Basics of Insurance

In the fiscal year 2022, the Indian government earmarked around 860 billion Indian rupees for the Ministry of Health and Family Welfare in the Union Budget. Meanwhile, the health technology sector in India witnessed significant private equity and venture capital investments totalling nearly 1,740 million U.S. dollars in 2021.

According to the World Health Organisation (WHO), the percentage of the global population aged 60 and above is expected to almost double, rising from 12% to 22% from 2015 to 2050.

Reinsurance plays a crucial role in India's insurance industry, aiding insurers in effectively managing risks and ensuring their long-term sustainability.

E-insurance represents a transformative force in the Indian insurance market, reshaping the industry's landscape and opening doors to new possibilities.

As AI and ML continue to advance, the possibilities for InsurTech innovation are limitless. From predictive analytics to autonomous underwriting and claims processing, the marriage of actuarial sciences with AI & ML promises to revolutionise every aspect of the insurance value chain.

When it comes to the insurance realm, not everyone can comprehend the technical terms that appear on our insurance policies. Some insurance terms may seem confusing, leading to misinformation or reluctance to invest in coverage; for example - Rider. In this article, we'll delve into the concept of insurance riders, exploring what they are, how they work, and why they can be a valuable addi...

India boasts a diverse and expansive education landscape, with many schooling options available, including private schools, international schools, and specialised educational institutions.

Some Health Insurance plans offer Super NCB benefits as well for enhanced/increased coverage.

As cyber threats evolve, cyber insurance remains vital. However, with the emergence of deepfakes, reassessing coverage is crucial.