cover permanent disability or critical illness. In such situations, the insurer settles the outstanding loan with the lender, helping the family retain ownership of the home. Home Loan Insurance Premiums Are A Small Portion of The EMI … Continue reading Home Loan Insurance Costs Less Than You Think

Nowadays, cancer treatment, organ transplant and other critical treatments can set you back Rs 10-15 lakh in just a few days. For a lot of families, that’s more than a year’s savings, all gone before they even get the discharge summary. With medical costs continuing to rise, many policyholders are increasingly chasing hefty health insurance… Continue reading Higher health insurance coverage at least cost: Do super top-up plans live up to their promise? Mind the pitfalls

The Insurance Regulatory and Development Authority of India’s (Irdai) annual report for 2024–25 points to a sharp rebound in overseas travel insurance, mirroring the strong revival in outbound travel. During the year, insurers provided overseas travel cover to about 96.73 lakh individuals through nearly 27.97 lakh policies. This represents a substantial volume of international travel… Continue reading Overseas Travel Insurance Rebounds: 96.73 Lakh Lives Covered In 2024-25

Choosing the right health insurance is no easy task, and most of us make critical mistakes in the process, especially for parents in high-pollution areas. A common mistake health insurance buyers make is to underestimate respiratory risks and opt for low-coverage plans. Such health insurance plans don’t provide adequate coverage for pollution-related complications, even though… Continue reading Things to keep in mind while buying health insurance for parents in high-pollution areas

Health insurance is vital for everyone, especially because the increase in health care costs due to increases in hospital costs, new technology, and a higher utilization of private clinics has caused medical inflation in India to be 10-14 per cent. However, health insurance is not something you can buy and forget. Why You Need To… Continue reading How Often Should You Upgrade Your Health Insurance

In India, premiums tied to wearable devices are currently undergoing trials and have not yet proven to be a viable means of lowering overall insurance costs. Nevertheless, they create incentives for users to engage in healthier behaviours as well as provide insurers with better visibility into the true risk profile of a policyholder in real… Continue reading Health Wearables Offer Incentives, Not Meaningful Premium Cuts

Air pollution during winter in northern Indian cities is not a new phenomenon. Every year, many cities across north India face severe air quality conditions, with the Air Quality Index (AQI) often touching hazardous levels and remaining there for prolonged periods. Controlling winter air pollution has proven to be a major challenge for authorities, leading… Continue reading Can Rising Air Pollution Make Health Insurance Costlier? What Policyholders Should Know

A term insurance plan with return of premium (TROP) is an attractive option for individuals seeking both life coverage and a potential return on their premiums. It is ideal for those who seek certainty over market-linked returns. However, these plans come with higher premiums, around 1.8x to 2x the cost of regular term plans, due… Continue reading A term plan that refunds your money if you survive