Category: Finance

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 comparing the best health insurance company in India plans, take a little time to ask these questions before adding a critical illness benefit. The answers can help you understand whether the advantages fit your present cover, family responsibilities, and long-term budget.

These questions are meant to make your review clearer before you speak to the insurer, advisor, or service team. Read the policy wording along with the answers you receive.

1. Which Diseases are Included?
   Do not go by the term “critical illness” alone. Read the exact list of problems covered under the ease. The policy wording will matter more than the product summary.
2. How Is The Benefit Paid?
   Some pros may work differently from normal claims. Understand whether the payout is fixed, reimbursement-based, or handled in another way as mentioned in the policy document.
3. Does My Current Health Plan Already Offer Similar Protection?
   Before adding anything, look at your existing family medical insurance plans. If there is already an illness-related feature, understand whether the new benefit adds real value or repeats the same purpose.
4. When Does the Help Become Active?
   Waiting periods can apply to critical illness advantages. Ask when the advantage can actually be used and read the related clause carefully.
5. Is There a Survival Period Clause?
   Some family plans may mention a survival period after diagnosis. This must be understood clearly, as it may affect how the help is assessed.
6. Who in the Family Can Be Covered?
   If your plan covers more than one person, check whether the advantage applies to every insured member or only to selected members. This is important when reviewing family medical plans.
7. Will Existing Health Details Be Reviewed?
   Insurers may review medical history while adding the pros. Share past issues, ongoing medication, previous treatment, and other requested details correctly.
8. How Much Will the Premium Change?
   A critical illness advantage may increase the payable premium. Do not look only at whether you can pay it today. Think about whether you can continue it during renewals.
9. What Papers Will Be Needed During A Claim?
   Ask about the documents needed for claim assessment. These may include diagnosis papers, medical records, hospital documents, and reports, depending on the plan process.
10. How Will The Claim Be Checked?
    Understand the basis on which a claim will be reviewed. It might depend on the problem definition, diagnosis, medical records, and conditions mentioned in the policy wording.
11. Can The Benefit Continue At Renewal?
    A benefit that suits you now should also be reviewed for continuity. Ask whether it can be renewed with the main policy and what terms might apply later.
12. Does It Fit My Family’s Financial Responsibilities?
    Think about your dependants, income stability, and household commitments. A benefit should serve a clear purpose in your wider health and financial planning.
13. Should I Add It to My Plan or Buy a Separate Cover?
    An add-on may suit one policyholder, while a separate critical illness cover might suit another. Compare both carefully before deciding.
14. How Should I Choose the Insurer?
    When searching for the best health insurance company in India for your needs, treat the word “best” as personal to your requirements. Review service access, claim support, policy clarity, hospital network, and renewal process.
15. Have I Read the Policy Wording Properly?
    This is the final and most important question. A brochure can help you understand the broad idea, but the policy wording explains the actual benefit, limits, terms, and claim process.

Conclusion

Adding a critical illness benefit should be a considered decision, not an automatic upgrade. It might be useful when it matches your health profile, needs, and budget, but it should be understood before being added.

Read your existing policy first. Then compare the disease list, payment structure, waiting period, claim process, renewal terms, and premium impact. If you are reviewing your medical insurance plans, check how the benefit applies to each insured member. A clear decision today can make your health coverage easier for your parents to understand and manage later.

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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 key area is the Customer Information Sheet, which is meant to explain important policy features in one place. This can make it easier for policyholders to review the type of insurance, sum insured, coverage, waiting periods, deductibles, sub-limits, policy renewal, portability, migration, and grievance process before relying only on short sales material.

For policyholders, this means the buying process should not stop at premium comparison. You should read the policy wording and the information sheet carefully so that you know how the cover works.

More Attention to Cashless Treatment Experience

Cashless treatment is an important part of health insurance planning, especially during hospitalization.

The IRDAI master circular places focus on improving cashless claim settlement, digital pre-authorization, and hospital-level support for policyholders. It also expects insurers to build processes that reduce avoidable inconvenience during treatment and discharge.

As a customer, you should check the insurer’s network hospitals, understand the cashless process, and keep your policy details available for your family. This becomes even more important if you have a health plan along with critical illness insurance, as serious medical conditions may require quick hospital coordination, timely documentation, and clear claim communication.

