Fraud cases in India’s public sector banks declined by 79% in number but saw a 58% increase in total value to ₹35,671 crore in FY26, revealing a shift towards more sophisticated scams targeting vulnerable groups. Public sector banks in India…
A detailed analysis shows that standard travel insurance policies often leave gaps in coverage, risking expensive surprises for travellers with medical conditions, adventure plans, or involved in legal issues, underscoring the importance of reading the fine print before departure. Travel…
New rules set to incorporate unused pension funds into inheritance tax from April 2027 are already influencing pension strategies, with retirees drawing funds early and gifting assets to family members to optimise tax outcomes and aid younger relatives. The long-held…
Galaxy Health Insurance has launched Galaxy Fly Global Travel Insurance, targeting Indians travelling abroad for holidays, work, or study, as it diversifies beyond its core health business amid rising outbound travel and demand for comprehensive coverage. Galaxy Health Insurance has…
With rising hospital expenses in cities, households are increasingly turning to super top-up health covers to extend protection beyond basic mediclaim plans, offering a more affordable way to cover long hospital stays and major treatments. Private health cover is becoming…
The Reserve Bank of India’s proposed draft lending regulations aim to speed up the pass-through of interest rate changes across financial institutions, though concerns remain over reduced pricing flexibility for non-banking finance companies and mortgage lenders. The Reserve Bank of…
As autumn prompts motorists to review their auto policies, insurers are recalculating premiums based on claims history, vehicle changes, and market conditions, urging drivers to reassess coverage, deductibles, and discounts before winter arrives. Fall is a sensible time for motorists…
A comprehensive approach to retirement readiness highlights the importance of cash flow forecasts, proper estate organisation, and thoughtful housing choices, signalling a shift from traditional saving milestones. Retirement readiness is less about reaching a magic number than about matching income,…
Bajaj General Insurance introduces ProShield, a specialised motor policy for defence personnel, as part of its expanding range of innovative, usage-linked insurance solutions in the evolving automotive market. Bajaj General Insurance has introduced ProShield, a packaged motor policy aimed at…
The Indian government has reiterated its stance against increasing the minimum pension from ₹1,000 to ₹7,500 under EPS-95, prompting protests from retired workers demanding better support amid rising living costs. A renewed push to lift the minimum pension under the…
