How NRI can buy life insurance in India: Key benefits explained
As the NRI homecoming season nears, many non-resident Indians (NRIs) must be revisiting their financial strategies, with life insurance emerging as a key consideration. The appeal of Indian life insurance policies is growing among NRIs, thanks to their competitive premiums, comprehensive coverage, and tax advantages. How NRIs can buy life insurance in India The process […]
Which insurance companies reject claims the least? Report reveals truth
People buy general insurance to cover for emergencies so that they do not have to make out-of-pocket hefty payments. They do not just put their money in, but trust while paying premiums. However, not all claims get approved. A recent report reveals that the claim-to-settlement ratio, which shows how many claims were honoured by insurers, […]
Health insurers disallowed claims worth Rs 15,100 crore during FY24
Health insurers disallowed claims worth Rs 15,100 crore or 12.9 per cent of the total claims filed during fiscal 2023-24, according to data released by regulator Irdai. Of the total Rs 1.17 lakh crore claims under health insurance of general as well as standalone health insurers, only Rs 83,493.17 crore or 71.29 per cent were […]
Top Healthy Resolutions to Make This Dussehra
Dussehra is a time of victory, celebration, and new beginnings. It marks the triumph of good over evil, making it the perfect occasion to start fresh and adopt positive habits. This Dussehra, why not make some healthy resolutions that will not only benefit you but also those around you? Here are the top health and […]
Major Health Insurance Changes Effective 1st October,2024
As of October 1, 2024, health insurance policies have become more favourable for customers. Here are the key updates in health insurance regulations, making it easier to explain to potential buyers. Key Updates in Health Insurance Policies: Shorter Waiting Period for Pre-Existing Conditions The waiting period for pre-existing conditions has been reduced from 48 months […]
Government Announces 5 Lakh Free Health Insurance Cover for Senior Citizens
In a landmark decision aimed at enhancing the well-being of the elderly, the Union government has approved a free health insurance cover of ₹5 lakh for all citizens aged 70 and above. This monumental move is part of the government’s flagship Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PMJAY), ensuring that India’s senior citizens […]
Health Insurance for Everyone – Big Update from IRDAI
India, known for its dynamic and diverse economy, is witnessing a significant transformation in the health insurance industry. Insurance brokers are making health insurance more accessible and user-friendly. Big Changes in Health Insurance The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new rules to make health insurance easier and better for everyone. […]
Why Should You Buy Health Insurance at an Early Age?
Are you considering buying health insurance? If so, it’s important to understand the benefits of purchasing a policy at an early age. Not only can it lead to lower premiums, but it can also provide coverage for pre-existing conditions and offer financial security. But before you make a decision, there are several factors to consider, […]
Common Illnesses During Monsoons in India
As the monsoon season arrives in India, it brings relief from the hot summer heat and opens the door to numerous health challenges. The increased humidity and water accumulation create an ideal breeding ground for various illnesses. We aim to shed light on the common illnesses that prevail during the monsoons in India and emphasize […]
The Importance of Health Insurance
A vital component of life is health insurance, especially in India where the cost of healthcare is increasing quickly. It is impossible to exaggerate the usefulness of health insurance or to undervalue it. Having health insurance can give people and families a vital safety net in a nation where medical emergencies and illnesses can strike […]