Top Indian Insurance Industry News & Updates - 18 Aug 2023,Friday
🏭 Industry
📝 Employees' State Insurance Corporation adds 2 million subscribers in June
📝 Finfluencers will require registration or licence from SEBI, IRDAI: ASCI
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🗎 Life Insurance
📝 Now, life insurance maturity money will not be fully tax-exempt: CBDT issues new tax rules
📝 HDFC Group launches life insurance, asset management services from GIFT IFSC
📝 Life insurance payouts will be taxable if yearly premium exceeds Rs 5 lakh
📝 Max Life Insurance eyeing double digit growth in new business premium this fiscal
📝 Aditya Birla Sun Life Insurance launches the ABSLI Nishchit Laabh Plan. Details here
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🗎 Health Insurance
📝 Rapido Auto to introduce micro-loans, family health insurance for 5 lakh+ auto captains
📝 ManipalCigna Health Insurance targets ₹1,000 crore biz in South in 2 years
📝 If you are already a cancer patient, will you be denied health coverage?
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Insuretech
📝 InsurTech firm RenewBuy raises $40million in Series D funding round
📝 Banking agents take credit and insurance offerings to last mile
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🏦 SEBI
📝 Sebi extends auction date to August 31 for properties belonging to seven companies
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🗎 Mutual Funds / AMCs
📝 Shriram AMC to launch Shriram Multi-Asset Allocation Fund on Aug 18
📝 Bandhan Mutual Fund launches Bandhan Nifty IT Index Fund
📝 ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Motilal Oswal Alternates to raise Rs 2,000 crore through sixth realty fund
📝 Private equity, venture capital investments falls 5% to $3.9 billion in July: Report
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🗎 Govt Securities / Bonds
📝 JPMorgan index may include India bonds in 2024
📝 Indian bond yields rise tracking US peers; local inflation dents sentiment
📝 Global G-Sec yields reach 15-year highs as rate-hike worries build
📝 India's OIS factors in one more rate hike; bond yields near top - traders
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