Better Continuity During Renewal

Renewal clarity matters because a health insurance policy is most useful when it continues without unnecessary disruption.

The regulatory framework says renewal should not be denied only because the policyholder made a claim in an earlier policy period. It also restricts fresh underwriting at renewal unless the policyholder asks for an increase in sum insured, in which case underwriting may apply only to the increased portion.

For you, this makes renewal review more important. Check your policy before the due date, pay within the allowed time, and review whether the cover still matches your family’s needs.

Greater Transparency Around Claims

Claim handling is another area where the latest regulatory direction brings more structure.

The master circular mentions that if a claim is repudiated or partly disallowed, the claimant should be informed with reference to the specific policy terms.

It also states that insurers and third-party administrators should collect required documents from hospitals after claim intimation, reducing the document burden on the policyholder in such situations.

This does not remove your responsibility to keep medical papers safe. It simply means you should understand the process, preserve hospital documents, and communicate with the insurer as required.

What It Means for Premium Planning

A clearer policy framework does not mean every policy will have the same premium. Premiums may still vary based on age, health details, cover amount, plan type, add-ons, and underwriting terms. A health insurance premium calculator can be useful at the planning stage because it gives an estimated view of how different choices may affect the payable premium.

However, the calculator should not be the only deciding tool. Review the policy benefits, exclusions summary, waiting periods, co-payment terms, renewal terms, and hospital access before selecting a plan.

Why Critical Illness Insurance Needs Careful Review

Critical illness insurance should be reviewed separately from regular hospitalization cover.

Such policies or riders may work differently from indemnity-based health plans. They may provide benefits based on listed illnesses, diagnostic conditions, and policy wording. This is why you should read the benefit structure, covered conditions, waiting periods, survival conditions, if applicable, and claim process before choosing this type of cover.

For families with financial dependents, a critical illness-focused review can add another layer to health planning, depending on income, savings, medical history, and long-term responsibilities.

Final Thoughts

The latest IRDAI guidelines point towards clearer communication, better service processes, and stronger policyholder awareness in health insurance. For Indian customers, the main takeaway is simple: do not buy or renew a policy only by looking at the premium.

Use a health insurance premium calculator for planning, but read the policy documents before deciding. If you are considering critical illness insurance, review its terms separately. A well-understood policy can make health insurance more useful when your family needs it.

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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. 

Car Value Reduces Every Year

As a car gets older, its market value usually moves down. This change matters because the value selected in the policy can affect certain claim situations, as mentioned in the policy wording.

A lower value may reduce the premium, but it can also lower the amount considered in some claims. A higher value may increase the premium, but it should still match the car’s condition. When owners buy car insurance online or renew an existing policy, they should review the car’s age, usage, service record, and general condition before selecting the value.

Repair Costs Increase with Age

Older cars may need more repair work because parts and systems can wear down over time. Even a regularly serviced vehicle may need extra attention as it ages.

During renewal, owners should look at how useful the cover will be if the car needs repair after an insured event. The policy should be reviewed for garage access, claim process, repair support and own-damage cover. A car used daily may need a different plan from one used occasionally.

Some Add-Ons No Longer Make Financial Sense

Add-ons can be useful when they match the vehicle’s age and use. However, the same add-ons may not remain suitable throughout the car’s life.

Some add-ons may cost more than the value they offer for an older car. Others may not be available after a certain vehicle age, depending on insurer guidelines and policy terms. Owners should keep only the add-ons that support a clear need and avoid renewing extras only because they were selected earlier.

Breakdown Assistance Becomes More Important

An older car may be more likely to face sudden trouble during travel, especially if it is used often or taken on longer routes. This makes breakdown assistance worth reviewing at renewal.

This feature may support towing, minor on-road help or service coordination, based on the policy terms. Before adding it, owners should read the conditions carefully. Service location, usage limits, and available support should match the way the car is normally driven.

IDV Needs Careful Review

IDV means Insured Declared Value. It is the value considered by the insurer in certain situations, based on the policy terms.

For older cars, IDV should not be treated only as a way to reduce premiums. Setting it too low may affect the amount considered in relevant claim situations. A fair IDV should reflect the car’s age, condition, and current value. Owners should compare the suggested value with the car’s actual state before renewal.

