Top Indian Insurance Industry News & Updates - 05 May 2023,Friday

🗎 Life Insurance

📝  LIC launches Group post retirement medical benefit scheme
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🗎 General Insurance

📝  Chola MS to re-enter crop insurance; eyes 5% share among multi-line firms
📝  Motor Insurance: Pay lower premium if you drive less
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🗎 Health Insurance

📝  Moove partners with Reliance General Insurance to offer health insurance plan to customers
📝  Common reasons why term insurance claims get rejected
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🗎 Pension Funds/PF

📝  Higher Pension under EPS: Employees need not fork out additional 1.16% contribution
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🗎 Mutual Funds / AMCs

📝  Groww completes acquisition of Indiabulls’ mutual fund business
📝  Equity MFs turn cautious in April, offload stocks as FPIs start buying
📝  MFs attract 85 lakh new millennials in FY19-23
📝  Domestic funds turn sellers in April amid renewed buying by FPIs
📝  Sebi considering performance-linked incentives for mutual funds
📝  Mutual funds making voices heard loud and clear at companies
📝  Value fund category lost 3.38% in Jan-March quarter; Quant Value Fund lost 8.73%
📝  IT or technology funds lost 8.26% in 1 year, but SIPs in them gave 14-20% in five years
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Private equity investor Actis eyes Patel Infra's four roads
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🗎 Govt Securities / Bonds

📝  Govt expects T-bill yields to ease after 10-year falls below 7%
📝  Bondholders asked to return equity shares in Reliance General to administrator
📝  PFC plans bond issues to raise Rs 6,000 crore
📝  Adani Transmission plans to buy back $100m bonds
📝  RBI moots steps to boost credit for Green Energy
📝  Premium on green bonds in FY24 key to future issuances
📝  RBI announces 6.97% interest rate on Floating Rate Bond 2024
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