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
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
My friend and I are in the process of considering term insurance, and a major point of concern for us is regarding smoking and drinking. Every broker has asked us whether we smoke or drink. One of us is a smoker who smokes almost daily, while the other person drinks occasionally on weekends or skips … Read more
Life insurers have reported a shrinkage in first-year premiums to end the quarter ended December at `1.91 lakh crore. The fall, though marginal, can be attributed to Covid-prompted lockdown and business disruption in the first quarter of this fiscal year. Demand for health insurance helped non-life insurers to tide through the tough times. That said, … Read more