Insurance

Updated : Jul 17, 2025

'It’s a borderline scam': ₹249 travel cover turned into 3 weeks of chaos, says Delhi founder

Two calls, six agents, and multiple documents later, he was told to upload files via a WhatsApp link. Weeks passed. No payout.

Currently, the high 18% GST on insurance premiums is seen as a deterrent, especially when rising healthcare costs and low insurance penetration remain major challenges.

Updated : Jul 16, 2025

GST cut on life, health insurance likely; relief for policyholders may be around the corner

The GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting. The move could lower costs for policyholders and boost insurance penetration across India.

Tesla opens first showroom in India: All you need to know about Musk's Model Y cars

Updated : Jul 15, 2025

Tesla’s India ride begins: Model Y bookings live, insurance backed by ACKO, Liberty, Zurich Kotak General

Tesla has officially opened bookings for the Model Y in India, marking a milestone moment for the country’s EV landscape. The company has partnered with Zurich Kotak General Insurance, Liberty and ACKO to offer seamless, next-gen insurance solutions tailored for its high-performance electric vehicles.

As extreme weather events grow more frequent, flood insurance is no longer optional—it’s a crucial shield that offers financial support for damages to homes and businesses alike.

Updated : Jul 9, 2025

Monsoon fury: Does your insurance cover flooding, heavy rains? Here's how to buy a perfect cover

Unpredictable rains and extreme weather have become a part of everyday life, often leading to sudden, devastating floods. In this changing climate, flood insurance is emerging as an essential safeguard, providing financial relief to households and businesses hit by water damage.

Family influence remains strong for Gen Z, with 55% depending on relatives for guidance, while 61% of millennials prefer researching policies on aggregator platforms.

Updated : Jul 9, 2025

Hospital network tops priority as millennials, Gen Z drive health insurance uptake: Survey

The survey highlighted that while evaluating health insurance plans, 27% of respondents prioritised the hospital network, while 24% focused on simplified policy terms.

Medical inflation in India is soaring, with Tier 1 hospital stays costing Rs 50,000 to over Rs 3 lakh per day in critical care.

Updated : Jul 5, 2025

'Being underinsured feels fine until crisis hits': CA warns Indians on false sense of health security

Many Indians still buy the cheapest insurance plans just to save tax or meet bank requirements, unaware of the financial ruin underinsurance can bring. CA Abhishek Walia warns that a single Rs 5 lakh mediclaim won’t cover today’s sky-high medical bills. “Being underinsured feels fine—until it really, really doesn’t,” he says.

Fitness and adventure-focused travellers require robust protection that extends beyond basic travel-related disruptions and medical emergencies, as per experts

Updated : Jul 4, 2025

From adrenaline highs to medical lows: Expert on why travel insurance is a must for thrill seekers

Recent accidents in Manali, Pune, and Himachal Pradesh have exposed the deadly risks lurking behind India’s booming adventure tourism industry. From zipline mishaps to paragliding crashes, thrill-seekers face dangers that can quickly spiral into medical and financial crises. Experts warn that robust travel insurance is no longer optional but essential for anyone chasing adrenaline-fueled experiences.

Financial expert Abhijit Chokshi sheds light on 11 essential rights every insured Indian must know to protect their finances and avoid devastating surprises.

Updated : Jul 4, 2025

Three out of four risk financial ruin — Are you one of them? Expert breaks down insurance puzzle

Despite rising healthcare costs, nearly 75% of India’s middle-class families remain vulnerable to financial ruin from a single hospital bill. Shockingly, most Indians hold health insurance policies yet remain unaware of their crucial rights as policyholders.

While surviving a cardiac arrest is a daunting experience, the financial burden is also overwhelming.

Updated : Jul 3, 2025

Is your health insurance enough to cover a cardiac arrest? Here’s what investors should know

Surviving a cardiac arrest can save your life—but it can also drain your finances. From ICU stays to costly procedures like angioplasty or bypass surgery, treatment expenses can run into lakhs. Akanksha Jain of Digit Insurance explains how a robust health insurance plan can protect you from this financial shock.

Government data shows 16% of households resort to “distressed sources” like loans or selling assets to manage hospital expenses.

Updated : Jul 3, 2025

Indians rely on credit, not insurance, to stay alive: Entrepreneur drops truth bomb

A striking 53% of households paid for their last hospitalisation out-of-pocket, while just 19% used any type of insurance. For the rest, debt picks up the slack.

According to the WHO, cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year.

