Insurance

The company announced a special reversionary bonus of 5%, amounting to Rs 206 crore, for some of the policyholders.

Updated : May 8, 2025

Bajaj Allianz Life announces Rs 1,833 cr bonus for FY25 policyholders

As per Bajaj Allianz Life, the FY25 bonus will be applicable to traditional participating policies that are active as of March 31, 2025. The eligible plans include Bajaj Allianz Life Ace, Bajaj Allianz Life Ace Advantage, and Bajaj Allianz Life Elite Assure.

By having a co-payment, senior citizens can potentially lower their overall premium, making their policy more cost-effective.

Updated : May 8, 2025

Mother's Day: Can I purchase a health insurance policy for my mother, who is a single parent and does not have any cover?

With healthcare costs steadily rising and age-related ailments becoming more common, timely health insurance not only provides access to quality treatment but also shields your family from financial strain. The co-payment, typically ranging between 10% to 30%, is a set percentage of the claim amount that the insured is responsible for paying out of pocket.

A ULIP (Unit Linked Insurance Plan) combines life insurance with investment. Part of your premium goes toward life cover; the rest is invested in funds (equity, debt, or hybrid).

Updated : May 6, 2025

Bandhan Life launches ULIP Plus: High life cover up to 50x premium with market-linked returns

ULIP Plus is structured to provide an impressive level of protection, ensuring nominees receive the greater of the fund value or the base sum assured, with a guaranteed minimum payout of 105% of total premiums paid. The plan further includes top-up benefits to boost overall coverage and fund growth.

To achieve full financial security, it is recommended that your sum assured should be a minimum of 20 times your annual income, based on your current age.

Updated : Apr 30, 2025

I’m a 36-year-old single mother. I live with my daughter and parents. What kind of term insurance should I buy?

As a 36-year-old single mother, you carry the important responsibility of being both the provider and protector for your daughter and parents. Choosing the right term insurance plan is a vital step toward securing their financial future and ensuring they remain protected, no matter what life brings.

For businesses today, understanding and proactively addressing the insurance coverage for these illnesses is no longer a peripheral concern, it's a strategic imperative.

Updated : Apr 25, 2025

From Dengue to Malaria: Demystifying seasonal illness coverage in your health insurance

Progressive insurance solutions are also beginning to explore avenues beyond pure treatment. Wellness programs and access to health resources that educate employees on preventive measures, such as vector control, can contribute to a healthier workforce.

In light of the recent Pahalgam attack, LIC has introduced a special process for promptly processing death claims for the victims as a gesture of compassion.

Updated : Apr 24, 2025

Pahalgam attack: LIC opens special claim settlement window for victims’ families

In a statement issued on social media, LIC Managing Director and CEO Siddhartha Mohanty said, “LIC of India expresses deep grief over the death of innocent citizens at Pahalgam and has announced special concessions to settle the Death Claim of the deceased, at the earliest. LIC of India stands firmly with the aggrieved family in their moments of grief.”

The coverage limit for AYUSH treatments must be at par with allopathic treatment in the policy.

Updated : Apr 22, 2025

Are alternative treatments, Ayurveda, Homeopathy, covered under insurance plans?

In India, health insurance plans are now extending coverage to alternative treatments, including Ayurveda, Homeopathy, Unani, Siddha, and Yoga, collectively referred to as AYUSH treatments. This shift follows the endorsement of their inclusion by the IRDAI guidelines set forth in 2024.

How do wellness programmes offered by insurers work?

Updated : Apr 21, 2025

How do wellness incentives offered by insurers work? Are they beneficial in the long run?

These wellness programs typically reward individuals for engaging in health-promoting activities, which can include regular exercise, routine check-ups, and participation in health screenings

Can one get maternity insurance after the pregnancy starts?

Updated : Apr 21, 2025

Is it still possible to get maternity insurance after pregnancy starts?

Most maternity policies impose a waiting period of 3 months to 3 years, meaning you cannot claim expenses during this time.

