Health insurance portability lets policyholders switch insurers without losing waiting period credits, but there are conditions to keep in mind.
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Health insurance portability lets policyholders switch insurers without losing waiting period credits, but there are conditions to keep in mind.
Many policyholders assume that a comprehensive motor insurance policy covers everything. The truth is, insurance companies lose thousands of claims every monsoon due to 'consequential damage': harm caused by the driver's actions after the initial flooding.
Effective Jan. 1, 2027, the RBI's updated rules will prohibit financial institutions from introducing compensation models that encourage staff or intermediaries to prioritise sales over customer interests.
Policyholders should remember that health insurers operate within a well-regulated framework and cannot reject claims without a justified reason.
While young adults understand the importance of health insurance, they often view it as a purchase for their 30s, according to the report.
India is not under-buying life insurance, it is simply over-buying the wrong kind. We have turned a protection product into a savings habit.
100% restoration or unlimited health cover may not mean endless protection. Check key insurance clauses, limits, triggers and renewal rules before buying.
Every rupee of premium now buys more cover than it did a year ago. Sum assured across the industry grew 23.6% while premiums grew 15.7%.
According to IRDAI briefings reported in March 2026, insurers committed in-principle to offer zero-commission products on the platform, with agent payouts replaced by a nominal user fee.
The proposed shift would apply across the industry, including life insurers, general insurers, health insurers and reinsurers, and is intended to improve transparency and consistency.