Category: Insurance Resources

Difference Between Life, Health and Personal Accident Insurance

Difference Between Life, Health and Personal Accident Insurance

Many people think of life insurance when they hear the word insurance. That was the kind of impact life insurance has created on people, but in reality, life insurance is not the only insurance available in the market. Insurance can be life or non-life. Life insurance covers the life of individuals against death, whereas general […]

Pre-existing Condition in Travel Insurance

Pre-existing Condition in Travel Insurance

What is Travel Insurance? If you have a health insurance policy in India, you could claim for any hospitalization anywhere in India, but while travelling abroad, the same policy might not cover everything. Then, taking a travel insurance plan that could cover all your medical expenses in a foreign location would be advisable. The other […]

Bancassurance – The Cash Cow Myth Devolved

मेरी तफ़्तीश के ताजूरबे से कुछ सीख ग़ालिब, माथे की हर शिकन, किसी क्लेम की दास्तां बयान करती है!!! For those of us involved in the Indian insurance industry, the journey through Bancassurance has been nothing short of enlightening. Bancassurance – The Cash Cow Myth Devolved In the late 2000s, Bancassurance was heralded as the […]

Embedded Insurance: Bridging Convenience and Awareness

In the world of insurance, a revolutionary concept is taking centre stage – embedded insurance. This innovative approach aims to seamlessly integrate risk protection into the customer’s purchase journey, making insurance more accessible and convenient. However, as we explore the landscape of embedded insurance, it’s essential to strike a balance between convenience and awareness. Embedded […]

Rethinking Global Mandates in Insurance Broking: A Case for Local Expertise

Rethinking Global Mandates in Insurance Broking: A Case for Local Expertise In the world of insurance broking, global mandates are increasingly becoming a norm. These agreements between clients and brokers bind clients to prefer the services of a particular broker on a global scale. While such arrangements often hinge on the international relationships brokers have […]

Indian Finance Budget 2023 - Impact on Insurance Sector

Indian Finance Budget 2023 – Impact on Insurance Sector

The Indian Finance Budget 2023 has brought about significant changes poised to shape the landscape of various sectors in the country. One such sector that has garnered attention is the insurance sector. In this article, we will delve into the implications of the budget on the insurance sector, focusing on Ethika Insurance Broking, the impact […]

Insurance Agent and Insurance Broker Commission Structure in India

Insurance Agent and Insurance Broker Commission Structure in India

The Government of India’s Insurance Regulatory Development Authority decides the insurance agent’s and insurance broker’s commission structure in India. The maximum commission in the general insurance business is paid in the motor insurance segment, whereas the minimum is paid in the group health insurance segment. IRDAI has set a cap on the commission payable under […]

Claim Settlement Ratio and Incurred Claims Ratio in Health Insurance

Claim Settlement Ratio and Incurred Claims Ratio in Health Insurance

Words like Claim settlement ratio and incurred claims ratio are frequently used in the health insurance industry. Claim settlement ratio is considered as a sign of trust on the insurance company when it comes to settling the claims, claim settlement ratio was used as a USP until recently to sell the insurance. Claim settlement ratio […]

The Impact of Blacklisted Hospitals in Insurance Industry

The Impact of Blacklisted Hospitals in Insurance Industry

What is Blacklisting of Hospitals in the Insurance Industry? Blacklisting is placing a hospital in a position where there would be no further dealing with it in any case. Once blacklisted, Insurers do not empanel or engage with such hospitals. Customers should consult their insurance companies before making a claim. They should ensure their preferred […]

Interior Decorator Business Insurance Plans in India 2023

Interior Decorator Business Insurance Plans in India 2023

What is Interior Decoration Business Insurance? Interior decoration business insurance is designed to cover the losses or expenses arising from their operations due to unexpected or unforeseen consequences. Interior designers and decorators deal with creative assignments that form their major income source. There might arise lawsuits due to deficiency in the services provided by the […]

