Curriculum Insurance in India: A Practical Guide
Insurance in India: A Practical Guide
How insurance works in India - the protection gap, IRDAI's rules, endowment plans vs term cover, claim settlement ratios, cashless health claims, motor third-party cover, bancassurance mis-selling, free-look and portability, the ombudsman, senior citizen cover, GST changes and Bima Sugam.
- India's Insurance Protection Gap How much insurance Indians have compared with other countries, why so many families remain underinsured, and what the protection gap means. 📄 Read-aloud
- How IRDAI Regulates Insurance What the Insurance Regulatory and Development Authority of India does, how the insurance industry opened to private and foreign firms, and recent reforms. 📄 Read-aloud
- Endowment Plans, ULIPs and Term Insurance Why many Indian families buy costly savings-linked life insurance, how it compares with term insurance plus separate investing, and how to decide. 📄 Read-aloud
- Claim Settlement Ratios: What They Tell You How to read insurers' claim settlement ratios and other metrics when choosing a policy, and why disclosure matters for successful claims. 📄 Read-aloud
- Cashless Health Insurance Claims How cashless claims work at network hospitals, IRDAI's 2024 timelines for approvals and discharge, and tips for smoother claims. 📄 Read-aloud
- Motor Insurance and Third-Party Cover Why third-party motor insurance is mandatory in India, what own-damage cover adds, and why so many vehicles on Indian roads are uninsured. 📄 Read-aloud
- Insurance in India: Checkpoint 1 Quick checkpoint - five questions on the protection gap, IRDAI, term vs endowment, claim ratios and cashless claims. 5 questions
- Bancassurance and Mis-Selling How banks sell insurance products to customers, why this has led to mis-selling of unsuitable policies, and how customers can protect themselves. 📄 Read-aloud
- Free-Look Periods and Portability How the free-look period lets you cancel a new policy you don't want, and how health insurance portability lets you switch insurers without losing benefits. 📄 Read-aloud
- When Claims Go Wrong: Complaints and the Ombudsman How to escalate insurance complaints from the insurer to IRDAI's Bima Bharosa system and the free Insurance Ombudsman. 📄 Read-aloud
- Insurance for Senior Citizens The challenges older people face getting health insurance, the 2024 removal of age limits, Ayushman Bharat's extension to everyone over 70, and options for seniors. 📄 Read-aloud
- GST on Insurance Premiums How GST raised the cost of insurance for years, and how the September 2025 reform exempted individual life and health insurance premiums from GST. 📄 Read-aloud
- Bima Sugam and the Future of Insurance How a planned online insurance marketplace and other innovations could make buying and claiming insurance easier, and a recap of the module. 📄 Read-aloud