Insurance

New policies accept higher HbA1c levels and revised BMI cutoffs, offering more inclusive coverage options with potential premium adjustments.

Updated : Jun 7, 2025

Inclusive insurance push: Diabetics, heart patients now eligible for wider coverage

Insurers have relaxed health insurance underwriting norms, thereby expanding access for individuals with chronic conditions such as diabetes and heart disease, a Policybazaar note stated.

Mandatory under the Motor Vehicles Act, Motor Third Party insurance offers protection for third-party liabilities resulting from accidents with insured vehicles.

Updated : Jun 6, 2025

Premium hike ahead? Govt mulls 18-25% increase in third-party motor cover, says report

Third-party motor insurance premiums, which are mandatory for all vehicle owners in India, may see an 18% hike in FY26. The Ministry of Road Transport and Highways is reviewing a proposal from IRDAI to revise rates after a four-year freeze. The move comes amid rising claim costs and pressure on insurers' profitability.

Experts advice that one should take corporate insurance policy as a secondary option alongside a separate health insurance plan that caters to your specific medical needs.

Updated : Jun 5, 2025

BimaPay enters corporate insurance finance, targets Rs 20 cr in premiums by FY26

BimaPay Finsure has launched India’s first-of-its-kind premium financing solution tailored for corporate insurance, aiming to ease the financial burden of upfront premium payments for businesses.

Delhi and its neighbouring cities were recently battered by sudden dust storms and gusty winds, damaging homes, vehicles, and infrastructure. The chaotic weather has reignited concerns over India’s vulnerability to natural disasters.

Updated : Jun 5, 2025

Thunderstorm damage in Delhi: What’s covered under your home and motor insurance?

Natural disasters cause India losses of up to 2% of GDP annually, yet insurance coverage remains low. The recent storms in Delhi-NCR have reignited debate over how well-protected individuals and businesses really are. Experts say it’s time to rethink risk and invest in stronger coverage.

The insurer failed to provide any medical evidence linking the policyholder’s lung cancer directly to his smoking habit.

Updated : Jun 3, 2025

Smoke, cancer and a Rs 9.4 lakh bill: Can insurers deny claims for smoking? Court says this

Can your health insurer deny a claim just because you smoke? A recent consumer court ruling says—not without proof. In a case involving a Rs 1 crore policy, the court ordered a PSU insurer to pay a lung cancer claim it had rejected over alleged “excessive smoking”.

Critical Illness Rider offers a lump sum payout upon diagnosis of specified illnesses such as cancer, stroke, or heart disease conditions frequently linked to tobacco use.

Updated : May 30, 2025

This World No Tobacco Day, Plan Not Just to Quit—but to Protect Your Finances Too

This World No Tobacco Day, the focus shouldn’t just be on quitting tobacco—but also on preparing for the financial impact of tobacco-related illnesses. With treatment costs running into lakhs, having critical illness and premium waiver riders can offer vital financial protection.

Package insurance policy provides all-round protection for the entire family

Updated : May 30, 2025

The roadmap of Gen Next Technologies in InsurTech

Digitisation has broken the geographical and structural barriers by replacing legacy, branch-led distribution models with scalable, tech-enabled solutions. InsuTechs have been driving higher accessibility through new channels and improving efficiencies in existing channels.

The Ayushman Vay Vandana Card will cover 1,961 medical procedures across 27 specialties, including cancer care, dialysis, and joint replacements.

Updated : May 27, 2025

Govt rolls out Ayushman Bharat Cards for 70+ seniors with Rs 5 lakh free treatment; here's how to apply

In a major relief for India’s elderly population, the government has launched a special Ayushman Bharat health card for senior citizens aged 70 and above, offering Rs 5 lakh in free treatment annually. The card is now available through a simplified online process via the Ayushman App.

Experts said one should choose comprehensive coverage with engine protection, and should report flood damage to your insurer immediately.

Updated : May 27, 2025

Is your car insurance ready for Mumbai rains? Many policies won’t cover this damage; check details

As Mumbai reels from its wettest May in over a century, thousands of vehicles risk serious flood damage. Insurance experts say most car owners may not be financially protected unless they’ve opted for specific add-ons. Without engine protection or zero depreciation covers, even comprehensive policies may fall short.

With OPD cover, a senior citizen can visit their regular doctor, undergo routine blood tests, and fill prescriptions without worrying about expenses.

Updated : May 24, 2025

Insurance rethink for seniors: Why OPD-focused plans matter more than ever for elderly well-being

With India’s elderly population growing rapidly, managing routine medical expenses has become a key concern for families. OPD-focused health plans are emerging as a crucial solution to cover doctor visits, diagnostics, and follow-ups without financial stress.

Insurance covers damages due to natural disasters, such as floods, cyclones, landslides, fire, lightning, riots, and even theft after such events.