Policy Terms Can Change for Older Vehicles

Insurance terms can differ as a vehicle gets older. These changes may relate to cover, add-ons, inspection, or claim conditions. Reading the renewal details before payment can prevent confusion later. The following checks can make the review simpler:

• Confirm whether own-damage cover is available for the car.
• Review add-on eligibility before selecting any extra cover.
• Check whether an inspection is needed before renewal.
• Compare garage access with your regular travel areas.
• Read deductible and claim-related conditions carefully.
• Ensure third party insurance remains active as required by law.

Continuing the Same Policy Can Increase Costs

Renewing the same policy without review may lead to paying for cover that no longer suits the car. Older vehicles need a fresh look at every renewal. Convenience is useful, but renewal should still be checked against current needs. A simple review can support a more suitable decision:

• Match the premium with the vehicle’s present value.
• Remove add-ons that no longer serve a clear need.
• Adjust IDV only after checking the car’s condition.
• Compare the cover type with the car’s daily usage.

Conclusion

Older-car insurance renewal should focus on value, use, and repair needs together. Repeating last year’s policy or reducing the premium without review may not suit the vehicle’s current condition. Owners should review IDV, add-ons, breakdown support, garage access, and policy terms before renewing. A clear renewal check can make the policy more suitable for the car’s present stage and reduce renewal-related doubts at a later stage during future policy checks.

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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 imports. Gold, unlike crude or machinery, does not fuel factories or transport goods, yet it takes up a meaningful share of foreign exchange when demand spikes. 

Why Imports Matter More Than They Seem

If you look closely at India’s import-export data, one pattern stands out: gold regularly remains among the country’s major import items. This matters because India consumes far more gold than it produces. 

• Domestic demand often leans on overseas supply. So when imports swell, dollars move out. The connection may not feel obvious to an average buyer comparing necklaces in a showroom, but at the national level, repeated spikes in gold imports can widen pressure on the current account and indirectly influence currency stability.
• That is also why the import of gold in India is often discussed in policy circles with unusual seriousness. Governments do not see gold only as a luxury purchase; they see it as a drain on foreign exchange when buying habits tilt too heavily toward fresh imports. 
• Add the import duty on gold on top of it, and the picture becomes even more layered. Duty is used partly to moderate demand and protect the external balance, but higher duties can also make legal imports more expensive for consumers. The result is a market where buyers still want value, but they start looking for smarter ways to access it.

The Quiet Rise Of Exchange-Led Buying

More families are beginning to view old jewellery not as dead locker stock, but as usable value. A chain that is broken or a piece bought years ago and rarely worn can become the starting point for a new purchase. 

• Gold Exchange reduces the need to buy entirely fresh gold. At a country level, if that mindset widens across millions of households, it can soften the relentless dependence on new supply that drives gold import in India.
• The idea is simple, but trust is what decides whether people actually exchange. For years, many buyers hesitated because they were unsure how their old jewellery would be valued. Questions around purity, melting loss, hidden deductions, or inconsistent pricing kept them cautious. 
• If exchange feels confusing, people go back to buying new things. If it feels fair and visible, the same customer becomes more comfortable recycling existing gold jewellery within the market instead of adding to demand for imported supply.

What Makes Exchange Feel Worth It

A good exchange experience is not about flashy promises; it is about clarity. People want to know how much their ornament weighs, how purity is checked, whether stones are separated properly, and whether deductions are being made quietly in the background. They also want assurance that jewellery bought elsewhere will not be undervalued just because it came from another store. When those basics are handled well, exchange stops feeling like a compromise and starts feeling like a financially sensible decision.

This is where Tanishq has managed to set a strong benchmark without needing to make the process confusing. 

• The exchange happens transparently, with testing, weighing, and melting done in front of the customer’s eyes rather than behind closed doors. 
• Old jewellery from other jewellers is also accepted, even in cases where the original bill is unavailable, which removes a common barrier for many households. 
• More importantly, the valuation process is designed to feel visible and understandable, especially with the gold selling rate being the same as the exchange rate. In a category where suspicion can easily creep in, that kind of openness changes the tone of the entire transaction[1].

A Smarter Answer For Buyers And The Economy

There is a wider lesson here. The debate around the gold import duty in India in 2026 will probably continue, because policymakers will always have to balance consumer demand, revenue, and external stability. But duty alone cannot reshape behaviour. What changes behaviour is convenience backed by trust. If more consumers choose exchange over fresh purchase wherever possible, the pressure created by repeated import surges can ease at least at the margin. 

