Your insurance premium isn’t just about your age, medical history, or the sum insured — it also depends on something you might not have considered: your pin code. “Where you live plays a huge role,” writes insurance expert Nikhil Jha on X. In India, insurers divide locations into risk-based zones, and your zone directly affects … Read more
Go Digit General Insurance Limited, in partnership with K.M. Dastur Reinsurance Brokers, has launched an Air Quality Index (AQI)-based parametric insurance policy tailored for migrant workers in the Delhi NCR region. The policy is designed to mitigate wage losses for construction workers affected by government-imposed construction bans during periods of severe air pollution. Specifically, when … Read more
I am an NRI working in the UK and want to purchase health insurance for my elderly parents residing in India. They are both in their late 60s and have some pre-existing conditions like hypertension and diabetes. I am concerned about the rising cost of healthcare in India and want to ensure they have comprehensive … Read more
Smoking and consuming alcohol can have negative effects on one’s health and also while purchasing health insurance. Many individuals acquire health insurance with the expectation of never having to use it, but with the assurance that the policy will be there to assist in case of unforeseen circumstances. Despite common belief, individuals who smoke and … Read more
Budget 2025: The Economic Survey 2025 stated that the Indian insurance sector has shown an upward trajectory. It noted that total insurance premiums grew by 7.7% in FY24, reaching Rs 11.2 lakh crore. The survey noted that insurance received the highest FDI of 62% of total equity FDI inflows tothe services sector. The survey, tabled by … Read more
In a significant relief for senior citizens, the Insurance Regulatory and Development Authority of India (IRDAI) has imposed a limit on annual health insurance premiums. The regulator has stated that insurance companies cannot increase premiums for senior citizens by more than 10 percent. The regulator, in a press note issued on January 30, 2025, said that … Read more
After careful consideration, I have made the decision to return to India from the US as my father is unwell. At 33 years old, I have approximately 10 crores post taxes in the US that I plan to bring back to India. I am considering splitting the funds in an 80-20 or 70-30 ratio and … Read more
There is a growing demand to reduce or eliminate the current 18% Goods and Services Tax (GST) rate on life and health insurance policies. The high GST rate on insurance premiums poses a significant obstacle, especially for individuals with limited incomes. The combination of high premiums and GST makes insurance products inaccessible to many. Ajit … Read more
The nearly 70 percent sanctioned amount of the Rs 35.95 lakh medical bill for actor Saif Ali Khan’s treatment at Lilavati Hospital has reignited debates about exorbitant healthcare costs and insurance policies in India. Influencer Revant Himatsingka, popularly known as Food Pharmer, shed light on the hidden practices of the health insurance industry that … Read more
Saif Ali Khan’s sudden hospitalisation has once again underscored the unpredictability in life. Medical emergencies can strike anytime, making health insurance crucial. Knowing the claims process in advance can help avoid last-minute stress. The Bollywood actor was critically injured in a violent knife attack during a break-in at his residence. Currently recovering at Mumbai’s Lilavati … Read more