Top Indian Insurance Industry News & Updates - 24 May 2023,Wednesday

🏭 Industry

📝  Irdai to hold open house for insurtech, fintech on 15th of every month
📝  Changes in the works to make roads surety bonds lucrative: Nitin Gadkari
📝  Gallagher Insurance & Almond Solutions Collaborate for Embedded Insurance on Channelverse
📝  IRDAI pushing to onboard Health Exchange, Bima Sugam by Aug 1
📝  Zurich insurance company DIFC transforms biz operations with TCS BaNCS
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🗎 Life Insurance

📝  Life insurers rejig sales to beat tax on high-value policies
📝  Your money: Upgrade your life insurance plans as you grow older
📝  Consumer Commission directs Reliance Life Insurance to pay ₹60 lakh with interest to widow of policyholder
📝  Keen to provide indemnity health insurance if law allows: Tata AIA
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🗎 General Insurance

📝  SBI General unveils 'Surety Bond Bima' for infrastructure projects
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🗎 Mutual Funds / AMCs

📝  Kotak Mutual Fund launches Nifty 200 Momentum 30 Index Fund
📝  Additional liquidity can be positive for near-term banking liquidity, favourable for rates: Axis MF
📝  Expect rate cut in next 1 year; 10-year bond yields to start rallying: Devang Shah, Axis MF
📝  UTI Mutual Fund launches UTI S&P BSE Housing Index Fund
📝  Share of passive plans in MF pie zooms to 16.5%
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🗎 Equities, Pvt. Equity / Hedge Funds

📝  Carlyle to buy over 20% in Quest Global
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🗎 Govt Securities / Bonds

📝  India optimism soars as bond yields hit yearly low; 4 ways it impacts market, economy & sectors
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