Proposer meaning in insurance, whether it’s life or health insurance is quite simple to understand. The proposer is the person who applies for the insurance policy and provides the details on which the insurer assesses the proposal.

In many cases, the proposer and the life assured are the same person, but that’s not always the case. A husband can be a proposer for his wife’s insurance policy or a parent can be proposer for their child’s policy.

GST on term insurance premiums has been reduced from 18% to 0% by the Indian Government. This crucial reformation of the Goods and Services Tax (GST) has been effective from 22nd September 2025.

With this new reform, term insurance for individuals has become more accessible due to lower premiums. Individuals looking for pure financial protection for their families can now get complete coverage within their budget.

Insurance works on a foundation of essential principles that ensure fairness, transparency, and trust between insurers and policyholders. These principles guide how policies are designed, claims are assessed, and risks are shared.

Understanding them helps individuals make informed decisions and avoid common misunderstandings. Let us break down the core ideas behind insurance in a simple, practical way, using real-life examples to make each concept easy to grasp.

The premium paying term (PPT) determines how long a policyholder should pay the premium for an insurance coverage. There are several factors which affect the premium paying term and its outcomes. In this, article, we’ll discuss the premium paying term meaning, importance, types, and more.

An insurance claim is a formal request that you raise with your insurer, asking for compensation or policy benefits after the occurrence of an event covered by the policy. Depending on the policy, the policyholder, the insured person, a nominee, or a legal heir may file a claim. Before filing a claim, be familiar with the claim process, types of claims, and common reasons for claim rejection.