Manufacturing Sector Insurance Plans in India 2023

Manufacturing Sector Insurance Plans in India 2023

What is Manufacturing Sector Insurance? Manufacturing sector insurance plan is designed to protect the interests of manufacturing company owners. Various perils would cause damage or loss to the manufacturing sector and are covered under the manufacturing insurance plans. Manufacturing insurance plans cover property damage, liability towards third parties for bodily injury and property damage, employees’ […]

Construction Insurance Plans in India

Construction Insurance Plans in India 2023

What is Construction Sector Insurance? The construction insurance plans provide comprehensive cover that includes various civil engineering works such as building, water tanks, erection of buildings, sewage treatment plans etc. Construction insurance plans are designed to cover the damages or losses arising during the construction period due to any insured peril at the time of […]

Startup Business Insurance Policies in India

Startup Insurance Plans in India 2023

What is Startup Insurance? Startup insurance refers to insurance coverage specifically designed to protect the financial interests of start-ups and small businesses. Start-up insurance covers business losses and damages from various risks such as natural calamities, liability from third parties, property damage and financial loss. Some common types of start-up insurance are general liability insurance […]

Business Insurance Plans in India

Business Insurance Plans in India 2023

What is Business Insurance? Business insurance plan is one type of insurance that offers coverage to businesses for covered perils. Business insurance would cover the damages or losses to the property from insured perils and protects from third-party damages and legal expenses. All organizations can take business insurance to safeguard their interests and provide them […]

Real Estate Sector Insurance Plans in India 2023

Real Estate Sector Insurance Plans in India 2023

What is real estate sector insurance? Real estate sector insurance provides coverage for property owners who rent or lease their properties that could be used for office spaces or any commercial purpose. Real estate insurance covers the loss or damage to properties leased or rented out due to natural or man-made perils. The real estate […]

Agriculture Insurance Plans in India 2023

Agriculture Insurance Plans in India 2023

What is Agriculture Insurance? Agriculture insurance is the protection given to the agriculturists against damage caused to their properties against the named perils. Agriculture insurance is a risk management tool that provides farmers with financial protection against agricultural losses such as loss of crop or loss of lives of livestock etc. Types of crop insurance […]

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Which one is better to opt – Retail Health Insurance or Group Mediclaim

Look at the this comparison that will help you understand the difference between group and retail health insurance.

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Indian Insurance History – Chronology of Events and Insurance Timeline

Twenty two years and we finally seem to be reaching a singularity touch point, to borrow from Ray Kurzweil, in the Insurance industry. In the next couple of years, technology would probably be inseparable from insurance; technology would have affected the way insurance is sold, the way it is serviced and everything in between. But […]

Right Term Insurance Plan - Vector image having check boxes

The Right Term in a Term Insurance Plan.

Yesterday I overheard a conversation between two friends, here’s a transcript of how it went – Amit : Hey Suman, I turn 30 next month, what do you think should I gift myself? Suman : Haha, finally you go to the wrong side of youth, very soon you will be the disadvantageous demographic dividend 😄 […]

Gift Insurance

The Gift of Insurance

The blind date you had gifted your friend, on her last birthday, hadn’t turned out the way you had anticipated. This year being her 30th, you are under added pressure of choosing a gift that would be commensurate to the occasion. As you relentlessly reject one gift after another, browsing through Amazons, Lenskarts, Ferns & […]

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IRDA plans to link insurance frauds with individual credit score

In a recent development IRDA is planning to link insurance frauds with the individual’s credit score. This means that the credit score of an individual would be affected if found guilty of doing an insurance fraud. This means the Pan card of an individual should be submitted at the time of taking the insurance policy […]

future insurance

Ethika Insurance Analysis on Future of Health Insurance in India

Health insurance is a contract between the customer and insurance company in which the insurance company agrees to settle the hospitalization claim bill of the insured customer due to any insured illness or disease up to the sum insured mentioned under the policy in return for a considerable amount known as “premium”. As per the […]

Technology in Group Health Insurance Illustration

How Technology is Changing Group Health Insurance?

