India's motor insurance sector is undergoing significant transformation driven by IRDAI reforms, technological advancements, and evolving consumer preferences. These changes include standardized...
Type: Posts; User: IndiaInsurance
India's motor insurance sector is undergoing significant transformation driven by IRDAI reforms, technological advancements, and evolving consumer preferences. These changes include standardized...
India's insurance sector is undergoing a significant transformation, driven by increased internet access, smartphone usage, and supportive regulations. This shift emphasizes simplicity and...
Nearly 80% claims are from women over the age of 28, according to a five-year study by Niva Bupa Health Insurance.
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While shifting to a new insurer may seem like a quick-fix solution to the problems with your existing health insurance plan, there are some challenges you should be aware of.
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If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 54th part of this series, Riju Mehta lists the difference...
Medical inflation in India has consistently hovered at 13-14% annually—double the pace of general inflation and far beyond the wage growth for most Indians. Some years, it has surged as high as 20%....
Life insurance policy exclusions: Many individuals do not read the life insurance policy exclusions at the time of buying. Not reading and knowing the exclusions can lead to rejection of claims when...
Life insurance in India offers diverse plans for varied needs. Term insurance provides cost-effective death benefits. Whole life insurance covers the policyholder's entire life and accumulates cash...
Even as mental health-related claims have increased in the past few years, problems continue in acquiring an adequate plan catering to the specific needs of mental illnesses.
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Most claims are for anxiety and depression, reveals a recent study on mental health insurance by Policybazaar.
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Electric vehicle insurance premiums are notably higher than those for traditional cars due to EVs' higher purchase prices and costly battery replacements. Specialized parts, the need for trained...
Life Insurance Corporation of India has expressed grief over the loss of lives in Pahalgam and announced a special window for expedited death claim settlements. Check details
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While 48% have less than Rs.5 lakh health insurance, 19% don’t know how they’ll fund a critical illness, claims a recent study by Policybazaar.
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Proposed rules linking traffic violations to higher insurance premiums are under consideration at present. Stricter rules for traffic violations are also being proposed. Experts anticipate that...
The Budget 2025 announces that gig workers will now be eligible for healthcare under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This move addresses gig workers' lack of income...
Motor insurance premiums involve various factors like payment modes, claim history, and policy purchase method. Choosing strategic options such as spreading payments, leveraging No-Claim Bonuses,...
In 2025, IRDAI's handbook on Indian insurance statistics reported that Acko General Insurance lead amongst all general and health with a 99.91% claim settlement ratio within 30 days. Among public...
Unlike in the West, where government-backed social security provides a safety net, Indians know they must rely on their own savings for the future. This fundamental mindset won’t change easily, HDFC...
The IRDAI has released the claim settlement ratios of all Indian life insurers for FY 2023-24, revealing that 96.82% of life insurance policy claims are settled within 30 days. Notably, private...
In India, you can easily check your car insurance details online through platforms such as the Parivahan Portal, IIB Portal, mParivahan app, and state RTO websites. These government-run resources...