Beshak, Vikhroli West (2026)

27/08/2026

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What happens to life insurance policies after five years? The numbers may surprise you!

This infographic compares the 61st-month persistency ratio of life insurers for FY 2024–25 based on the number of policies.

The persistency ratio tells us how many policies continue to remain in force after a specific period. In the case of the 61st-month persistency ratio, it tells us how many policies are still active after five years.

The numbers are quite striking. Across insurers, around ~60% of policies remained in force after five years. But does a lower persistency ratio automatically mean that the insurer is not good?

Not really. A lower persistency ratio does not necessarily mean that an insurer is performing poorly. The ratio tells us how many policies continued, but not why they were continued or stopped.

There are broadly two types of factors that can influence the persistency ratio.
👉 Some may be potentially linked to the insurer, product or distributor, such as mis-selling, unsuitable recommendations, etc.
👉 Some may be due to customer-specific or external factors, such as job loss, immediate liquidity needs, changing financial goals, returns that did not meet expectations, financial crisis, finding a better alternative, or unintentional lapses (e.g., missed premium payments or auto-debit failures).

The persistency ratio is also generally an insurer-level aggregate. It is not necessarily specific to a particular product, distribution channel or customer segment. Two insurers may have different persistency ratios because their product mix, customer profiles and sales channels differ. Persistency combines all these outcomes into one number.

So, you should not judge an insurer based solely on its persistency ratio. Evaluate its claims track record using key metrics: claim speed, claim complaints, claim settlement ratio based on claim amount, etc.; customer service: responsiveness on X and toll-free channels, policy complaints, and feedback/reviews from past policyholders.

[life insurance, persistency ratio, 61st month persistency, life insurers, life insurance India, insurance, term insurance]

25/08/2026

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ICICI Lombard Elevate vs Niva Bupa ReAssure 3.0 (Black): What are the key differences?
The differences between two health insurance plans can go beyond their headline features. This comparison looks at key USPs, Core Product Benefits, Claims Experience and Premium to help you understand what you are actually getting with each plan.

Starting with the Unique Selling Points (USPs), both plans offer an Unlimited sum insured option. Freeze your age feature, also known as lock the clock or premium freeze, allows you to pay premium as per your entry age, until a specific event occurs. Niva bupa offers this as an inbuilt feature facilitating to pay entry-age premium till the first claim is paid, while ICICI Lombard Elevate does not. It depends on the terms and conditions of the plan.

For Core Product Benefits, Niva Bupa ReAssure 3.0 (Black) has no room rent limit, while ICICI Lombard Elevate covers a Single Private AC Room by default, with an option to upgrade to ‘Any Room’ through the relevant add-on. Both plans cover all daycare treatments up to the Sum Insured, while Niva Bupa ReAssure 3.0 (Black) specifically covers treatments involving 2 or more hours up to the Sum Insured. Both the plans cover organ donor expenses and modern treatments up to the Sum Insured.

There is a notable difference in consumables or non-medical item coverage. ICICI Lombard Elevate covers 68 non-medical items with the relevant add-on, while Niva Bupa ReAssure 3.0 (Black) covers 146 non-medical items through an add-on.

Based on FY 2025–26 data, both insurers delivered broadly similar claims performance across key metrics shown in the table. This includes claim settlement speed, claim complaints and claim rejection ratio, giving you a broader view of how the two insurers compare on claims experience rather than relying on a single metric.

This comparison only gives you an insight into the differences between the two plans. Ultimately, the right health insurance plan depends on your needs, profile and budget.

[ICICI Lombard Elevate, Niva Bupa ReAssure 3.0 Black, health insurance comparison, health insurance plans]

24/08/2026

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Don’t buy health insurance just for today. Buy it for your future. 🏥

Medical inflation is rising, and porting or increasing your cover later may not be easy.

Take adequate health insurance cover while you’re healthy. Tomorrow might be too late.

Want guidance from Yash directly? Book a free consultation on Beshak.
👉 https://www.beshak.org/advisor/yash-bhanushali-28np0gknz/

[HealthInsurance, HealthInsuranceIndia, MedicalInflation, InsuranceAwareness, HealthCover, InsurancePlanning, Beshak]

24/08/2026

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Insurance policies are complex. What you understand from a word may not be what the insurer means.

Always check the definitions & terms.

Want guidance from Yash directly? Book a free consultation on Beshak.
👉 https://www.beshak.org/advisor/yash-bhanushali-28np0gknz/

[HealthInsurance, InsuranceAwareness, PolicyTerms, HealthInsuranceIndia, Beshak]

24/08/2026

Comment “Expert” to get full podcast link in your DM’s.

Insurance may be easy to compare, but the real test begins at the time of a claim.

Because when a claim gets complicated, having the right support can make all the difference.

Want guidance from Yash directly? Book a free consultation on Beshak.
👉 https://www.beshak.org/advisor/yash-bhanushali-28np0gknz/

[Health Insurance, Term Insurance, Insurance Claims, Claims Support, Insurance Advisor, Health Insurance Claims]

23/08/2026

He has helped pass 400 to 500 insurance claims every year. 🤍

In this episode of The Insurance Insider, Yash Bhanushali, second-generation wealth advisor at Real Wealth, joins Beshak to share real claim stories most people never hear.

→ Why agents and advisors are not the same thing
→ How a clerical error nearly got a genuine claim rejected
→ A ₹1 lakh claim rejected over a blacklisted hospital, and how it got resolved
→ What to ask before you buy your next policy

Insurance rarely fails because of fraud. It fails because of mismatched expectations and mis-selling.