Do you still use telegrams when you need to deliver urgent messages? Do you use a bullock-cart pool to work? When was the last time you plugged in a cassette or backed up your laptop on floppy discs? Better still, how about a dial-up connection for all your internet needs? No no don’t worry I […]

Workers compensation insurance protection

Types of Workers’ Compensation Insurance

While we give the best perks and benefits to our directors and CEOs, we ignore the basic benefits for our workers. They are the only breadwinners in the family. In addition to taking care of occupational safety, one should always value their well-being. We would rather call it Work-care compensation insurance?  In this article, we […]

insurance for startup employees

The Next Big Thing in Group Health Insurance for Startups

Before we talk about Group Health Insurance for startups, let’s talk about existing times. This is both one of the best and, ironically, one of the worst times to be alive. Wealth and health are faltering and building up at alarming paces, uncertainty is widespread. But you know what else is widespread – the spirit […]

fire insurance policy advantages and disadvantages

Advantages You Should Know About Commercial Fire Insurance Policy

An enterprise, big or small, is the culmination of years of effort and a lifetime of investment. Our business is protected from any evil eye by all means before it is set up, especially in India. However, is our business prepared for disasters? Has it been protected against fire damage? What are the commercial fire […]

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The Biggest Problem with Group Health Insurance- Advantages and Disadvantages, and How You Can Fix It?

If you are looking for a group health insurance plan, we hope you have read our guide to the pros and cons of different types of health insurance plans available on the market today at Health Insurance Company (HIC).

Steps to Get the Fire Insurance Claim

We buy fire insurance to protect our property. The property may be residential or commercial, owned or rented. Insurance not only provides protection against natural or man-made disasters but also assures policyholders that in the event of any unfortunate event, the insurance company is there to assist in any way. In order to ensure a […]

11 Reasons Why You Should Invest in Group Health Insurance

Have you ever noticed how inadvertently the word ‘Group’ and all its applied implications, connotations, make such a huge part of our lives? No matter how you look at things whether you identify as an individualist or a conformist. We are all at the end of the day a part of something or the other […]

Bank insurer sitting with client in grey coat - bank health insurance policy comparison

Should You Consider the Health Insurance Provided by Banks Under Group Health Insurance?

What, according to you, is the most valuable thing that is secured by banks? The answer surprisingly is “our Health”. Other than securing our valuables, banks also secure our health. But does this bank health insurance policy provide enough features and coverage? Let’s understand this, through a real-life incident that happened with Mr. Prateek and […]

super top up health insurance plan benefits - this graphic has one fact of average spending on medical expenses by every Indian

What are the Benefits of Super Top Up Health Insurance Plan?

A super se bhi upar health insurance plan! Once a 5 year old kid asked a gentleman, ‘Uncle what do you call super se bhi upar in English. The gentleman promptly replied, ‘Super- Top up’ because that gentleman was an insurance broker. Well, jokes apart, a Super- Top Up health insurance plan can come to […]

Monalisa mask photo with a health insurance question, if covid covered in health insurance policy or not.

Best Health Insurance Policy in India

‘He who has health has hope; and he who has hope has everything’- Thomas Carlyle The above quote holds even more true in today’s world. People, especially after the corona pandemic have realized that the best investment to put in, is our own health. The best health insurance policy depends holistically on every individual’s needs […]


How to structure the right employee benefits package?

With employment opportunities galore and an open war for talent, employers are trying to find innovative ways to win over the 60% of the population that is under the age of 25.  Indian companies historically have provided employee benefits such as health coverage, leave benefits and statutory retirement programmes.  These were fairly standard in old […]

How to Pick an Affordable Group Health Plan for Your Start-up?

The importance of a health insurance plan is not unknown. As a start-up owner, one of the biggest questions you might be tackling is whether or not you should offer health insurance cover to your employees. A group health insurance plan, is a health insurance coverage offered to people working in the same organization. This […]

Personal Health Insurance: How to make it Affordable?

