Top Indian Insurance Industry News & Updates - 22 Aug 2023,Tuesday

🗎 Life Insurance

📝  Tata AIA introduces Pro-Fit plan offering worldwide medical coverage and more. Details here
📝  Financial emergency? Get a loan against your life insurance policy
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🗎 Health Insurance

📝  PSU insurers review plans of captive health TPA
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🗎 Pension Funds/PF

📝  FinMin invites applications for the post of Whole Time Member (law) in PFRDA
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🗎 Mutual Funds / AMCs

📝  Mutual Fund Investment: Meet the top equity SIP performer. And the winner is…
📝  ICICI Prudential Value Discovery Fund completes 19 years
📝  Mahindra Manulife Mutual Fund launches Mahindra Manulife Business Cycle Fund
📝  Focus on diversified funds with 5-7 years timeframe, says Anthony Heredia
📝  Nippon India, IPru MF's EPFO play gets going; move to help shore up AUM
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  12 equity schemes offer more than 15% in both three, five years
📝   FPIs' investment value in Indian equities gains 20% to USD 626 bn in June quarter
📝  FIIs continue selling spree, offload ₹1,901 crore in Indian equities on global headwinds; DIIs invest ₹626 crore
📝  Sharp rise in remittances for equity purchases, gifts under LRS in June
📝  Global bankers join AIFs amid investors chasing high yields
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🗎 Govt Securities / Bonds

📝  Power Grid eyes up to Rs 1,900 crore via bond sale
📝  FPIs trim government bond holdings on rising global rate concerns
📝  ICRA Analytics, Bloomberg tie up for domestic bond valuation data
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