For the customer, the logic is even more immediate. Exchange lets old value re-enter use instead of sitting idle. For the market, it encourages recycling over unnecessary fresh demand. The most sensible future may not be one where Indians buy less gold, but one where they buy more thoughtfully. 

Disclaimer: This press release is for informational purposes only and does not constitute financial advice.

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 claim. It confirms that the person driving the car was allowed to use that vehicle type.

A claim can become difficult if the driver did not hold a valid and effective licence when the incident happened. This may include an expired licence, a suspended licence, or a licence that does not match the vehicle category.

Driving While Impaired or under Restricted Substances

The driver’s condition at the time of an accident is an important part of claim review. The person driving the car must be legally fit to drive and should remain in proper control of the vehicle.

If the driver is found to be under the influence of any intoxicating, banned, or restricted substance, the insurer may treat it as a breach of policy terms. In such cases, the claim may be rejected because the vehicle was being driven when the driver was not in a fit condition.

Delay in Informing the Insurance Company

After an accident, theft, or major damage, the insurer should be informed as early as possible. Early reporting helps with inspection, records, and repair guidance. If the claim is reported late without a clear reason, the insurer may require more details.

Delay can make inspection, repair review, and document checks harder. To avoid confusion, inform the insurance company as soon as possible after the incident and do not begin major repairs before inspection or before the insurer gives guidance.

Using the Vehicle for Unauthorised Purposes

A private car policy is generally issued based on declared use. When the vehicle is used beyond that purpose, the claim may come under scrutiny. If a car insured for personal use is used for hire, reward, commercial carriage, racing, speed testing, or any activity not permitted under the policy, the insurer may treat it as unauthorised use.

Policyholders should read the usage clause carefully, especially when the vehicle is used outside routine personal travel. If the intended use changes, inform the insurer and update the policy.

Modifications Not Declared to the Insurer

Changes made to a car can affect its value, safety, performance, or risk level. That is why important modifications should be shared with the insurer. Modifications may relate to the engine, fuel system, body, seating, electrical fittings, security equipment, or other vehicle parts.

If these changes are not declared, the insurer may review whether the policy record was accurate at the time of loss. Before making a major change, check whether it needs approval or policy endorsement. Clear disclosure keeps policy details updated.

Additional Situations That May Lead to Claim Rejection

Some claim concerns arise from documents, policy status, repair actions, or incomplete information. These points are usually checked along with the main policy clauses.

• An expired policy at the time of the incident can create problems during claim review.
• Incorrect or incomplete details in the claim form may lead to further checks.
• Repairs started before the insurer’s inspection, which can make damage assessment difficult.
• A mismatch between incident details and available records can raise questions.
• Missing documents may slow down or affect claim processing.
• Vehicle use beyond registration or permit terms can lead to policy-related concerns.
• Lack of cooperation during inspection, survey, or verification may affect the final review.

Conclusion

A motor claim is easier to manage when the policyholder follows the policy conditions from the beginning. Keep the licence valid, use the car only as declared, inform the insurer quickly, and disclose important vehicle changes in writing. Each claim is reviewed based on the policy wording, documents, and incident details. Reading the policy before a loss occurs can help you act correctly and reduce avoidable concerns during claim review.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

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 Securities Limited is among the companies focusing on strengthening operational governance, KYC/AML compliance frameworks, underwriting controls, and customer-first lending processes in line with evolving RBI digital lending guidelines.

The company has been working towards streamlining onboarding systems, improving turnaround time for loan approvals, and enhancing internal compliance and risk monitoring mechanisms while maintaining a strong focus on responsible lending practices.

According to VVN Lakshmi Kumari Akula, transparency and compliance are becoming central pillars for sustainable growth in the financial services sector.

“Transparency in lending builds trust—clear terms, fair pricing, and no hidden charges are essential for responsible and sustainable financial relationships,” she said.

She further added that the digital lending ecosystem must balance innovation with strong governance, customer awareness, and ethical financial practices.

With growing adoption of AI-driven underwriting, fraud detection systems, and automated onboarding processes, NBFCs are increasingly leveraging technology to improve operational efficiency and customer experience while strengthening regulatory compliance standards.

The sector is also seeing increased emphasis on financial inclusion through responsible credit access for underserved and new-to-credit borrowers, especially through digitally enabled lending platforms.