The personal health insurance premium is the amount paid by a policyholder to the health insurance provider. Other charges, such as deductibles and co-payments, can increase the cost of your overall health coverage premium.

6 Steps to Reduce Group Health Insurance Premium Cost

Cost-cutting is a hard reality, especially in the post-pandemic era. As an employer, you want to do what is best for your employees while not losing sight of your company’s long-term goals. For your company to run smoothly and have a sustainable future, you must look at all possible ways to reduce your costs. Your […]

Mobile Phone Insurance : Is it just enough?

Who is the one person that knows you more than you know yourself? The answer is not a living being but an inanimate object – your smartphone. From your thoughts to your eating preferences and your political opinions, your smartphone is your personality condensed into digital data. With all the sensitive information such as your […]

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Coronavirus- The high impact on employee mental health

It’s no surprise that the Indian economy has taken a big hit post corona as the news arrives. The GDP of the country has contracted in double-digits, the lowest in decades. We have come from being the world’s fastest-growing economy to our GDP being lower than Bangladesh, the situation looks bleak for everyone in 2020. […]

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MOTOR INSURANCE (Private Car) – Things you Should Know

A mechanically self-propelled vehicle; supposed to be ply on the public roads should have at least ‘ THIRD-PARTY ‘ Insurance as per the Motor Vehicles Act Coverage under motor insurance: OWN DAMAGE: (Comprehensive) The company will indemnify the insured against loss or damage to the insured vehicle. i. by Fire ii. by Explosion iii. by […]

Directors & Officers Liability Insurance

Directors & Officers Liability Insurance

ABOUT PRODUCT IN BRIEF:   Being a Director or Officer of a company brings with it not only the stresses and strains of making business decisions, but it also exposes the individual to enormous potential personal liability. This in turn is leading to greater concern among Directors & Officers of Indian Corporates. D & O […]

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Let us divorce– first hand story

“This will put an end to all your problems,” he said sternly and left. I sank into the sofa, stunned. Dumbfounded. What did I do for this? Don’t I deserve a good life, a happy relationship and a secure future? Don’t I deserve joy or some peace of mind at the very least? Am I […]

vector image of a women doing karwachauth

Gift Your Spouse “Health Insurance” this Karwachauth

I walked into my bedroom, after my dinner and a stroll. It is already past 8 PM. My wife, Sharada (Saru, as I lovingly call her) also would have retired by now. As I entered, I saw my Saru standing at the fully open French window, gazing at the moon, with wide-open arms, as if […]

vector image of people talking - Howshould Start-ups get Group Health Insurance?

How Should Start-ups get Group Health Insurance?

This is the most frequently asked question by startup founders. Though it is not mandatory to offer Group Health Insurance to the Employees for white-collar Employees, the organizations provide this as a benefit to the Employees as every other organization is doing so. Employees expect to get Health Insurance benefits from the Employer, as it […]

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Why is Health Insurance Important?

The pandemic has made the world realize that medical emergencies are unpredictable and can cause a financial catastrophe so huge that it would be impossible to bear the burden without the aid of insurance. Treatment in a private hospital can derail your finances, and it becomes more difficult if the breadwinner of the home suffers […]

written fact - health claim

Health Insurance Claims – A Perspective

Health is Wealth. This is a saying which every one of us will agree and vouch for. However, it an unwelcome situation where the hard-earned wealth has to be spent to regain the health which got deteriorated for some reason or the other. It is from this concept that the ideology of Health insurance cropped […]

image of doctor - Pre-existing diseases in health insurance

Have you Noticed this Condition in your Health Insurance Policy?

