Insurance

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.

For businesses today, understanding and proactively addressing the insurance coverage for these illnesses is no longer a peripheral concern, it's a strategic imperative.

Updated : Apr 25, 2025

From Dengue to Malaria: Demystifying seasonal illness coverage in your health insurance

Progressive insurance solutions are also beginning to explore avenues beyond pure treatment. Wellness programs and access to health resources that educate employees on preventive measures, such as vector control, can contribute to a healthier workforce.

In light of the recent Pahalgam attack, LIC has introduced a special process for promptly processing death claims for the victims as a gesture of compassion.

Updated : Apr 24, 2025

Pahalgam attack: LIC opens special claim settlement window for victims’ families

In a statement issued on social media, LIC Managing Director and CEO Siddhartha Mohanty said, “LIC of India expresses deep grief over the death of innocent citizens at Pahalgam and has announced special concessions to settle the Death Claim of the deceased, at the earliest. LIC of India stands firmly with the aggrieved family in their moments of grief.”

The coverage limit for AYUSH treatments must be at par with allopathic treatment in the policy.

Updated : Apr 22, 2025

Are alternative treatments, Ayurveda, Homeopathy, covered under insurance plans?

In India, health insurance plans are now extending coverage to alternative treatments, including Ayurveda, Homeopathy, Unani, Siddha, and Yoga, collectively referred to as AYUSH treatments. This shift follows the endorsement of their inclusion by the IRDAI guidelines set forth in 2024.

How do wellness programmes offered by insurers work?

Updated : Apr 21, 2025

How do wellness incentives offered by insurers work? Are they beneficial in the long run?

These wellness programs typically reward individuals for engaging in health-promoting activities, which can include regular exercise, routine check-ups, and participation in health screenings

Can one get maternity insurance after the pregnancy starts?

Updated : Apr 21, 2025

Is it still possible to get maternity insurance after pregnancy starts?

Most maternity policies impose a waiting period of 3 months to 3 years, meaning you cannot claim expenses during this time.

Various conditions can affect the liver, such as fatty liver disease and cirrhosis.

Updated : Apr 19, 2025

The rising cost of liver diseases: How health insurance can save you from financial strain

Health insurance provides crucial financial protection for you and your family during medical emergencies, helping manage expenses without depleting savings or requiring loans or crowdfunding.

Journalist Seema Sengupta exits health policy amid highest medical inflation in Asia

Updated : Apr 17, 2025

Indians sitting on healthcare affordability crisis; insured families skipping treatment, rationing medicines

GOQii's India Fit Report 2025 reveals a national healthcare crisis with soaring costs affecting millions. 60% call for stronger government regulation, while 71% report skyrocketing expenses. Preventive care and wellness-linked insurance plans show promise.

Multi-year policies offer cost stability, convenience, and better budgeting options, making them a smart choice for anyone looking to future-proof their health coverage.

Updated : Apr 16, 2025

COMPANIES

NEWS