Middle Class People Should Watch| Health Insurance in India by Mr. Bhanu Gurram Telugu Podcast Ep-48

Welcome to another exciting episode of #RawTalks! 🎙️ This time, we dive deep into the intricate world of insurance with Mr. Bhanu Harish, Co-Founder at Ditto Insurance & Finshots. Whether you're a seasoned investor or just getting started, this episode is packed with invaluable insights that will empower you to make informed financial decisions.

With Ditto - Insurance made easy
Spam-free Insurance with Ditto -https://bit.ly/4d5JMzh

Apply for Advisory Role at Ditto [English + Telugu] - https://bit.ly/441ys31

In this episode, we explore how Ditto Insurance secured funding from Zerodha’s Nikhil Kamath despite not having substantial revenue or a fully developed product. Bhanu Harish shares his experience and provides a glimpse into the world of startup funding and strategic partnerships, making this a must-watch for aspiring entrepreneurs and fintech enthusiasts.

We delve into the meticulous process of claims investigation, especially after unexpected deaths. Bhanu explains how insurance companies verify claims and detect fraudulent activities, shedding light on the challenges faced by insurers in ensuring genuine claims are honored.

Hospital frauds are a significant concern in the insurance industry. Our discussion uncovers the rampant frauds in hospitals involving fake admissions and inflated medical bills. We discuss the impact of these fraudulent activities on both insurance providers and policyholders, highlighting the need for vigilance and robust investigation processes.

Can celebrities insure specific body parts? We explore the fascinating world of body part insurance, discussing examples like Ronaldo's legs, Sania Mirza's hands, Jennifer Lopez's buttocks, and the voices of Amitabh Bachchan and Lata Mangeshkar. This segment provides an interesting perspective on how high-value individuals protect their most valuable assets.

Natural calamities and acts of God can have devastating effects. We discuss the possibility of claiming insurance for such events, referencing popular movies like Gopala Gopala and OMG. Additionally, we explore the intricacies of vehicle insurance claims during natural disasters like floods, providing clarity on what is covered and what isn't.

The insurance industry often faces negative perceptions. We address common misconceptions about insurance agents and why they sometimes have a bad reputatio.

Simplifying insurance for teenagers, we explain the basics in layman's terms and highlight why it is crucial for financial security. We also tackle the question of whether smart investors who save a lot should still consider taking insurance.

We also discuss the various types of fraud in the insurance industry, including cases involving murders, fake death certificates, and more.

Health insurance is another critical topic. We discuss how health insurance works, what companies check during the application process, the concept of waiting periods, and the circumstances under which health issues might lead to denial of coverage.

The episode also touches on insurance for movie sets, using examples from big productions like Bahubali and Robot 2. Bhanu explains how insurance protects these high-budget films from unforeseen events and losses.

Finally, Bhanu shares the story behind Finshots and Ditto, including how he met Nikhil Kamath and the unique business model of Ditto Insurance. We discuss their no-target, no-spam-call approach and their strategies for hiring insurance advisors.
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#telugupodcast #businesspodcast #rawtalks
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What We Discussed -

00:00 - Introduction
03:13 - How the business started?
04:08 - Simplifying Stock Market for beginners
07:00 - Meeting Zerodha founder - Nithin Kamath
14:38 - Why & How Ditto?
18:15 - Is Insurance Important?
23:50 - Insurance Scams in India
27:41 - Misinterpretations in Insurance Policy
33:23 - Waiting Periods in Insurance
38:15 - Insurance Claim Frauds
40:53 - Things you should know, while buying Insurance Policy
43:49 - Bahubali Set Insurance!
48:12 - What is Insurance & Why is it Important in Telugu
50:34 - Smart Investing (Stock, Mutual Funds, etc) Vs Insurance
51:31 - Basics of Term Insurance & Life Insurance
56:37 - Actress Sridevi’s Death Mystery
59:51 - Body parts Insurance
01:02:51 - Gopala Gopala/ OMG movie
01:05:50 - Can we trust Insurance Agents?
01:10:53 - How is Nithin Kamath as an Investor?
01:15:28 - Why not build from the same company?
01:21:48 - How is the "No-Target" process working?
01:31:10 - Points to note while buying an Insurance
01:38:50 - Can we change Policies later?
01:40:24 - Advice for Finance business
01:41:45 - Inspiration & Takeaways
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