Does your car insurance policy protect you against flood damage? Details you should know

Does your car insurance policy protect you against flood damage? Details you should know

Many parts of India have been experiencing extreme rainfall, which has led to waterlogged roads and flood damage to vehicles. Having the right insurance plan with appropriate coverage can help cover expenses caused by damage to your vehicle. “It’s important to have comprehensive insurance because third-party cover alone doesn’t offer protection. However, while a comprehensive … Read more

Why insurance companies are feeling the pinch with rising cancer cases in India

Why insurance companies are feeling the pinch with rising cancer cases in India

Insurance companies are feeling the pinch amidst an increase in lung and oral cancers cases across the country. Over the past five years, the claim share for these types of cancers has surged nearly fivefold, posing financial challenges for insurers. Data from insurance aggregator PolicyBazaar showed a marked increase in insurance claims for lung and … Read more

Health insurance: 43% policyholders faced hurdles in getting claims after treatment, finds survey

Health insurance: 43% policyholders faced hurdles in getting claims after treatment, finds survey

Almost four out of 10 patients faced hurdles to get their health insurance claim. As per a survey, 43% of health insurance policyholders, who filed a claim in the last 3 years, struggled to get the money or settle payment dues at a hospital after treatment.  The survey by LocalCircles stated that general insurance policy … Read more