Indian Insurance Industry News & Updates

Planning your retirement? PGIM India Mutual Fund launches a new fund
Source Credit: Sunainaa Chadha, Business Standard

New Delhi: PGIM India Mutual Fund has launched a new investment option to help people save for their golden years. The PGIM India Retirement Fund is an open-ended scheme with a lock-in period of five years or until retirement age of 60(whichever comes first). This means you can't withdraw your money for at least five years, encouraging you to stay committed to your savings goals.
 

28 March 2024
Pay Rs 20 for Rs 2 lakh cover: What PM Suraksha Bima Scheme is all about
Source Credit: Surbhi Gloria Singh, Business Standard

New Delhi: The Centre has processed and settled 96.55% of claims filed under the PM Suraksha Bima Yojana as of February, disbursing Rs 2,610 crore in total, according to a Finance Ministry official. The scheme, which provides insurance for death or disability due to accidents, has settled approximately 173,000 claims since its launch in May 2015. Currently, it covers 432.9 million people. 

28 March 2024
E-insurance now mandatory for all policyholders: What it means for you

What is e-insurance?

28 March 2024
Nabfid opts for Rs 10,000 cr credit lines over bond issuance to raise money

With signals of easing rates in the next financial year (FY25), the government-owned infrastructure financier wants to avoid long-term fixed rate liability of bonds and debentures.

28 March 2024
LIC, GIC Re, New India continue to be D-SIIs for 2023-24: IRDAI
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has identified three Domestic Systemically Important Insurers (D-Slls) for the year 2023-24. “Life Insurance Corporation of India,  General Insurance Corporation of India and New India Assurance Co Ltd continue to be identified in the 2022-23 list of D-Slls,’‘ the insurance regulator said in a release on Wednesday. 

28 March 2024
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