Unlimited Health Insurance Plans Enter Indian Market: Will They Deliver Long-Term Value? Unlimited Health Insurance is making headlines across India’s insurance sector, offering policyholders a promise that, until recently, seemed unimaginable—coverage without any upper limit. While the concept sounds reassuring, especially for families with serious or chronic health conditions, it invites a deeper reflection: Can insurers truly make this model work, sustainably and reliably? Let us examine the practical side of this emerging insurance trend, […]

India Insurance Coverage by 2047: GN Bajpai Suggests Key Tweaks to IRDAI’s Insure India Plan The India Insurance Coverage by 2047 mission, envisioned under IRDAI’s Insure India programme, aspires to ensure that every insurable citizen and property in the country is covered. While the ambition is praiseworthy, former LIC and SEBI Chairman GN Bajpai believes that strategic refinements are essential to make this mission truly effective. IRDAI’s Bold Vision for Insurance Inclusion The Insurance Regulatory […]

How to Switch Health Insurance Without Losing Benefits: A Complete Guide Summary: IRDAI’s portability rules allow Indian policyholders to switch their health insurance provider without losing benefits like waiting period credits and accrued bonuses. Here’s a comprehensive guide on when and how to port your policy, what IRDAI mandates, and how to avoid common pitfalls—especially for individuals with chronic conditions like diabetes. What Is Health Insurance Portability? Health insurance portability refers to your legal right […]

📰 IRDAI on insurance distribution Refuses to Mandate Insurance Distribution Despite Widespread Mis-Selling Concerns 🧩 Summary Even as mis-selling of insurance products by banks remains under scrutiny, the Insurance Regulatory and Development Authority of India (Irdai) maintains its stance—distribution reforms should not be mandated. Instead, the regulator believes that strengthening consumer awareness is a more effective tool to tackle unethical sales practices. 📌 What’s the Issue? In recent years, mis-selling of insurance plans—especially through bank […]

Disclosing Pre-Existing Diseases in Health Insurance: Why It’s Crucial for a Hassle-Free Claim Disclosing Pre-Existing Diseases in Health Insurance When it comes to purchasing health insurance in India, disclosing pre-existing diseases is not just a formality—it is a vital responsibility. Many policyholders, often unknowingly, skip this crucial step and face painful consequences during medical emergencies when their claims are denied due to non-disclosure of medical history. In this blog, we aim to explain what qualifies […]