Top Indian Insurance Industry News & Updates - 12 May 2023,Friday
🏭 Industry
📝 Insurer can contend accident never took place, says court
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🗎 Life Insurance
📝 Inside Aegon Life Insurance’s real-time fraud detection roadmap
📝 Nippon Life plans up to $244 million India private credit fund
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🗎 General Insurance
📝 New India Assurance loses tag of Air India’s ‘lead insurer’ to Tata firm
📝 No accident insurance claim if driver is drunk: Consumer commission
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🗎 Health Insurance
📝 Health Insurance: Think before opting for deductible
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🏦 SEBI
📝 SoftBank sells 2% stake in Paytm to meet SEBI takeover rules
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🗎 Pension Funds/PF
📝 PFRDA extends deadline for linking PAN with Aadhaar till June 30
📝 National Pension System (NPS) exit rule changed: Now buy multiple annuities of minimum Rs 5 lakh each
📝 Higher pension: Subscribers, pensioners to get 3 months to give consent for diverting additional dues
📝 NPS rule change: PFRDA allows these investors to buy multiple annuities from the same life insurance company
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🗎 Mutual Funds / AMCs
📝 Equity MF flows, SIPs fall in April despite rebound
📝 MFs equity inflow dip 68% as investors book profit
📝 HNIs preferring FDs over debt mutual funds: Report
📝 Wait for global economic risks to wane before making lumpsum equity investment: Bandhan AMC
📝 LIC MF sees merger with IDBI MF being completed in H1
📝 Stay away from high beta names in the current market scenario: Sandeep Tandon
📝 Mutual funds net inflows at 3-year high of ₹1.21 lakh cr, but why are equity funds taking a hit
📝 What are mutual funds (MFs)? An investment guide for beginners
📝 Around Rs 2,637.94 crore lying unclaimed with mutual funds: Amfi data
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🗎 Govt Securities / Bonds
📝 Nabard raises Rs 4,929 cr via multiple bonds
📝 Overnight rates refuse to fall in line with RBI's rate moves
📝 Bond yields fall as US data hints Fed may pause rate hikes
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