All you need to know about pre-existing diseases in Health Insurance. Pre-existing diseases are diseases that the policyholder already suffers from before purchasing a personal health insurance policy. This policy condition determines playability in a majority of health insurance claims. Must Read – What are the Benefits of Super Top Up Health Insurance Plan? As per […]

image of will - last will for nominee

Death claim in Insurance – Execute A Will For Your Nominee To Get The Proceeds Of Your Insurance Claim After Your Death

Like thousands of people, do you think that the Nominee will get the proceeds of your Insurance Claim after your death? Then you are mistaken. The nominee is just a custodian of the claim amount. He can’t spend the amount. He will have to give the proceeds to the legal heir as per the succession […]

image of doctor - Group Mediclaim to Personal Health Insurance Portability

Group Mediclaim to Personal Health Insurance Portability

The insurance regulator has permitted the porting of health insurance. Here are the guidelines for converting group health insurance to individual health insurance: If an employee wants to port the policy to a personal health insurance policy from the group policy, he can do so, at the time of exit from the company. The employee […]

save tax under section80D

How to use Section80D to save maximum tax?

We are allowed to claim a deduction of Rs.25K from our taxable salary for the Mediclaim Insurance premium. But so many of you will be covering yourself (including spouse and kids) within Rs.10K to 15K only. You can utilize the balance benefit by purchasing an Outpatient benefit Insurance policy. For example, let’s say your Mediclaim […]

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3 options for the high Treatment cost of Covid

Worried about the high Treatment cost of COVID? Here are the 3 options you have Option A: Ask for an additional Corporate Floater from the Same Insurer Any claim crossing the normal sum insured can be paid from this corporate Floater. You should have a minimum of 40 lacs buffer, for a group size of […]

vector image of people holding insurance papers - material fact in an insurance contract

What is a material fact in an insurance contract?

“A material fact under the insurance contract is any situation or information which can increase the frequency and/or severity of a loss which is covered under that particular insurance contract.” Any fact that has relevance to the risk in question is a material fact and is used by the insurer to assess the risk before […]

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Why Insurance claims of accidental deaths caused by drunk and drive are denied?

I was having an interesting chat with one of the corporate hr leaders yesterday. His question was: “Why in Accidental Deaths, if the person died is found drunken driving, he is denied the insurance claim ” He continued “the proceeds of the claim are meant for his family members. Why punish family members for the mistake […]

vector image of Modern Treatment methods and your health insurance

Modern Treatment methods and your Health Insurance

With rapid advancements in the field of medicine, every year, we see many new and modern methods of treatment being made available for the benefit of the people. Listed below are a few such Modern Treatment Methods: A. Uterine Artery Embolization and HIFU B. Balloon Sinuplasty C. Deep Brain stimulation D. Oral chemotherapy E. Immunotherapy- […]


Does Covid 19 gets covered under Workmen compensation Insurance policy?

If you are already covering your workers under ESI then the workmen compensation policy is not applicable. The compensation and treatment cost of the disease will be as per ESI policy. For those cases where the workers are only covered under the Workmen compensation policy, you can read further. Workmen’s Compensation policy covers any worker […]

vector image of papers - LIABILITY INSURANCE

All about Liability Insurance

If you wish to have a quick idea of what liability insurance is all about, let me tell you, liability is the amount that any business or individual is legally responsible for, owing to carrying or failing to carry their duties diligently. The insurance that covers expenses and payouts in such situations is called Liability […]

vector image of 2 people talking -Difference between insurance agent and insurance broker

Insurance Broker Vs Insurance Agent

I was traveling to Vizag by train. During journey the person beside me seemed very knowledgeable. We immediately became friends. During our conversation, he asked me, what I do for a living. I said, “I am an insurance broker”. His attitude toward me immediately changed. He hardly spoke to me later. “What happened ?”, I […]

Health Insurance For your family

20 Lakhs Health Insurance At Just 2k For Your Family

20 Lakhs Health Insurance At Just 2k For Your Family Recommended Post Best Health Insurance Policy in India

vector image of covid policies - Covid-19 Insurance Policies Comparison

Covid-19 Health Insurance Policies Comparison

Insurer Eligibility Age No Travel Benefit Type Sum Insured Premium (Rs) Other Benefits Digit Group Policy (with Flipkart) 18-60 Yrs Last 30 days Indemnity 3L & 1L 1267 511 1. 30& 60 Days pre & post Hospitalization 2. No room rent capping 3. Ambulance Assistance 1% ICICI (with PhonePe & Flipkart) 18-75 Yrs After 31st Dec […]

vector image of car and woman - Motor Insurance

Importance of Declaring claims details in Motor Insurance

We buy motor insurance to claim when there is damage. But when we claim, the premium will be higher during renewal. This is why people tend to hide their claim history upon renewal. But hiding the claim details will not help. Because there is a common database with IRDA where all the motor claims from […]