Industry stakeholders believe that institutions that successfully combine technology, compliance, customer protection, and transparent communication will be best positioned to scale sustainably in India’s evolving financial ecosystem.

About Vaishali Securities Limited

Vaishali Securities Limited is an RBI-registered NBFC engaged in digital lending and credit services, focused on responsible lending, regulatory compliance, customer protection, and technology-driven financial solutions across India.

https://www.vaishalisecuritiesltd.com/

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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 by Kotak Life, are designed with compounding, discipline, and duration at their core. When aligned correctly, they help savings retain and often increase their real value over time.

Why inflation is more damaging than it appears

Inflation works incrementally. A few percentage points annually may not feel threatening, yet over 10–20 years, its impact becomes profound. What costs ₹10 lakh today could require significantly more in the future, especially for goals like education, healthcare, or post‑retirement living.

The problem is not simply inflation itself, but savings strategies that fail to outpace it. Parking money in instruments that focus solely on capital protection often results in negative real returns once inflation and taxes are accounted for. Over time, this gap translates into compromised goals. This is why long‑term planning increasingly emphasises compounding rather than accumulation alone.

Compounding: the real engine behind wealth preservation

Compounding is often explained as “interest on interest,” but its true power lies in time consistency. The longer money remains invested and allowed to grow without interruption, the more disproportionate the gains become in later years.

For compounding to work effectively, three conditions must be present:

• Adequate duration
• Reinvestment of returns
• Disciplined continuity

Structured savings plans are built around these principles. They formalise long‑term commitment, reduce impulsive withdrawals, and align contributions with future goals.

Providers like Kotak Life frequently emphasise this planning discipline because compounding rewards patience far more than timing.

The inflation challenge intensifies closer to retirement

Inflation risk does not disappear with age; it accelerates in relevance. As individuals approach retirement, earning capacity declines while healthcare and living costs rise. Savings that fail to compound sufficiently in earlier decades force uncomfortable trade‑offs later.

This is why planners increasingly integrate long‑term savings with retirement plans early on, rather than treating retirement as a standalone phase. The goal is continuity: allowing compounding to work uninterrupted across life stages, not restarting strategies every decade.

Kotak Life’s approach to savings and retirement planning reflects this philosophy, emphasising aligned timelines rather than fragmented solutions.

Why starting early matters more than earning more

A common misconception is that higher income alone can offset inflation. In reality, time beats income when it comes to compounding. Starting earlier reduces the pressure to chase returns later and lowers dependency on aggressive strategies closer to critical milestones.

For young professionals and parents alike, early adoption of structured savings creates optionality. It allows investors to absorb volatility calmly, knowing compounding has time on its side. Late starts, by contrast, force savers to compress timelines, often resulting in higher risk or unmet goals.

Conclusion

The greatest enemy of compounding is interruption. Each withdrawal, pause, or strategy reset weakens long‑term outcomes. This is why savings plans built for long durations are as much behavioural tools as financial ones.

By locking in commitment and removing frequent decision points, they reduce the temptation to react to short‑term noise. Over decades, this behavioural advantage often matters more than marginal differences in returns. This discipline‑first view underpins how Kotak Life frames its long‑term savings offerings, focusing on sustainability over short‑term optimisation.

Frequently Asked Questions

1. Why is inflation such a serious risk for long‑term savers?
Because inflation compounds quietly. Over long periods, even moderate inflation can significantly reduce purchasing power if savings do not grow faster than it.

2. How does compounding help protect savings from inflation?
Compounding allows returns to generate further returns over time. The longer money compounds uninterrupted, the more likely it is to outpace inflation.

3. Are traditional savings instruments insufficient for inflation protection?
They can be insufficient for long‑term goals. While useful for stability or short‑term needs, many traditional instruments struggle to deliver positive real returns over decades.

4. Why do structured savings plans work better for long horizons?
They enforce discipline, maintain continuity, and align contributions with defined future outcomes, which are the conditions necessary for compounding to work effectively.

5. When should one ideally start focusing on inflation‑adjusted savings?
As early as possible. Time is the most valuable input in compounding, and early starts dramatically reduce long‑term pressure.

6. How do savings plans integrate with retirement planning?
They form the accumulation backbone, allowing compounding to work well before retirement begins. This reduces reliance on last‑minute catch‑up strategies within retirement plans.

