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Type: Posts; User: IndiaInsurance

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  1. 30-50% rise in mental health insurance claims, most claims for anxiety, depression: Study

    Most claims are for anxiety and depression, reveals a recent study on mental health insurance by Policybazaar.

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  2. Mental health insurance problems continue: 5 things to check before buying a cover

    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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  3. Why your EV insurance premium is costlier and features you must have in EV motor insurance policy

    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...
  4. Pahalgam tragedy: LIC announces special window for death claim settlements, how to file a death clai

    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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  5. Nearly 50% people underinsured for health, have less than Rs 5 lakh cover: Study

    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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  6. View Post

    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...
  7. Budget 2025: Govt extends Ayushman Bharat health cover to 1 Crore gig workers

    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...
  8. View Post

    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,...
  9. Latest claim settlement ratio of health and general insurance companies released by IRDA in 2025

    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...
  10. Tax savings no longer driving middle class to buy life insurance: Padalkar, MD & CEO, HDFC Life Insu

    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...
  11. Latest claim settlement ratios of all Indian life insurance companies in 2025

    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...
  12. Track your car insurance details online in minutes

    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...
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  14. 5 ways senior citizens can reduce their health insurance premium

    Having an affordable post-retirement healthcare insurance plan is crucial for senior citizens. By starting their health insurance early, opting for family floater plans, and leveraging preventive...
  15. IRDAI launches Bima-ASBA via UPI to make insurance premium payment easier when you buy a policy

    The new payment mechanism, aims to streamline the payment process for life and health insurance policies, will be effective from March 1, 2025, as per the IRDAI circular.

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  16. LICs Smart Pension Plan: Important FAQs to know for your retirement planning

    LIC has introduced the Smart Pension Plan, a non-linked, non-participating annuity plan offering liquidity options for retirees. With flexible payment frequencies and options for single or joint life...
  17. View Post

    LIC introduces the Smart Pension Plan, providing flexible and secure retirement solutions with multiple annuity options. Suitable for a wide range of ages, the plan offers benefits like higher...
  18. How to choose the right term insurance plan for yourself?

    While purchasing a term insurance plan, it is important to look beyond just premium costs. It is equally crucial to consider factors like sum assured, policy term, claim settlement history, and...
  19. View Post

    As part of the ongoing monitoring of insurance products offered in the Indian insurance market, IRDAI observed that there has been a steep increase in premium rates under some of the health insurance...
  20. Mastering the essentials: Life insurance and term insurance explained

    Life insurance ensures financial security for your family in the event of your death, whereas term insurance provides this protection for a specific period at a lower premium. Understanding the...
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