Updated : May 23, 2025

Bengaluru tenants face flood fury—Here’s how home insurance can save your belongings

As extreme weather events become more frequent, the importance of insurance coverage—whether for homeowners or tenants—has never been greater. Sudden downpours, like the ones Bengaluru witnessed recently, can cause unexpected damage to homes and belongings, making financial protection essential.

Supreme Court makes assets of judges public

Updated : May 21, 2025

Adani, Ambanis, Birla fund landmark Rs 50 cr health insurance plan for SC bar members: Report

India's major business leaders have collectively funded a ₹50 crore health insurance scheme for the Supreme Court Bar Association, offering comprehensive coverage to its members, including cashless treatment and maternity benefits.

Term insurance differs from other types of life insurance in that it offers coverage for a specific period of time.

Updated : May 14, 2025

Mis-selling is the biggest scam in life insurance — Expert explains what you actually need

Insurance expert Nikhil Jha, in a social media post, noted that policyholders should only go for term insurance as it’s pure protection — no returns, no gimmicks, just solid financial security for your dependents if something happens to you.

Tata AIA Life Insurance study surveyed employed individuals from Generation Z aged 21-28 in eight major cities (Delhi, Mumbai, Bangalore, Kolkata, Hyderabad, Pune, Jaipur, and Patna).

Updated : May 13, 2025

Term insurance getting popular among working Gen Z: Tata AIA Life Insurance report

With growing interest in the F.I.R.E. (Financial Independence, Retire Early) movement, many are balancing present-day needs with a long-term view, 18% are already considering retirement and pension plans.

पाकिस्तान की ओर से किए गए हमले में भारत के कई शहरों में मकान क्षतिग्रस्त हुए (फोटो क्रेडिट- एएनआई)

Updated : May 13, 2025

War risks and insurance cover: What should policyholders know during such crises?

Recent geopolitical tensions between India and Pakistan raise questions about insurance coverage for war-related losses, with significant implications for property, life, and business assets.

For expecting mothers, insurance should primarily focus on maternity coverage. This includes pre- and post-natal care, delivery costs (normal or caesarean), and newborn care.

Updated : May 12, 2025

Planning a family? Here’s how to choose the right insurance for expecting and new mothers

ICICI Lombard and ManipalCigna have introduced comprehensive maternity insurance plans covering prenatal, delivery, and newborn care, ensuring financial protection for young families.

ULIPs offer market-linked returns and life insurance, grow your money through market-linked funds for higher returns.

Updated : May 10, 2025

My mom never had insurance. What should I choose for her - life insurance, term insurance or ULIPs

When it comes to life insurance, policyholders can choose from options that offer guaranteed savings, market-linked returns, or pure risk cover. From savings plans and ULIPs to term insurance, each product serves a different financial goal based on your risk appetite and protection needs.

The company announced a special reversionary bonus of 5%, amounting to Rs 206 crore, for some of the policyholders.

Updated : May 8, 2025

Bajaj Allianz Life announces Rs 1,833 cr bonus for FY25 policyholders

As per Bajaj Allianz Life, the FY25 bonus will be applicable to traditional participating policies that are active as of March 31, 2025. The eligible plans include Bajaj Allianz Life Ace, Bajaj Allianz Life Ace Advantage, and Bajaj Allianz Life Elite Assure.

By having a co-payment, senior citizens can potentially lower their overall premium, making their policy more cost-effective.

Updated : May 8, 2025

Mother's Day: Can I purchase a health insurance policy for my mother, who is a single parent and does not have any cover?

With healthcare costs steadily rising and age-related ailments becoming more common, timely health insurance not only provides access to quality treatment but also shields your family from financial strain. The co-payment, typically ranging between 10% to 30%, is a set percentage of the claim amount that the insured is responsible for paying out of pocket.

A ULIP (Unit Linked Insurance Plan) combines life insurance with investment. Part of your premium goes toward life cover; the rest is invested in funds (equity, debt, or hybrid).

Updated : May 6, 2025

Bandhan Life launches ULIP Plus: High life cover up to 50x premium with market-linked returns

ULIP Plus is structured to provide an impressive level of protection, ensuring nominees receive the greater of the fund value or the base sum assured, with a guaranteed minimum payout of 105% of total premiums paid. The plan further includes top-up benefits to boost overall coverage and fund growth.

To achieve full financial security, it is recommended that your sum assured should be a minimum of 20 times your annual income, based on your current age.

Updated : Apr 30, 2025

I’m a 36-year-old single mother. I live with my daughter and parents. What kind of term insurance should I buy?

As a 36-year-old single mother, you carry the important responsibility of being both the provider and protector for your daughter and parents. Choosing the right term insurance plan is a vital step toward securing their financial future and ensuring they remain protected, no matter what life brings.

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