Top Indian Insurance Industry News & Updates - 04 May 2023,Thursday
🏭 Industry
📝 IRDAI closely monitors insurers' investments, intervenes if needed: Debasish Panda, Chairperson
📝 Irdai proposes revised guidelines for pay to key managerial persons
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🗎 Life Insurance
📝 LIC Policy: Invest Rs 138 per day in this scheme and get up to Rs 23 lakh at maturity
📝 Point Blank. The curious case of frontrunning in LIC
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🗎 General Insurance
📝 How to Recognize if Bike Insurance is Cashless or Not?
📝 HDFC ERGO General Insurance elevates Anuj Tyagi to joint managing director
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🗎 Health Insurance
📝 Temasek set to invest $130 million in Niva Bupa for a minority stake
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🏦 SEBI
📝 Sebi introduces legal identifier system for issuers with listed NCDs, securitised debt, security receipts
📝 Performance-based fee norms soon: Sebi
📝 SEBI should find ultimate beneficial owners of foreign funds invested in the Adani Group, says Congress
📝 SEBI fines Future Corp, Biyani, 13 others
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🗎 Pension Funds/PF
📝 Higher pension option: EPFO adds online facilities to correct application errors
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🗎 Mutual Funds / AMCs
📝 Sebi considering performance-linked incentives for MFs
📝 SEBI plans to incentivise MF distributors getting first-time investors
📝 Retail investors' avg ticket size declines to Rs 68,321 in FY23
📝 ELSS funds posted negative returns in Jan-March quarter; Quant Tax Plan lost 8.72%
📝 Multi cap category lost 4.16% in Jan-March; Quant Active Fund lost 9.94%
📝 MF distributors to earn sops for getting new investors from anywhere
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 Blackstone puts Embassy REIT exit on the backburner for now
📝 FPIs close out record bearish bets on benchmark indices
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🗎 Govt Securities / Bonds
📝 Money market volumes surge 35% in FY23 on strong credit demand
📝 No impact of ESMA move on local bond trading
📝 India 10-year bond yield falls to 1-year-low ahead of Fed rate decision
📝 Bond yields slip to 13-month low
📝 Green finance may touch 6% of GDP
📝 REC lists green bonds of $750 m at GIFT IFSC Stock Exchanges
📝 10-year bond yield crashes to 7% on HDFC Bank mop-up
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