INSURANCE FRIEND

ICICI Pru launches term plan addressing women’s healthcare and wellness needs: 15% lifetime premium discount, pregnancy break for financial flexibility ICICI Pru’s new women-focused term plan offers a 15 percent lifetime premium discount, pregnancy break benefit and health and wellness services

https://srikanthmatrubai.substack.com/p/the-wet-floor excellent article on simple mistakes and how to rectify the same

Prudential HCL Health Insurance Limited, a joint venture between the UK's Prudential Group and India's HCL Group, has received registration from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a standalone health insurer. With this approval, the number of standalone health insurance companies in India will increase to eight.

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source : freefincal

https://chat.arattai.in/groups/j43545f313238373239323332353437373938303230375f343832313739332d47437c3031303134303039303131393137353935383532363235353430 The BHAKTI SAGAR group in India's very own Arratai app ___ Follow this link to join our WhatsApp BHAKTI SAGAR community /group  https://chat.whatsapp.com/EMbB6NTNS1B2dZymzIkxQ2 ____ you can join our Amazing BHAKTI SAGAR Telegram Channel https://t.me/joinchat/AAAAAFKlm9h_SyEtTyvv1Q ____ Follow the BHAKTI SAGAR channel on WhatsApp: https://whatsapp.com/channel/0029Va7cPcR6WaKnngSK143Y

New India Assurance launches India’s first Motor War Risk Protection Cover In a significant move for the insurance sector, New India Assurance has introduced India’s first-ever motor insurance add-on covering war and war-like risks. This innovative solution addresses a long-standing exclusion in standard motor policies, offering protection against damages caused by events such as war, invasion, armed conflict, and similar situations. This development is especially relevant in today’s uncertain global environment, where geopolitical risks are increasingly impacting asset safety. With this add-on, vehicle owners—particularly in sensitive or high-risk areas—can now secure an extra layer of financial protection. Key highlights: Covers damages due to war, invasion, and related perils Available as an add-on to motor insurance policies A first-of-its-kind offering in the Indian insurance market.

🚨Some Realities of the Health Insurance Industry 1. Health insurance is a necessity and not a luxury 2. You need personal health insurance even if you have corporate/office health insurance 3. Almost all insurers reject claims for random and stupid reasons 4. No insurer is a saint 5. Group Health insurance sold by banks has some very big drawbacks 6. A 5% online discount is the most toxic thing 7. When you buy a policy online, you get ZERO claims support 8. An agent who knows claims support is a priceless thing 9. Claims settlement ratio is one of the most manipulated ratios 10. 5L sum insured is completely redundant 11. PSU insurers have failed to keep up with modern terms and conditions -Nikhil Jha

HDFC Life settles 99.7% of individual death claims in FY26 The company claims that it has upgraded its infrastructure to handle claim settlement efficiently.

ICICI Prudential Life Insurance has launched ICICI Pru Signature Secure, a Unit Linked Insurance Plan (ULIP) with an in-built guaranteed maturity benefit, the company said in a press release. The single-premium product includes life cover, tax-efficient returns and a guaranteed maturity benefit. On maturity, customers receive the higher of the fund value or the guaranteed maturity benefit. The plan offers a guaranteed maturity benefit of up to 140% of the initial premium paid.

https://youtu.be/N6qAs14v7v4?si=Ev00OVm4T_hg0Gm9 PM Modi recently made a few national appeals to citizens. But hidden inside those simple appeals… are powerful investment lessons for our financial journey.

Quick question: Would you rather buy a policy with a 98% claim settlement ratio... or one that actually pays a higher share of the amount customers claim?

Tax Tantri Tax Saving Tips, Tax Queries, Tax Solutions &  Latest Tax news https://t.me/TaxTantri

https://www.linkedin.com/posts/srikanth-matrubai_dontretirerich-activity-7470726117629456386-nbI5?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM EXCELLENT ARTICLE TO NOT TO DEPEND 100% ON A

YOUR EDUCATIONAL QUALIFICATION CAN DECIDE HOW MUCH INSURANCE YOU GET! Surprising, but yes — indirectly, _it can_. There’s no legal rule that says you need a minimum educational qualification to buy term insurance. However, most insurers *prefer graduates*, and applications from non-graduates may face more scrutiny. Why? Because your education often determines your career path and earning potential. And insurers look closely at your income stability to decide: ✅ If you can afford the premium regularly ✅ What sum assured is appropriate for you So, while a degree isn’t mandatory, it often helps in getting better, faster, and more tailored term insurance coverage. #DontRetireRich

https://www.linkedin.com/posts/srikanth-matrubai_srikanth-matrubai-arn-51423-amfi-registered-share-7466434568351461376-E69u/?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM Question of the Week: What should I keep in mind while buying insurance online so that I don’t get misled?

Health Insurance compliant charts

Photo from Srikanth Matrubai

https://www.linkedin.com/posts/srikanth-matrubai_dontretirerich-activity-7467417252032835584-UC3Q?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM LEARNINGS FROM THE BONUS SHARES FROM LIC

WHY DO INSURANCE CLIAMS GET REJECTED? AND HOW TO AVOID THEM https://www.linkedin.com/posts/srikanth-matrubai_love-for-money-by-srikanth-matrubai-at-radio-activity-7465967672019550208-G6zO?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM