finance – THE ECONOMIC INDIA

10 Jun

15 Questions to Ask Before Adding a Critical Illness Benefit to Your Existing Health Plan

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Mumbai (Maharashtra) [India], June 10: A critical illness benefit is not something you must add to a health plan just because it appears useful on paper. It needs a closer look, especially if your family depends on your income or if you are already managing health cover for more than one member. Regular health insurance and critical illness advantages may not work in the same way. One may be linked to hospitalization expenses, while the other may depend on listed illnesses, diagnosis terms, and other policy conditions. This is why a quick premium comparison is not enough. If you are…

09 Jun

What the Latest IRDAI Guidelines Mean for Health Insurance Policyholders in India

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Mumbai (Maharashtra) [India], June 9: Health insurance in India is becoming more policyholder-focused, with greater attention on clarity, continuity, service access, and smoother policy use. For customers, the latest IRDAI framework is not just regulatory information; it can directly influence how they read, buy, renew, and use their health cover. If you already have a health insurance policy or are planning to buy one, these changes make it important to understand your rights, duties, and policy terms before making any decision. A Stronger Focus on Clear Policy Information The recent regulatory direction gives more importance to simple and transparent policy communication. One…

04 Jun

Why Older-Car Owners Need a Different Renewal Strategy

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Mumbai (Maharashtra) [India], June 4: Renewing car insurance for an older vehicle is often treated as a routine task, but the needs of a car can change significantly over time. As a vehicle ages, its market value declines, repair costs may vary, and certain policy features that were once useful may become less relevant. At the same time, older cars can face a higher risk of mechanical issues and wear-related damage, making adequate coverage an important consideration. A careful review before renewal can help ensure that the policy remains suitable, cost-effective, and aligned with the vehicle’s current condition and usage. …

29 May

Gold Imports, Forex Reserves, and India’s Balancing Act

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New Delhi [India], May 29: When people talk about gold in India, the conversation usually stays personal. It is about family savings and the comfort of owning something tangible. But there is a bigger story that runs in the background. Every time demand for imported gold rises, it affects far more than jewellery counters and household budgets. India’s gold import trends also shape how much foreign currency leaves the country, and that has a direct relationship with forex reserves. Forex reserves act like a national financial cushion. They help the country manage external shocks, support the rupee, and pay for essential…

28 May

5 Clauses in Your Car Insurance Policy That Could Void Your Claim

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Mumbai (Maharashtra) [India], May 28: A car insurance policy includes several terms and conditions that may affect the claim process in different situations. Missing details related to driving eligibility, vehicle usage, reporting timelines, or policy disclosures can sometimes create complications during claim assessment. Since many policyholders focus mainly on coverage benefits, important clauses may often go unnoticed. This blog highlights five important clauses in a car insurance policy that every car owner should understand for better awareness about policy conditions and claim-related requirements. Driving without a Valid Driving Licence The driver’s licence is one of the most important documents in a motor…

26 May

Compliance-Driven Digital Lending Emerging as Key Growth Strategy for India’s NBFC Sector: VVN Lakshmi Kumari Akula

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New Delhi [India], May 26: India’s digital lending ecosystem is witnessing a major shift towards compliance-led growth, transparent lending practices, and customer-centric financial services as RBI regulations continue to reshape the NBFC landscape. With increasing focus on governance, ethical collections, data privacy, and responsible lending frameworks, NBFCs are prioritizing stronger compliance systems alongside technology-driven expansion to build long-term customer trust and sustainable growth. Industry experts believe that the future of digital lending in India will depend not only on faster credit access and automation, but also on transparent pricing, customer protection, grievance handling mechanisms, and robust risk management practices. Vaishali…

21 May

How to Protect Your Savings from Inflation: The Power of Compounding Explained

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New Delhi [India], May 20: Inflation is one of the most underestimated threats to long‑term wealth. It rarely announces itself dramatically, yet it quietly erodes purchasing power year after year. Many savers realise too late that money which appeared “safe” in absolute terms no longer buys what it once did. Protecting wealth, therefore, is not only about avoiding losses, but it is also about ensuring savings grow faster than inflation over sustained periods. This is precisely where structured savings plans begin to matter. Rather than depending solely on ad‑hoc deposits or short‑term instruments, long‑term savings frameworks, such as those offered…

20 May

Zero NPA. Zero Shortcuts. Zero Compromise. The Best of 96 Years

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Pune (Maharashtra) [India], May 20: MBank, The Muslim Cooperative Bank Ltd., Pune, one of Maharashtra’s most trusted urban cooperative bank, has closed Financial Year 2025-26 with the strongest performance in its 96-year history. This year marks a significant milestone in the bank’s journey of service, trust and growth. FY 2025–26: Key Achievements 0% NPA achieved Crossed INR 700 Crore Deposits for the First Time in 96 Years! Highest Profit in 96 Years Very Strong balance sheet maintained The bank has crossed the ₹1,100 crore total business mark for the first time in its history. This success is the result of consistent…

19 May

Bajaj General Insurance Launches MHCP EDGE Plus, a Flexible, Next-Generation Health Indemnity Plan with Coverage upto INR 5 Crores

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Pune (Maharashtra) [India], May 19: Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India’s leading private general insurers, today announced the launch of ‘My Health Care Plan Edge+’ (MHCP EDGE+), a comprehensive health indemnity solution designed to address rising healthcare costs and reduce out-of-pocket expenses through enhanced flexibility and customisation. Sum insured options from INR 5 Lakhs up to INR 5 Crores Unlimited reinstatement ensuring continued coverage within the policy year Modular design with multiple add-ons and riders for customised protection Coverage for consumables, modern treatments, and global care options Age Shield feature…

19 May

The Emerging Role of EV Risk Education in Two-Wheeler Insurance

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Mumbai (Maharashtra) [India], May 19: Electric two-wheelers are appearing in more neighbourhoods and on more routes, from short office commutes to daily errands. Many riders like the quieter operation, the running cost over time, and the convenience of charging at home or at public points. As this trend grows, insurers are looking beyond the usual policy features and paying closer attention to how clearly riders understand the risks that come with electric vehicles. In that sense, EV risk education is gradually becoming part of the core conversation in two-wheeler insurance, not just a side note. The Change in Preference With…