Insurance learning centre

Insurance Planning Guides in India

Understand term and health insurance, assess coverage needs, review policy conditions and prepare for claims. Practical guides for Indian families and professionals.

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15 articles on term and health cover, coverage planning, policy conditions and industry news, newest added Sep 25, 2026.

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Why Insurance Comes Before Investing in Your Plan

Why protection comes before wealth building, which risks a family actually carries, and the order in which to cover them.

Insurance 6 min read

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Also read: Creating a Robust Family Risk Plan: Insurance and Protection

Which cover are you working on?

Protect income and dependants Term cover, how it differs from endowment and ULIP policies, and how much life cover a family may need. Life & term insurance Protect medical savings Individual policy or family floater, cover gaps, and the policy wording that decides a claim. Health insurance

How much term cover might your family need?

Estimate cover using income, liabilities and family needs. Review the assumptions before making an insurance decision. A calculator estimate is not a personalised recommendation.

Term Insurance Calculator

Uses your age, income, outstanding loans, future goals and existing savings to estimate a cover amount you can check against the guides.

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Explore insurance topics

Four groups, each with one guide to read first and one or two to go deeper. Policy terms differ by insurer and product, so read the wording before you decide.

Life and term insurance

What term insurance is, how it compares with endowment and ULIP policies, and how to think about the cover amount.

Also read

Estimate your term cover

Health insurance

Choosing between an individual policy and a family floater, and what to do when the base cover is not enough.

Cover, waiting periods and sub-limits differ by insurer and product. The checklist further down lists what to look for in the wording.

Also read

Assessing how much cover you need

Three things set the number: who depends on your income and what they spend, the loans and years of income to replace, and what employer cover already provides.

Employer group cover is tied to the job, so most families treat it as a supplement to personal cover rather than the base.

Open the Term Insurance Calculator

Insurance vs investing

Protection and wealth building are different jobs. These two guides explain why a product that promises both needs a careful look.

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Investments & Wealth hub

Six things to check in any health policy

Claims are decided by the policy wording, not the brochure. Before you buy or renew, find these six items in the document and note what they say.

  1. Waiting periods

    • Initial waiting period after purchase
    • Pre-existing disease waiting period
    • Waiting periods for specific treatments

  2. Exclusions

    • Permanent exclusions listed in the wording
    • Treatments covered only after a waiting period
    • Non-medical items and consumables

  3. Room rent and treatment sub-limits

    • Room rent cap or room category
    • Caps on specific procedures
    • Proportionate deduction when a cap is exceeded

  4. Co-pay and deductibles

    • Fixed co-pay percentage, if any
    • Co-pay linked to age or city
    • Deductible on top-up and super top-up plans

  5. Network hospitals and claim process

    • Cashless network near where you live
    • Reimbursement procedure and timelines
    • Documents the insurer asks for

  6. Renewal and portability

    • Lifetime renewability
    • No-claim bonus and how it is restored
    • Portability conditions if you switch insurers

Where these are written

  • Policy schedule
  • Policy wording
  • Customer information sheet
  • Insurer network hospital list

This list is a reading aid, not a judgement of any policy. Terms differ by insurer and product, and the policy wording prevails.

Family Floater vs Individual Health Insurance walks through the main trade-offs with examples.

Insurance news and regulations

Industry and regulatory developments, newest first. A proposal stays a proposal here until a rule is actually notified.

All insurance articles

Every article in the Insurance category, newest first. Search by title or summary, or filter by topic. Page 1 of 2.

  1. News & rules 13 min read IRDAI Insurance Reforms 2026: Proposed Commission Caps Explore IRDAI’s proposed insurance commission caps, existing payouts and sales reforms, and what they could mean for premiums and policyholders.
  2. News & rules 10 min read Bancassurance in India FY26: Banks Earn ₹20,000 Crore and the Risks That Come With It Indian banks earned over ₹20,000 crore distributing insurance in FY26. HDFC Bank led at ₹6,927 crore. RBI's new mis-selling rules kick in from January 2027.
  3. News & rules 10 min read Life Insurance Surrenders Now Exceed Maturity Payouts in FY26 Surrenders made up 38.3% of life insurance payouts in FY26, ahead of maturity benefits at 36.9%.
  4. News & rules 12 min read Open Architecture in Insurance: What India's 2025 Reform Actually Changed India's 2025 insurance law passed by Parliament didn't extend open architecture to individual agents.
  5. Life & term 7 min read Term vs Endowment vs ULIP: What Should You Really Choose? Compare Term Insurance, Endowment, and ULIP in a clear, unbiased way. Understand costs, cover, returns, and why separating protection and investing works best.
  6. Health 8 min read Family Floater vs Individual Health Insurance: Which Is Better? Compare family floater vs individual health insurance in India - costs, coverage, pros & cons, and when to choose each. Simple guide for professionals.
  7. Coverage 6 min read Why Insurance Comes Before Investing in Your Plan Protect income and cashflows first. See why term and health insurance form the base of a solid financial plan in India - then invest with confidence.
  8. Life & term 6 min read What Is Term Insurance? Meaning, Benefits & How It Works Understand what term insurance means, how it works, key benefits, and why every professional needs it. Explained in simple terms for beginners.
  9. Insurance tax 12 min read Section 80D for Parents & Senior Citizens (FY 2025–26): Limits, Medical Expenditure & Examples How to claim Section 80D for parents and senior citizens in FY 2025–26 - limits, medical expenditure without insurance, preventive check-ups, old vs new…
  10. News & rules 3 min read Life Insurance: Searching for the Next Big Trend in 2026 and Beyond Discover how India's life insurance industry is evolving post-New Tax Regime (NTR).
  11. Health 3 min read Beyond Mediclaim: How to Create Extra Medical Funds in India Health insurance isn’t enough! Learn how to build extra medical funds through emergency planning, tax breaks, insurance riders, and top-up plans.
  12. Insurance tax 3 min read Section 80D Deduction FY 2025–26: Limits, Parents, Old vs New Section 80D explained - FY 2025–26 limits, parents & senior rules, preventive check-ups, CGHS, and new vs old regime. Includes AY 2025–26 ITR details.

Want to review your family's protection needs?

Insurance is one part of a financial plan. Explore how Finnovate assesses goals, income, liabilities and risk protection together. The guides on this page are educational; Finnovate does not sell insurance policies or handle claims.

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  • An insurance adequacy check as part of a coordinated financial plan
  • Term and health cover reviewed alongside goals, loans and income
  • A full written plan with a walkthrough session