Category: Blog

mis-selling of policies to Senior Citizen

Senior citizens, be wary of mis-selling of Insurance policies !

Mis-selling is the term which is prevalent in insurance sector. Generally the people esp senior citizens buying insurance does not have enough information while buying a policy. Many times, risk is not explained properly and half or misleading information is given. Senior citizens have sizable retirement fund at their disposal which makes them easy target […]

April it is – Best months to buy term life insurance!

Posted on December 6, 2018

Good news – Any time starting from today is the right time. So, basically the earlier the better! If you will ask any expert advice then they will suggest to buy the insurance plan as early as possible. But also upon digging further, studies have shown that April can be the month to buy an insurance […]

Digital transactions can improve hospital finances

Posted on October 31, 2018

According to World Health Organization, out-of-pocket healthcare expenditure in India is extremely high at around 62%. Since public investment on health has been stagnant at around 1% for many years, people have no option but to empty their pockets. Even the National Health Policy has admitted that nearly 63 million people are pushed into poverty […]

Empowering insurance agents for delivering great consumer experience

We are seeing today that Insurance industry has taken up the digital drive with a zeal. A number of consumer apps are being developed by insurers as well as the brokers. The main purpose of these apps is to allow greater digital connect with the consumers. It comes at a time when the consumers have […]

Digital insurance will play a key role in success of Modicare

India’s finance minister recently announced a new Health Insurance scheme during his budget speech. The proposed scheme, which has been dubbed as Modicare, will bring poorest ten million household in the country under the social security umbrella. Modicare would provide rupee five lakh cover to the poorest ten million households in the country. The premium cost […]

Can Insurers deny Health Insurance renewals

Consumers often worry that their Health Insurance premiums will go up or in the worst case Insurers will deny policy renewal in case of filing any claims. If a critical illness is detected, consumer may need to file a claim for diagnostic or in-hospital treatments. This should not result in insurers designating a customer uninsurable […]

What your health insurance does not cover?

Health insurance is becoming a necessity in life. With rising healthcare costs, families are expose to personal and financial risk in case of critical illness or emergency care requirement. Whether you are covered through your company’s group insurance policy or you have brought your own policy, it is important to have adequate protection. Some customers […]

Digital intelligence improving insurance services

Global InsurTech market is heating up. Insurers are constantly looking at means for differentiating themselves in a competitive market. In India, there are more than 50 insurers and more than 20 general insurers. The tussle to be “top of the mind” of the consumer is making insurers find new ways to connect with the consumers. […]

Buying the right mix of Insurance policies for complete protection

People buy insurance to protect against potential financial risks and to protect future requirements. The key to buying adequate protection is to make sure there are no gaps in the insurance portfolio – be it for life policy, health insurance policy or for protecting other asset classes like motor vehicles, property etc. At the same time, buying […]