Category: Probus In News

Like in every sphere of life, AI is now being widely used in insurance. AI has brought a significant revolution in the insurance industry, especially underwriting, by enhancing accuracy, efficiency, and speed.  “Furthermore, with an AI-driven underwriting process, it is now possible to detect frauds using ML algorithms, personalize pricing based on an individual’s risk profile,… Continue reading How AI Underwriting Can Make Insurance More Cost-Effective And Inclusive

Government as well as semi-government employees can opt for postal life insurance (PLI).  There are several options to choose from. Whole Life Assurance (Suraksha): This policy offers life-long coverage and a lump sum amount upon surrender or maturity. This provides a sum assured with an accrued bonus either when the insured dies or reaches the age of 80. The minimum sum… Continue reading Postal Life Insurance: A Secure, Low-Cost Option With High Bonus Rates

Flexible health insurance plans have seen an upsurge of almost 300 per cent in the last five years in India, according to a report by Mercer Marsh Benefits (MMB). In the last couple of years, health insurance plans have become extremely modular. This means that customers can now customize their plans according to their requirements.… Continue reading Customized Health Insurance: Flexible Health Plans For Your Specific Needs

Insurers are now suggesting a CIBIL-like system in the industry, according to media reports. First, we need to understand what a credit score is in brief, and how it helps financial companies. The credit score provides individuals with credit history and financial behaviour. The higher the credit score, the better the individual’s creditworthiness. In fact, a high… Continue reading Insurers Are Now Suggesting A CIBIL-Like System In The Industry. What This Can Mean For The Policyholders

लाइफ में कब क्या हो जाए कुछ पता नहीं होता है। ऐसे में फाइनेंशियल एक्सपर्ट लाइफ इंश्योरेंस (Life Insurance) लेने की सलाह देते हैं। लाइफ इंश्योरेंस केवल खुद के लिए ही नहीं बल्कि परिवार की सिक्योरिटी के लिए बहुत जरूरी होता है। हम सेविंग या इन्वेस्टमेंट शादी, पढ़ाई, घर खरीदने के लिए करते हैं पर… Continue reading Life Insurance नहीं लेने के नुकसान – क्‍या हैं अनजाने जोखिम

Whole life insurance is a type of insurance that provides you coverage for your entire life. A portion of the premiums is built into a cash value which grows and is guaranteed. On the death of the policyholder, the beneficiaries get a guaranteed death benefit. Premiums need to be paid for the entire lifetime of… Continue reading Whole Life Insurance: Why It May Not Be A Good Idea

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurance companies not to increase health insurance premiums for senior citizens by more than 10 per cent per annum. This strategy is intended to safeguard seniors from significant premium hikes while assuring ongoing coverage. Why the decision? Clarifying on the move- Rakesh Goyal, Director, Probus… Continue reading IRDAI puts cap on senior citizen health insurance premium hikes – Know all about it

In a world where company culture defines success as much as strategy, Probus, one of India’s leading insurance broking platforms has not just met the benchmark – it has set a new one. Certified™ as Great Place To Work® for 2025-2026, Probus has transformed the idea of a workplace into something far greater: it is… Continue reading Probus Earns Prestigious Great Place to Work® Certification for 2025-2026

With rising healthcare costs health insurance is a must for everyone. However, it is even more crucial for senior citizens, who are more likely to have health issues. In a recent ruling, the Insurance Regulatory and Development Authority of India (Irdai) ruled that health insurance premiums for senior citizens cannot be increased by more than 10… Continue reading Smart Strategies To Reduce Health Insurance Premiums For Senior Citizens

Globally, as well as in the domestic market, more and more people have adopted digital technology in recent years. People and businesses are increasingly using online platforms for work and other activities. Any evolution inevitably brings with it a set of challenges, and in this digital age, we are confronted with various cyber threats such… Continue reading Cyber Fraud and Digital Threats: Why Cyber Insurance is Essential in India’s Growing Digital Landscape