How to Shout Media
Probus Insurance is one of the Tech Solution Providers that serves as the one point solution for all your insurance related queries and needs. It offers products online/Offline for Indian customers across categories in General & Life Insurance (Health, Car, Life, Travel and Home Insurance).
With over 1200+ insurance plans & 230cr Insurance premium in FY 16-17, customarily from retail clients, and 1,29,799 policies sold, Probus has established a significant performance and growth rate.
To comprehend the company’s strategies, views and to get a glimpse of their journey so far, we had an interaction with Mr Rakesh Goyal – Director, Probus Insurance Brokers Pvt. Ltd.
ET Health World
“Looking at the life cycle of a human being, if one doesn’t review the life insurance cover at various stages of life, one might find themselves under-insured, which could pose a challenge to their family when they are not around,” says Rakesh Goyal, director, Probus Insurance Brokers.
Several doubts and questions about insurance now a days are common and everyone requires a one point solution for all general and life insurance related queries. To keep all your worries away Probus Insurance is one of the leading Tech Solution Provider that serves
Health Insurance remains one of the under penetrated segments in India with only 25-30% of Indians having health insurance. However, like in every other field, technology is likely to play integral part even in Insurance sector. Even insurance regulator is batting for the use of wearable devices for life insurance and health insurance policies which can provide a regular stream of data about the policy holder.
The word ‘uncertainty’ is probably the best way to define my journey of starting my venture. When people ask me what the one thing is that inspired me or drove me to start this company, I answer with absolute conviction, “Don’t overthink things, just go with the flow and see where life takes you.”
Money Today Magazine
The products discussed here are relatively new and likely to improve as more data, use cases and customer feedback pour in. We may see sublimits increase or get removed altogether, or premiums may go down as more companies and consumers enter the domestic market. But even now, one cannot afford to ignore the risks. “Whoever deals in this online world will need the cybercover sooner than later. I would recommend it to every adult as most of the transactions are now done online,” says Rakesh Goyal, Director at Mumbai-based Probus Insurance.
The sector is also witnessing the rise of the new-age brokerage firms like Probus Insurance, which are digitally active and offering comprehensive product comparisons. “An insurer will only display its own quotations, but Probus draws data from a number of companies and displays tailor-made solutions in a tabular format, making comparison easier. Moreover, policy benefits are easily visible here, and one can also review different aspects of each policy and compare those to make a wise decision,” says Rakesh Goyal, Director of Probus Insurance Broker.
However, Rakesh Goyal Director of Probus Insurance, an insurance broking firm said, “Individuals do not feel the need for such insurance and, hence, it is not a widely offered product so far.”
Need for cyber insurance
In a recent report, the Internet and Mobile Association of India noted that there are over 500 million internet users in India. “Each one of these users is susceptible to cyber attacks,” pointed out Adidamu, and the number (of net users) will only increase, he stressed. The government’s emphasis on digitisation and increasing popularity of digital payments is also an impetus for cyber insurance products being introduced.
Times of India
In India, the increased medical costs are the biggest concerns among the individuals. Moreover, the kind of lifestyles people prefer nowadays can ultimately lead to several health issues and turnout in augmented expenditure on hospital bills.
Financial Crises are unpredictable and can encounter anyone at any point in time. In such a situation one looks for a financial support through various options. One can need the funds to overcome this financial crisis and the traditional life insurance policy fall short to help as the possibility is quite low to get the funds through this traditional means before the end of tenure. One can think of loan as an alternate option but it might be limited when it comes to the amount of the loan.
The calendar year 2018 would be important year for the growth of motor insurance in India. Two major announcements by the Insurance Regulatory and Development Authority of India (IRDAI), on long term insurance cover and increasing the compulsory personal accident cover (CPA) will have long term benefits to both insurers as well as policyholders.