Insuright Insurance Broking Pvt Ltd.

  🌍 The Current Global Context In today’s world, with rising geopolitical tensions, the question of war risk coverage in insurance has become increasingly relevant. Conflicts such as Russia–Ukraine , Israel–Iran , or potential flashpoints like India–Pakistan have made businesses, travellers, and even individuals revisit their insurance portfolios. A frequently asked question is: "Does insurance cover war-related losses in India?" Let’s delve into a comprehensive breakdown. Across most types of insurance policies in India , war is a standard exclusion . This includes: Health Insurance Life Insurance Property Insurance Motor Insurance Travel Insurance This exclusion exists because war risk is systemic , unpredictable, and can lead to catastrophic losses that are uninsurable in traditional actuarial frameworks. 🚫 What the Exclusion Clause Typically Looks Like Most policies include wording such as: " Loss or damage...

The crash of Air India AI   171 (Boeing 787‑8) on June   12,   2025 triggered one of the most expensive aviation insurance claims in India’s history: Estimated total claim payout: Approximately close to ₹1,500   crore The estimate exceeded prior projections, which cited claims over ₹1,000   crore . The crash involved hull loss (the cost to replace the aircraft) and substantial liability, including passenger compensation and ground damage. This claim size makes it one of the most expensive in global aviation insurance—and the highest ever recorded for an Indian accident. 📊 1. Profitability Overview: FY2020–24 (From Insurers’ Perspective) Over the past five years, the Indian aviation insurance segment has seen moderate premium growth, controlled losses, and technical profitability. Some highlights: Overall premium booked in FY 24-25 under Aviation Line was Rs. 1097 Cr across all Insurers. New India Assurance : Highest premium do...

  In a fast-evolving health insurance landscape, portability has emerged as a key consumer right. It allows policyholders to switch from one insurer to another without losing continuity benefits like waiting periods for pre-existing conditions. But while this is a powerful option, it can backfire if not executed carefully. We’ve seen individuals switch plans only to face rejected claims, reduced benefits, or policy lapses — all due to common mistakes made during the porting process. Here’s what you should be aware of before porting your health insurance policy: 🚫 Top Mistakes to Avoid When Porting Your Policy 1. Waiting Too Long to Initiate the Port You must request porting 30–45 days before your current policy expires . A last-minute application often results in rejection or loss of cover continuity. Advantage is that even if the new company rejects your proposal, you still have chance to renew your policy with your existing insurance company. 2. Not Disclos...