Two calls, six agents, and multiple documents later, he was told to upload files via a WhatsApp link. Weeks passed. No payout.
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 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.
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.
The survey highlighted that while evaluating health insurance plans, 27% of respondents prioritised the hospital network, while 24% focused on simplified policy terms.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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?
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.
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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