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“your insurance policy does not cover this” don’t here this ever from insurer

Customer – I want to claim my laptop theft. Insurer Claim Manager -Oh I am so sorry? How did you lose it? Customer – I actually lost my car key in during parking and someone stole the laptop from my car. Claim manager – Oh I am so sorry. It is not covered as it […]

vector image of health workers - Health Insurance for Workers is made mandatory by Government

Health Insurance for Workers is made Mandatory by Government

In the guidelines released by the Ministry of Home Affairs, it has been made mandatory to have health insurance for workers when the restarting of operations starts on April 20th. Normally, in a factory or manufacturing premises, the workers are covered under Workmen’s Compensation for occupational hazards and not for medical insurance. Some workers covered […]


How to be prepared to have hassle free treatment & claims process in personal health insurance

An insured purchases a personal health insurance policy after a thorough understanding and comparison. But the job does not end there. A health insurance policy is a good deal only if you get your claim settled hassle-free. But the insurance company alone is not responsible for getting this done for you. There are a couple […]

image of health insurance - How to get a Health Insurance cover of 1CR at just Rs. 12000

Get a Health Insurance cover of 1 Cr at just Rs. 12K for Self , Spouse & 1 child.

There are a lot of new inventions in the health care sector with developments in science & technology. Robotic surgeries are soon going to be a common process of treatment in the future. It will be possible that the doctor or the specialists need not be physically present with the patient. There will be less […]

image of lockdown - Don’t allow lockdown to lock your insurance cover as well

Don’t allow lockdown to lock your insurance cover as well

IRDA has given relaxation of 30 days in addition to the grace period of 30 days in the policy, for the payment of life insurance and health insurance premiums falling due during the lockdown time. So, your policy will not lapse. However, claims falling due after the expiry is not considerable till the payment of […]

image of doctor - Better alternatives for Optional covers in insurance policies

Better alternatives for Optional Covers in Insurance Policies:

Better alternatives for optional coverage in insurance policies: Term Life Insurance-Return of Premium policies:The return received as a survival benefit is less when compared to the return under FD for the same term for the extra premium paid under this policy. PA is covered as a rider in various policies: It is good to buy […]

image of a woman watching out of window - ALL ABOUT LOCKDOWN AND ITS IMPACT ON INSURANCE

All about Lockdown and its impact on Insurance

The impact is not the same for all the lines of insurance. Life insurance is staring at huge claims due to the sudden and increased number of deaths, whereas the increased risk of falling sick has made people more aware of it. We will look in detail at the impact on commonly purchased lines of […]


Terms & conditions in Health Insurance Policy Should not be used for Marketing Tactics

When it’s a question of simply pooling the money for one who would actually incur a loss, then why are there so many terms and conditions? Why can’t it be as simple as that? In the case of hospitalization, the total bill amount up to the sum insured is payable? All I want to say […]

vector image of maternity insurance - GET YOUR 15 LACS HEALTH INSURANCE AT NO ADDITIONAL COST

How to get your 15 lakh Health Insurance at no additional cost for the next 14 years?

Are you planning to get married? Are you prepared for the roles and responsibilities that come with it? Every milestone in your life brings more responsibilities. Manage them well with a beautifully designed health insurance policy that covers Maternity expenses up to Rs.1.5 lacs. If you take this policy just 3 years before becoming a […]


What is the difference between employee compensation and employee benefits?