Updated : Jul 2, 2025

Think gym, yoga will save you from heart costs? Here’s how smart insurance can help you

Cardiovascular disease remains India’s top health threat, striking millions, including those under 70. Even with diet and exercise, unexpected medical bills for heart conditions can drain savings. Digit Insurance’s Akanksha Jain explains the specific health covers that protect against the hidden costs of heart disease.

Today, 12–14% of all insurance transactions in India occur through digital channels, reflecting a clear preference for digital-first solutions.

Updated : Jul 1, 2025

Digital Inflection: Redefining Insurance in India’s Digital Age

With India’s insurance penetration standing at just 3.7%, far below the global average of 7.23, the need for disruptive innovation has never been more urgent. High fixed costs, offline inefficiencies, and limited geographical expansion have created barriers for millions of Indians.

Gen Z in India lives predominantly online. According to recent trends, 64% of the population turns to the internet for information.

Updated : Jun 28, 2025

How tech-savvy Gen Z is reshaping the insurance sector in India

Despite India's rapid digital transformation, insurance penetration remains low—around 4% of GDP, with actual utilisation falling to 3.7% in FY 2023–24. Traditional distribution models and inflexible product designs continue to be major obstacles.

Many young professionals think they can postpone buying life insurance, but securing it early is like laying a solid foundation before building a house.

Updated : Jun 28, 2025

From cost myths to claim settlements: Five life insurance misconceptions holding back India’s financial security drive

Despite rising awareness and digital ease, life insurance in India still suffers from stubborn myths that keep many people underinsured. On National Insurance Awareness Day, Vikas Gupta of ICICI Prudential Life Insurance busts five common misconceptions standing in the way of financial security.

While insurance ownership is on the rise—71% of respondents hold between two to five policies—comprehension of those policies remains alarmingly low.

Updated : Jun 27, 2025

IRDAI cracks down on health claim lapses, eyes action against 8 insurance firms: Report

The IRDAI has found notable deficiencies in the practices related to health insurance claims, such as rejections, unwarranted deductions, and delays. Remedial measures may involve the imposition of penalties or requiring refunds.

The report highlighted while those earning over Rs 25 lakh annually have average term cover of Rs 1.1 crore, their coverage-to-risk ratio lags behind.

Updated : Jun 26, 2025

Insurance penetration rises, but Indians still financially exposed: Suraksha Kavach Report

The Suraksha Kavach Report 2025 reveals a troubling paradox—while more Indians are insured today, most remain under-protected in real-world crises. Gen Z, women, and rural households are the most exposed despite rising awareness.

Updated : Jun 25, 2025

Insurance illusion: 79% of Indians unsure what their policies actually cover, says survey

According to the survey, 65% of policyholders admitted they have limited or no understanding of key insurance details, such as benefits, exclusions, and claims processes. Only 35% of respondents said they fully understand the terms of their policies.

Most financial advisors recommend a minimum base cover of Rs 10 lakh to start with. This should be reviewed at least every five years or after key life milestones such as marriage or childbirth

Updated : Jun 21, 2025

Think Rs 25 lakh health insurance cover is enough? Expert drops a reality check

Medical inflation, shared floater limits, and rising hospital bills are exposing the cracks in basic health cover plans. Experts now urge families to upgrade policies with super top-ups for real protection.

Professionals splitting time between India and the UK can now opt for global health plans that eliminate the need for two separate policies.

Updated : Jun 20, 2025

Do cross-border professionals need two health policies or a flexible cover?

With more professionals splitting time between countries, managing health insurance across borders is becoming a real concern. Holding two full-fledged policies—in India and abroad—can be expensive, inefficient, and often redundant. So, what’s the smarter alternative?

61% of mothers prioritise financial stability for their children in case of unforeseen events, while 93% find child income protection features highly appealing.

Updated : Jun 18, 2025

61% mothers prioritise child’s financial stability, 46% pick term insurance as first choice: Bajaj Allianz Life Survey

A new survey by Bajaj Allianz Life reveals that 46% of Indian women prefer term insurance as the top financial tool to secure their child’s future. The study highlights a strong shift toward insurance products that combine life cover with health and education-linked benefits, reflecting women’s evolving financial priorities.

Most financial advisors suggest keeping 2–3 well-chosen credit cards for optimal long-term management.

Updated : Jun 17, 2025

Flying without cover: SBI Card withdraws air accident cover on ELITE, PRIME cards

SBI Card will discontinue complimentary air accident insurance across several premium and co-branded credit cards from July 15, 2025. The move, affecting up to Rs 1 crore in coverage, marks a major shift in the card issuer’s travel benefits strategy.

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