Insurance Company Archives | Ethika Insurance Broking Pvt Ltd

Tag: Insurance Company

What is a Material Fact in an Insurance Contract?

In the complex landscape of insurance contracts, grasping the significance of material facts is crucial. As a policyholder with Ethika Insurance Broking, comprehending these facts is pivotal for making informed decisions about coverage. The Crucible of Clarity: Material Facts in Insurance Contracts Unraveled Defining Material Facts Material facts are key information influencing an insurer’s decision […]

Navigating Life’s Waters with EAP: What Can You Share?

Navigating life’s unpredictable journey presents challenges ranging from stormy weather to sunlit horizons. Employee Assistance Programs (EAPs), like those offered by Ethika Insurance Broking, act as reliable lifebuoys, providing a secure harbor for individuals to address a myriad of concerns openly. The Significance of EAPs in Addressing Various Facets of Our Lives Are:- 1. Stress […]

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

In the dynamic realm of insurance broking, a noteworthy trend is emerging—the prevalence of global mandates. These agreements, forged between clients and brokers, commit clients to exclusively availing services from a designated broker globally. While such arrangements often rely on international relationships between brokers and their clients’ head office personnel, a critical question arises: Can […]

The Cost of Waiting: Understanding the Risks of Not Having Personal Health Insurance

Personal health insurance was seen as a product that should be purchased at the time of illness, and people used to wait for a certain period of time before taking a personal health insurance policy. It is detrimental to wait before taking the personal health insurance policy as it can have many mental and financial […]

Embedded Insurance: Bridging Convenience and Awareness

In the dynamic realm of insurance, a groundbreaking concept has emerged, taking centre stage and transforming the way we perceive risk protection – embedded insurance. This innovative approach endeavours to seamlessly integrate insurance into the customer’s purchase journey, promising accessibility and convenience. However, as we delve into the landscape of embedded insurance, a critical consideration […]

Co-payment in Health Insurance

What is Co-payment? Co-payment refers to the amount of claim that should be borne by the insured during the settlement of a claim. The co-payment amount depends on the co-payment clause mentioned in the policy. Irrespective of the claim amount, the insured has to settle their part before the insurance company makes the final payment. […]

Insurance Bill (Amendment) – 2023

Insurance in India was introduced by the establishment of the Oriental Life Insurance Company in Calcutta in the year 1818. The first insurance company was regulated by the British and was according to British laws. In the years following India’s independence, an insurance regulator and Development Authority for India (IRDAI) was set up to manage […]

Have You Considered These Things Before Making a Health Insurance Claim?

The most important part of the insurance utilization process is claim settlement. Claim settlement can be considered as the last stage in the process and is the core stage for which the policy is taken. Health insurance claim settlement arises once the patient is hospitalized due to an accident, disease, or illness. Health insurance claim […]

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 […]

Comparing Group Health Insurance Plans: How to Choose the Right One for Your Business

Group health insurance is a customized policy that can be designed per the insured customer’s needs and requirements. Still, the offerings vary from one insurance company to another. For instance, one insurance company might cover the robotic treatments, whereas the others might have it under exclusions. The basic covers such as sum insured, in-patient/out-patient/daycare hospitalization […]

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 […]

Group Health Insurance vs. Individual Health Insurance: What’s the Difference and Which is Best for Your Business?

Businesses would often be confused when deciding the health insurance for their employees. It would be difficult to decide whether to go with group health insurance or individual health insurance. Group health insurance has certain benefits, such as customization of policy, one policy for all, no sub-limits, no co-payments, no restriction on the number of […]

The Hidden Benefits of Personal Health Insurance

Customers should explore many hidden benefits in personal health insurance plans to avail of benefits during the policy period. These benefits would be hidden in plain sight for the customers, and most would not pay heed to these benefits in the first instance. Insurance intermediaries would also not explain these benefits to the customer while […]

The Impact of Group Health Insurance on Employee Wellness and Productivity

Group health insurance increases employee wellness and productivity to a certain extent while keeping the other factors constant. Employee productivity cannot be measured directly as it involves many factors contributing to an employee’s productivity. These factors could be organizational culture, perks and salary benefits, job role, team cohesion, reporting supervisor, and employee benefits such as […]

What to do After a Car Accident? A Guide to Filing a Vehicle Insurance Claim

Accidents in India: As per the Ministry of Road Transport and Highways, every year, approximately 1.5 lakh people die on Indian roads, with an average of 47 accidents and 18 deaths every hour. There could be many reasons for road accidents, such as high speed, improper roads, drunk driving, etc. In all these cases, there […]

Personal Health Insurance vs Employer-Sponsored: Which is Right for You?

Personal Health Insurance The personal health insurance policy, which is also referred to as retail health insurance or individual health insurance, pays for medical expenses of an insured client because of an accident, sickness, or illness in excess of the sum insured maximum in exchange of a small fee. The insured customer would completely own […]

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 […]

Understanding the Important Cost Considerations of Personal Health Insurance

Ever wondered how Insurers cost their Persona Health Insurance Products? While many statistics and related sciences are used. Let us Understand Some Factors Behind Deciding Premiums. Age: Age is an important factor in deciding the health insurance premium. All insurance corporations base their top rate calculations on the age of the eldest member within the […]

5 Common Mistakes to Avoid When Buying Vehicle Insurance

Vehicle insurance compensates the financial loss incurred by the insured due to an unforeseen incident causing damage to the vehicle and third-party liability, which includes bodily injury and property damage to third parties due to the insured vehicle. Motor insurance comes in two parts. The first part covers the insured’s liability towards bodily injury and […]

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 […]

How to Choose the Right Personal Health Insurance Plan for You?

Tips to Choose the Right Personal Health Insurance Plan Personal Health Insurance Plans are those in which the insured pays the premium to cover their financial expenses in case of any hospitalization. It is essential to choose the right personal health insurance plan as it would be difficult to change the health insurance policy every […]