Introduction Picture this scenario: You're a 32-year-old software engineer working at a multinational corporation in Bangalore. Your company provides excellent health insurance coverage worth ₹5 lakhs, covering you and your family. You feel secure, protected, and wonder why anyone would need additional personal health insurance. After all, isn't ₹5 lakhs sufficient...
What Are Restoration Benefits in Health Insurance? Restoration benefits in health insurance represent one of the most valuable features that modern policyholders can access. This benefit allows your sum insured to be replenished or "restored" during the policy year after you've exhausted it through claims. Unlike traditional health insurance policies where...
The Great Health Insurance Debate: Protection or Expensive Paperweight? Health insurance often feels like that expensive gym membership you never use—until suddenly you desperately need it. One day you're paying premiums wondering if you're throwing money away, the next you're facing a ₹5 lakh hospital bill that could bankrupt your family....
Health insurance has become an essential financial tool in today's world, where medical expenses can quickly drain your savings and disrupt your financial stability. With rising healthcare costs and increasing medical inflation, having the right health insurance policy is not just advisable—it's absolutely necessary for protecting your family's financial future. Understanding...
The insurance industry stands at a pivotal moment in its digital transformation journey. As artificial intelligence continues to reshape business processes across sectors, AI claims processing has emerged as one of the most impactful applications, fundamentally changing how insurers handle, evaluate, and resolve claims. This technological revolution is not merely...
Bima Sugam, which means "Easy Insurance” is a not-for-profit entity established by India's IRDAI aiming to transform the insurance landscape. It aims to simplify and digitise the insurance marketplace. It’s a one-stop shop for all insurance-related needs, including policy purchase, claim settlement, and advice. By enhancing transparency, affordability, and accessibility,...
Hailstorm, untimely showers, pest attack, natural calamities, rising heat – there are more challenges than we can imagine in agriculture and India is not exception to this. No doubt, all these take a toll on not only crop production but also farmer’s income. As agriculture sector is an indispensable pillar...