What is the difference between employee compensation and employee benefits? Compensation: Compensation is a monetary or non-monetary consideration given by an employer to an employee for his or her work in the organization. Compensation is pre-agreed rumination and part of CTC, and the organization can change the structure over time. Employee compensation can either be in […]


How to Pickup an Affordable Group Health Plan for your Startup?

How to Pickup an Affordable Group Health Plan for your Startup? It’s an acknowledged fact that hiring for a start-up is a challenge that every entrepreneur’s (especially first-time ones’) headache is centered around. Attracting a settled and performing individual to leave all behind and jump ship (more like jump ship to the boat) is hard […]

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What impacts your premium in Group Health Insurance?

When it comes to premiums, the Indian market is very competitive compared to the world market and is driven more by prior year premiums than claims experience. As a result, organizations and employers have a good ride, as they can pass the risk to insurance companies and enjoy a great range of benefits without getting […]

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Covering Employees Parents under group health insurance- 3 different cases

Covering Employees’ Parents under group health insurance- 3 different cases The premium payable is decided based on many factors and the most important among those is the previous year’s claims. With people who are aged and with a pre-existing disease it is very natural that the frequency of claims will be high and most of […]

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Framework for Structuring the Group Health Insurance Plan for your Employees

Framework for Structuring the Group Health Insurance Plan for your Employees Let’s see the basic point to consider when designing an efficient plan: Focus on preventive health checks: Healthy employees make for a healthy workplace. Timely health screenings of employees are important not just for the wellness of the employees but also for the growth […]

vector image of home - Determining the Sum Insured for Property Insurance

Determining the Sum Insured for Property Insurance

It is vital to understand the operation of an insurance contract in order to look into the aspect of determining the sum insured under the policy. A contract of insurance is defined as “a contract whereby one party, called the Insurer, in consideration of premium paid by another party, called the Insured, agrees to indemnify […]

vector image of hands and fingers - HOW TO CONTROL THE CLAIMS IN GROUP HEALTH INSURANCE

How to Control the Claims in Group Health Insurance?

How to exercise claim control measures in group health insurance Group Health Insurance premiums in the Indian market are very competitive compared to the world market and have been driven more by prior year premiums than claims experience. As a result, organizations and employers have had a good ride, as they were able to pass […]

vector image of hands protecting people - Mera Naam hai Insurance and I am not an Investment

Why Do We Ignore Insurance in India?

Lack of awareness Indian culture is rich in a lot of things, but financial consciousness is not one of them. Children and young adults are educated in social do’s and don’ts, but not in matters of financial planning. All of us have seen examples around us when risk planning is discussed on the hind side. […]

iamge of insurance broker explaining - Do you really need a Insurance Broker for Group Health Insurance

Do You Really Need Insurance Broker for Group Health Insurance ?

Finding a well-planned and comprehensive Employee Benefits Program for the employees can be a real challenge and that’s why insurance helps in designing a well-structured benefits program so that the right people continue to work for an organization. Furthermore, the whole customer experience in group health insurance or group mediclaim is driven by a triad […]

vector image of Employee State Insurance CorporationEmployee State Insurance Corporation

Employee State Insurance Corporation

Employee state insurance corporation (ESIC) is a comprehensive insurance system that safeguards the employee in situations like disability, sickness, maternity, as well as in case of demise. All the benefits administered are in line with the international labor organization. ESIC administers the ESI (Employee state insurance). Recommended Post Benefits of ESI Scheme Who is covered […]

How to Negotiate for Billing while in hospitalization without Insurance

How to Negotiate for Billing while in hospitalization without Insurance

The commercialisation of health care is a burning agenda today. There is no regulation on hospitals and hence we don’t have anything like MRP or say standard rates for hospital procedures. Negotiating with the art of negotiation under the assumption that there is no medical insurance.

image of employees working - Insurance Right place to build your career

Insurance – Right place to Build your Career

The insurance industry is presently seeing many reforms. A recent amendment to the Insurance Act to increase the FDI to 74% has made this sector very lucrative. The whole world is looking at India as a minefield of insurance opportunities. The current market penetration in Insurance is only 3% which is half of other developing […]