Insurance Is a Risk Cover and Not an Investment: Insurance is often misunderstood in personal finance. Many individuals view it as a form of investment, expecting returns and wealth creation from it. However, the fundamental purpose of insurance is risk coverage, not wealth accumulation. This misunderstanding can lead to poor financial planning and jeopardize future…
Tier-III Cities Drive 62% of New Insurance Premiums: India’s insurance landscape is undergoing a seismic shift, and at the forefront of this transformation are Tier-III cities. According to the latest report released by Probus, one of India’s leading InsurTech and insurance broking firms, 62% of the total new insurance premiums for the current fiscal year…
Union Bank of India Wellness Deposit Scheme: In an innovative move designed to attract high-value depositors while offering health protection, Union Bank of India has introduced the Union Wellness Deposit Scheme. This scheme uniquely blends the traditional safety of fixed deposits (FDs) with the added advantage of a complimentary Rs 5 lakh super top-up health…
Best Medicare Supplement Insurance in 2025: When it comes to choosing the right healthcare coverage after retirement, Medicare Supplement Insurance, also known as Medigap, becomes a critical component for managing out-of-pocket costs not covered by Original Medicare. As healthcare costs continue to rise, seniors are seeking the best Medigap plans to avoid surprise medical bills…
What Does Travel Insurance Really Cover: Whether you’re planning a family vacation to Paris, a solo adventure to Bali, or a business trip to New York, one thing you shouldn’t overlook in 2025 is travel insurance. From the moment you book your flights and accommodations to the time you return home, unexpected situations can arise…
GST Exemption on Rs 5 Lakh Health Insurance: India’s middle class could soon experience a significant tax relief as the GST Council is considering scrapping the 18% Goods and Services Tax (GST) on health insurance policies worth up to ₹5 lakh. This move, if implemented, could provide a crucial financial breather to millions of families…
Discover a New Era of Wellness: In today’s fast-paced world, health is no longer just a personal responsibility—it’s a strategic necessity. Rising medical costs, unpredictable emergencies, and the increasing need for preventive care have made having a reliable health insurance plan more crucial than ever. That’s where our comprehensive Health Insurance Plan comes in—a revolutionary…
Maharashtra Crop Insurance Premiums 45% Higher Than Payouts in 8 Years: Between 2016-17 and 2023-24, the state of Maharashtra witnessed an alarming trend in its agricultural insurance statistics. Despite enduring multiple climate-induced calamities such as droughts, floods, and unseasonal rains, the total insurance premiums paid to companies under the Pradhan Mantri Fasal Bima Yojana (PMFBY)…
Govt to Bring Open Architecture for Individual Insurance Agents: In a significant move towards liberalizing and modernizing India’s insurance sector, the Indian Government is all set to introduce an open architecture model for individual insurance agents. The proposal comes as part of the upcoming Insurance Act Amendment Bill, aiming to unlock new opportunities and bring…