Various conditions can affect the liver, such as fatty liver disease and cirrhosis.

Updated : Apr 19, 2025

The rising cost of liver diseases: How health insurance can save you from financial strain

Health insurance provides crucial financial protection for you and your family during medical emergencies, helping manage expenses without depleting savings or requiring loans or crowdfunding.

Journalist Seema Sengupta exits health policy amid highest medical inflation in Asia

Updated : Apr 17, 2025

Indians sitting on healthcare affordability crisis; insured families skipping treatment, rationing medicines

GOQii's India Fit Report 2025 reveals a national healthcare crisis with soaring costs affecting millions. 60% call for stronger government regulation, while 71% report skyrocketing expenses. Preventive care and wellness-linked insurance plans show promise.

Multi-year policies offer cost stability, convenience, and better budgeting options, making them a smart choice for anyone looking to future-proof their health coverage.

Updated : Apr 16, 2025

Why buying multi-year policies in health insurance makes financial sense

Multi-year health insurance policies are long-term plans that offer coverage for a 3 to 5-year period under a single premium payment or structured payment schedule.

Despite its growing importance, a significant portion of health insurance policyholders in India remain underinsured.

Updated : Apr 16, 2025

48% of policyholders opt for health insurance coverage of Rs 5 lakh or less: Policybazaar

The report also stated that Indians continue to favor traditional financial instruments such as gold, fixed deposits, insurance-linked savings schemes, and real estate.

FIPL, which was operating as a corporate agent and ISNP platform, was found to be redirecting consumers towards the “Buy Insurance” section.

Updated : Apr 15, 2025

Flipkart fined Rs 1.06 crore by IRDAI for insurance norm violations: Report

Flipkart has been slapped with a Rs 1.06 crore penalty from the Insurance Regulatory and Development Authority of India (IRDAI) for improperly redirecting insurance customers.

The CGHS is a compulsory health scheme, and deductions begin automatically for employees whose residential area falls within the CGHS dispensary zones.

Updated : Apr 13, 2025

CGHS card rules: Health ministry revises guidelines for central govt employees

The Ministry of Health & Family Welfare mandates CGHS cards for employees with deducted contributions, ensuring access to health benefits regardless of application status.

In order to qualify, premiums must be remitted via an NRE account.

Updated : Apr 12, 2025

Insurers offering up to 40% discount on health premiums for NRIs

Health insurers introduce significant discounts on premiums for NRIs, addressing high premium concerns and incentivising low-claim profiles.

Updated : Apr 11, 2025

Bajaj Allianz Life Insurance unveils women-centric term plan with critical illness, child care benefits

Bajaj Allianz Life launches Superwoman Term insurance, focusing on women's financial security, with benefits such as critical illness coverage and child care support. Strong financial metrics back the offering.

“They asked for hospitalization papers. I said we’ve already submitted the originals. He demanded for copies. Luckily we had one set,” Gupta wrote.

Updated : Apr 10, 2025

'Where’s your Google timeline?’: Health insurance probe leaves Mumbai-based CA stunned

They showed their ID cards and asked to enter his home to verify a health insurance reimbursement claim.

If you don’t already have a policy, it’s best to purchase one as early as possible, ideally before pregnancy. Early enrollment ensures seamless coverage without exclusions.

Updated : Apr 2, 2025

Does gestational diabetes impact future health insurance premiums?

If you are considering buying a new policy post-pregnancy, insurance providers may examine your medical background, specifically looking at gestational diabetes, to evaluate any possible long-term health implications. This may lead to a waiting period or increased premiums, particularly if diabetes continues to be present.

Updated : Apr 1, 2025

'Discontinued my medical insurance after...': Columnist flags 14% inflation, says 'dark days ahead for commoners'

Her comment comes amid rising discontent among policyholders, especially senior citizens, facing steep hikes in health insurance premiums.

Experts advice that one should take corporate insurance policy as a secondary option alongside a separate health insurance plan that caters to your specific medical needs.