Beshak In The News

Major private sector life insurers like HDFC Life, ICICI Prudential, Bajaj Allianz and Max Life Insurance have hiked their term insurance premiums by 4 per cent to 7 per cent. Here are a few tips on how prospective buyers should deal with these hikes.

Financial advisers insist that buying adequate health insurance should be a priority for everyone. It acts as a financial buffer to help meet sudden, unforeseen medical expenses without having to dip into your own pocket. Despite its many benefits, many remain unconvinced about the merits of a health policy and claim it is better to maintain one’s own corpus instead. So, should you opt for a health cover or build a medical corpus?

Narayana Health aims to streamline the often-tangled web of insurance claims and hospital bills, providing patients with a smoother, more integrated healthcare experience. While the promise of ₹1 crore coverage for just ₹10,000 sounds enticing, Aditi Insurance by Narayana Health comes with a myriad of caveats that potential policy-holders need to consider. Let’s delve into the fine print of this seemingly revolutionary health insurance plan

The IRDAI has barred insurers from advertising unit-linked and/or index-linked products as 'investment products' in response to concerns over the mis-selling of these products.

What happens to my term insurance policy in India if I immigrate to another country? Will I still be covered in case of an unfortunate event?

In this episode Anupam sits down with Mahavir Chopra, an insurance industry veteran, to tackle the most pressing issues in the world of insurance. Mahavir shares insights on the trust deficit between customers and insurers, the impact of mis-selling, and how AI is transforming insurance advice. Discover why insurance is so complex, the reasons behind rising premiums, and practical tips for filing claims. Tune in for a deep dive into the challenges and opportunities in the insurance sector.

In its latest circular, IRDAI has said that if the insurer does not settle the claim during discharge within three hours of the request, the additional amount, if any, charged for the additional time the patient is required to stay in the hospital, shall be borne by the insurer from the shareholders’ fund.

Is there a limit on how much insurance companies can increase renewal premiums by? As individuals age, could they face a 40-50% hike in premiums?

Should I buy an individual health insurance policy or a family floater health insurance policy for my senior citizen parents?