7. Does the choice of provider matter for long‑term savings?
Yes. Long‑duration saving requires consistency, transparency, and reliability. This is why institutions like Kotak Life are often considered in long‑term financial planning discussions.

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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 investment in technology integration, expansion of financial services, and significant improvement in the speed and ease of banking operations.

“These results belong to every customer & Shareholder of the bank who trusted us with their savings, every shareholder who believed in our vision, every board member who guided us, and every employee who gave their best every single day. I thank each one of them with all my heart,” says Mr Tanveer Inamdar, Chairman, MBank.

Today, MBank serves multiple generations of the same families, a testament to trust that goes beyond transactions. Combined with modern digital infrastructure and a customer-first approach, the bank has successfully bridged the gap between legacy banking and the expectations of a new generation.

About MBank

MBank, The Muslim Co-operative Bank Ltd., is a Pune-headquartered co-operative bank offering digital banking, loans, deposits and financial services. Established in 1931, the bank focuses on accessible, technology-driven and community-centric banking solutions for individuals and businesses across Maharashtra.

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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 to lock premium at the entry age until a claim is made
• Smart Tenure enables customers to pool their total sum insured across the policy tenure and use it flexibly, even from the first year

Built on the solid foundation of its existing MHCP offering, MHCP EDGE+ combines core hospitalisation coverage with a wide suite of optional riders, enabling customers to tailor their policy based on evolving healthcare needs, life stage, and affordability. The plan offers sum insured options ranging from INR 5 Lakhs up to INR 5 Crores, along with unlimited reinstatement of the sum insured within a policy year, ensuring continued protection even in case of multiple claims. The base plan provides comprehensive coverage for hospitalisation expenses including room rent, ICU charges, surgeries, modern treatment methods, AYUSH therapies, and pre and post hospitalisation costs. It also covers day care procedures, domiciliary hospitalisation, organ donor expenses, and emergency ambulance services, offering holistic financial protection during medical contingencies.

A key differentiator of MHCP EDGE+ is its modular structure, which allows customers to enhance their coverage through a range of add-ons and riders. These include Consumables Plus to minimise non-payable expenses at the time of discharge, Super Cumulative Bonus for accelerated growth of the sum insured, and Major Illness and Accident Multiplier benefits for higher protection during critical events. The product also offers global coverage options for both emergency and planned treatments abroad, catering to customers with international healthcare needs.

In addition, MHCP EDGE+ introduces features focused on long-term affordability and future readiness. The Age Shield rider enables customers to lock their premium at entry age until a claim is made, while Smart Tenure allows customers to combine their sum insured across the full policy tenure, giving them access to a larger overall coverage amount that can be used as needed, even in the early years of the policy. Customers can opt for Global Cover, which provides access to both planned and emergency treatments abroad, expanding care beyond India. The Health Limitless rider further enhances protection by offering one claim without any annual sum insured limit during the policy lifetime. The plan further extends into wellness and preventive care through optional offerings such as the Health Prime rider, which includes teleconsultations, in clinic consultations, diagnostic support, preventive health check-ups, and lifestyle and fitness related services.

Speaking on the announcement, Dr. Tapan Singhel, MD & CEO, Bajaj General Insurance, said,
“Health insurance is steadily moving from a product mindset to a solution mindset, where the focus is not just on covering hospitalisation, but on how effectively we support customers across their entire healthcare journey. With MHCP EDGE+, we have built a plan that responds to some of the most relevant gaps customers experience today, be it rising medical costs, non-payable expenses, or the need for higher and more adaptable coverage.

What is equally important is giving customers the flexibility to shape their protection as their needs evolve, without making the product complex. Through a modular approach, we are enabling wider choices, better control, and access to quality care, including advanced and global treatment options. As an industry, our role is to make health insurance more relevant, transparent, and aligned to real life needs, and this offering is a step in that direction.”

Available for both individual and family floater options, MHCP EDGE+ offers lifetime renewability, policy tenures of up to five years, and coverage starting from as early as 3 months of age. The product also provides flexible waiting period options, a range of discount structures, and wellness linked benefits, positioning it as a flexible and future ready solution for customers seeking health insurance that can adapt to their evolving needs.

About Bajaj General Insurance

Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited) is one of India’s leading, most trusted and dynamic private general insurance companies. It is a subsidiary of Bajaj Finserv Limited, India’s leading and most diversified financial services group.

