Travelling abroad? Why you must get travel insurance even when it is not mandatory
More Indians are travelling abroad. Travel insurance is not always mandatory, but it is important. It protects against unexpected costs like medical emergencies and lost luggage. Policies cover various issues, including health, baggage, and trip cancellations. Travellers should consider their needs and destination when choosing a policy. Insurance offers peace of mind during international trips. It helps manage stressful situations.
Mistakes to avoid while buying a term plan
Securing your family's financial future with a term plan requires careful consideration. Common mistakes like underestimating coverage, choosing short policy terms, or failing to disclose health details can lead to claim rejections. Comparing plans, opting for necessary riders, and selecting the right payout option are crucial for obtaining the best term insurance plan in India.
How regulatory changes are reshaping motor insurance in India
India's motor insurance sector is undergoing significant transformation driven by IRDAI reforms, technological advancements, and evolving consumer preferences. These changes include standardized policies, flexible 'pay-as-you-go' options, and long-term coverage mandates. Telematics, data analytics, and specialized policies for electric and autonomous vehicles are further shaping a more inclusive and tech-friendly insurance landscape.
How technology is empowering new-age insurance models and micro-entrepreneurs
India's insurance sector is undergoing a significant transformation, driven by increased internet access, smartphone usage, and supportive regulations. This shift emphasizes simplicity and accessibility, empowering micro-entrepreneurs through the PoSP model. These digitally enabled individuals are expanding insurance reach to underserved areas, fostering financial inclusion and livelihood opportunities, making insurance more inclusive and local.
24% rise in women who have insurance in metro cities: Niva Bupa Health insurance survey
Nearly 80% claims are from women over the age of 28, according to a five-year study by Niva Bupa Health Insurance.