Want guidance from Yash directly? Book a free consultation on Beshak.
👉 https://www.beshak.org/advisor/yash-bhanushali-28np0gknz/

[insurance claims, claim rejection, health insurance india, term insurance, insurance advisor, yash bhanushali, beshak insurance, mahavir chopra, insurance podcast, the insurance insider]

14/08/2026

Heavy monsoons? Your car insurance may need more than a comprehensive policy. 🌧️

Does your car insurance cover flood-related engine damage?

[Car Insurance, Engine Protection Cover, Monsoon, Flood Damage, Motor Insurance, Water Ingress]

13/08/2026

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How many claim-related complaints do general and health insurers receive in the financial year 2025-26? 📊

When you buy health insurance, you expect claims to be handled smoothly. Claim-related complaints can provide an indication of customers' experiences during the claims process. This infographic shows recent performance of the general and health insurance companies with respect to the claim complaints per 10,000 claims registered.

The data shows a significant variation in claim complaint levels across insurers. Some insurers recorded relatively lower claim complaints, while others reported considerably higher levels. However, claim complaints are only one metric and should not be used solely to judge an insurer. A claim complaint doesn't tell you the whole story. Before choosing an insurer, look at all the key metrics together, including, Claim Rejection Ratio (CRR), speed of claim settlement, Incurred Claim Ratio (ICR) and Claim Settlement Ratio (CSR).

Quick heads up:
1. The 7 names highlighted separately: Aditya Birla Health, Care Health, ManipalCigna, Niva Bupa, Star Health, Narayana Health and Galaxy are Standalone Health Insurance Companies (SAHI), focusing only on health-related products.
2. The rest are general insurance companies which offer a broad portfolio covering non-life segments like motor, health, travel, home, and commercial lines.

Disclaimer: This content is for educational purposes only and the data is from publicly available information, compiled and analysed by ILM Research.

[Health Insurance, Insurance Claims, Claim Complaints, Claim Complaint Ratio, Health Insurance India, Insurance Awareness, IRDAI, ILM Research, Insurance Tips, Medical Claims, Health Insurance Claims, Insurance Comparison, Non-Life Insurance, Insurance Data, Claim Processing, Smart Insurance, Financial Planning, Personal Finance India, Insurance Education, Beshak]

13/08/2026

Comment “Help” and we’ll help you find the right plan.
How many claim-related complaints do general and health insurers receive in the financial year 2025-26?

When you buy health insurance, you expect claims to be handled smoothly. Claim-related complaints can provide an indication of customers' experiences during the claims process. This infographic shows recent performance of the general and health insurance companies with respect to the claim complaints per 10,000 claims registered.

The data shows a significant variation in claim complaint levels across insurers. Some insurers recorded relatively lower claim complaints, while others reported considerably higher levels. However, claim complaints are only one metric and should not be used solely to judge an insurer. A claim complaint doesn't tell you the whole story. Before choosing an insurer, look at all the key metrics together, including, Claim Rejection Ratio (CRR), speed of claim settlement, Incurred Claim Ratio (ICR) and Claim Settlement Ratio (CSR).

Quick heads up:
1. The 7 names highlighted separately: Aditya Birla Health, Care Health, ManipalCigna, Niva Bupa, Star Health, Narayana Health and Galaxy are Standalone Health Insurance Companies (SAHI), focusing only on health-related products.
2.The rest are general insurance companies which offer a broad portfolio covering non-life segments like motor, health, travel, home, and commercial lines.

Disclaimer: This content is for educational purposes only and the data is from publicly available information, compiled and analysed by ILM Research.

[Health Insurance, Insurance Claims, Claim Complaints, Claim Complaint Ratio, Health Insurance India, Insurance Awareness, IRDAI, ILM Research, Insurance Tips, Medical Claims, Health Insurance Claims, Insurance Comparison, Non-Life Insurance, Insurance Data, Claim Processing, Smart Insurance, Financial Planning, Personal Finance India, Insurance Education, Beshak]

13/08/2026

Comment “Help” and we’ll help you find the right plan.
How many claim-related complaints do general and health insurers receive in the financial year 2025-26? 📊

When you buy health insurance, you expect claims to be handled smoothly. Claim-related complaints can provide an indication of customers' experiences during the claims process. This infographic shows recent performance of the general and health insurance companies with respect to the claim complaints per 10,000 claims registered.

The data shows a significant variation in claim complaint levels across insurers. Some insurers recorded relatively lower claim complaints, while others reported considerably higher levels. However, claim complaints are only one metric and should not be used solely to judge an insurer. A claim complaint doesn't tell you the whole story. Before choosing an insurer, look at all the key metrics together, including, Claim Rejection Ratio (CRR), speed of claim settlement, Incurred Claim Ratio (ICR) and Claim Settlement Ratio (CSR).

Quick heads up:
1. The 7 names highlighted separately: Aditya Birla Health, Care Health, ManipalCigna, Niva Bupa, Star Health, Narayana Health and Galaxy are Standalone Health Insurance Companies (SAHI), focusing only on health-related products.
2. The rest are general insurance companies which offer a broad portfolio covering non-life segments like motor, health, travel, home, and commercial lines.

Disclaimer: This content is for educational purposes only and the data is from publicly available information, compiled and analysed by ILM Research.

[Health Insurance, Insurance Claims, Claim Complaints, Claim Complaint Ratio, Health Insurance India, Insurance Awareness, IRDAI, ILM Research, Insurance Tips, Medical Claims, Health Insurance Claims, Insurance Comparison, Non-Life Insurance, Insurance Data, Claim Processing, Smart Insurance, Financial Planning, Personal Finance India, Insurance Education, Beshak]

Beshak

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