Madhya Pradesh slashes Ladli Behna Scheme budget, adds insurance and pension coverage for women beneficiaries

Madhya Pradesh slashes Ladli Behna Scheme budget, adds insurance and pension coverage for women beneficiaries

The Madhya Pradesh government revealed on Wednesday that the allocation for the Laadli Behna scheme has been reduced to Rs 18,669 crore for the fiscal year 2026, down from Rs 18,984 crore in the previous fiscal year. The proposed budget extended insurance and pension coverage for the 1.27 crore women beneficiaries of the CM Ladli … Read more

‘Health insurers do not load the premium…’: Insurance expert breaks down on clauses for smokers, alcohol drinkers

‘Health insurers do not load the premium…’: Insurance expert breaks down on clauses for smokers, alcohol drinkers

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

Maha Kumbh Mela 2025: Insurance plans launched by PhonePe for devotees, attendees

Maha Kumbh Mela 2025: Insurance plans launched by PhonePe for devotees, attendees

Maha Kumbh Mela: PhonePe has launched a unique insurance plan specifically for travelers attending the Maha Kumbh Mela in Prayagraj, Uttar Pradesh. The Maha Kumbh Mela, known as the largest religious gathering in the world and taking place once every 12 years, will take place from January 13 to February 26, 2025. The insurance plan, … Read more

Drunken driving rules: Is some amount of alcohol permissible while driving? Does your insurance cover such mishaps?

Drunken driving rules: Is some amount of alcohol permissible while driving? Does your insurance cover such mishaps?

Instances of drunk driving are increasing in India. Earlier this year, the Delhi Traffic Police released a report revealing that 12,468 individuals were charged with drunk driving in the first half of the year, compared to 9,837 cases last year. According to the Motor Vehicles Act, 1988, driving a vehicle with a blood alcohol level … Read more

PhonePe floats pre-approved term life insurance. Key features here

PhonePe floats pre-approved term life insurance. Key features here

Digital payments platform PhonePe has recently launched a new feature called ‘pre-approved term life insurance’ on its platform. According to a statement released by PhonePe, this innovative feature aims to enhance the accessibility of insurance coverage for millions of individuals in India. PhonePe’s new initiative is aimed at revolutionising financial inclusion in India. The step … Read more

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

Health insurance: 52% policyholders say their yearly premium has gone up by over 25% in 12 months

A survey has highlighted that a majority of policy owners that their insurance premiums have already increased in the last one year much before the Insurance Regulatory and Development Authority of India (IRDAI) removed the age limit restriction for buying a health insurance policy.  In April 2024, the IRDAI removed the age limit restriction for … Read more