Bajaj General offers a broad portfolio of innovative and customer-focused insurance solutions, spanning motor, health, and home insurance, along with specialised products such as pet insurance, wedding insurance, event protection, cyber insurance, and rural insurance. From safeguarding your health and home to protecting your travels and life’s most important moments, Bajaj General aims to be a constant partner in your journey. Bajaj General equally offers a comprehensive and a well-diversified range of products, including fire, marine, engineering, liability and surety insurance to corporates and SMEs. The company also participates in various government schemes with a focus on financial inclusion. The company is also known for its robust risk selection capabilities, digital adoption and product innovation.

Established in 2001, the company has grown its footprint to nearly 1,500 towns and cities across India, ensuring easy access and a close connection to its customers. This access is enabled through the largest distribution network, spanning across individual agents, point-of-sales personnel, banks, NBFCs, motor dealers, brokers and the company’s proprietary sales force.

It holds an [ICRA]AAA rating from ICRA Limited, reflecting the highest level of confidence in its financial strength and stability. With a strong legacy, a forward-looking mindset, and an unwavering focus on its ‘Customer-First’ philosophy, Bajaj General remains committed to protecting what matters most, empowering individuals, families, and businesses to live with confidence and peace of mind.

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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 a conventional scooter or motorbike, the discussion often centres on own damage, third-party liability, and a few familiar add-ons. When the vehicle is electric, the nature of the questions changes. Riders want to know how battery damage is treated, what happens if a charging incident leads to a fire, or whether an electrical fault is covered in the same way as a typical accident. Many of them are also comfortable using digital journeys and may choose to compare and buy new bike insurance online, which makes clear, well-structured written guidance even more important.

Why are Electric Vehicles Favoured?

Electric scooters and bikes differ from petrol models in more than one way. 

• The battery pack stands out, but there are also controllers, power cables, chargers, and various electronic modules that react differently to heat, moisture, and impact. 
• If riders are not familiar with how these components behave, they may misjudge certain risks or find it difficult to understand specific policy clauses.
• This is the space where EV risk education adds value. Simple information on safe charging practices, storage conditions, and precautions during extreme weather can help reduce incidents. 
• It also makes it easier to explain why some situations fall within cover, and others do not, always subject to the wording of the policy and the insurer’s evaluation of the claim. 
• Once people see the connection between their daily behaviour, the type of risk involved, and the coverage they have chosen, they can make more considered decisions about electric bike insurance and feel more prepared at the time of purchase or renewal.

From Features to Clear Explanations

Insurance documents tend to use technical language and defined terms. For electric vehicles, additional expressions appear around battery health, temperature limits, charging cycles, and electrical safety. Listing these terms is not always enough. Riders benefit when insurers translate them into simple, everyday explanations.

Several themes come up repeatedly and usually deserve space in customer communication:

• How standing water, heavy rain or flooding can affect batteries and electronics
• Why non-approved chargers, cables or alterations can increase the chance of damage
• The difference between a manufacturing defect, gradual wear and a sudden accidental event
• How modifications and retrofitting may influence eligibility for particular covers

When such points are explained without unnecessary jargon, it becomes easier for riders to connect policy wording with real situations they might face.

Building Confidence and Trust

For many riders, electric vehicles are still relatively new. Occasional news reports about fire incidents, sudden failures, or charging problems can create doubt. Clear, steady education about what the policy covers, what it does not cover, and what responsibilities lie with the policyholder can help reduce that uncertainty. Explaining the basic steps for reporting an incident, the documents that are usually requested, and typical timelines for assessment can give riders a better sense of what to expect, even though every claim remains subject to individual review.

Insurers with a strong presence in the market, such as HDFC ERGO, explain their EV-related offerings in a more accessible way. The intent is not simply to describe a product, but to help customers gain a practical understanding of how electric technology works, what types of risks exist, and how an insurance policy may respond across different situations within its defined scope.

Conclusion

When a rider reviews options and eventually buys or renews new bike insurance online for an electric scooter or bike, the decision now reaches beyond simple premium comparison. It involves thinking about the technology under the seat, daily travel patterns, local conditions, and personal comfort with different levels of risk. Careful, ongoing education around these elements helps make insurance feel less like a formality and more like a considered support system for everyday life.

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