Top Indian Insurance Industry News & Updates - 26 May 2023,Friday
🏭 Industry
📝 IRDAI working on three-pronged approach to ensure 'insurance for all by 2047'
📝 Irdai to create state insurance plan mirroring SLBCs: Debasish Panda
📝 IRDAI tweaks some pain points in surety bonds, welcomes industry to come up with more suggestions
📝 All-in-one policy plan to spread insurance in India
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🗎 Life Insurance
📝 LIC shares gain as FY23 VNB rises 16.5 per cent, focus on growing non-par
📝 Insurers see fall in death claims as pandemic ebbs
📝 Life insurers see little impact from tax sop removal
📝 Focus on profitable market share: LIC chairman
📝 LIC's shareholding in Bata India increases from 4.497% to 6.532%
📝 Max Life gives highest-ever bonus of ₹1,604 crore for eligible policyholders
📝 Life Insurance Corporation focus on bank channels for policy sale
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🗎 General Insurance
📝 Easing of EoM norms for PMFBY won’t impact AIC much: Chairman
📝 GIC Re’s Q4 net nearly doubles to Rs 3,417 crore
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🗎 Health Insurance
📝 Life insurer Tata AIA looks at health covers
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🏦 SEBI
📝 SEBI’s public shareholding norms have a chequered history: SC panel
📝 Sebi mulls prohibiting differential rights to alternative investment fund investors
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🗎 Mutual Funds / AMCs
📝 FIIs pour $5bn in last 3 months; premium to EM peers near 10-yr average: Sahil Kapoor, Market Strategist & Head -Products, DSP Mutual Fund
📝 Kotak Mutual Fund launches Kotak NIFTY 200 Momentum 30 Index Fund
📝 Next three years are likely to be rewarding for debt fund investors: Pankaj Pathak of Quantum Mutual Fund
📝 Mutual Funds: Reach your target corpus faster with SIP top-up
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🗎 Equities, Pvt. Equity / Hedge Funds
📝 ‘Healthcare investors are writing larger cheques now’
📝 Private equity exit deals drop 29% in FY23
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🗎 Govt Securities / Bonds
📝 FinMin agrees to allow highway contractors to convert bank guarantees into surety bonds, says Gadkari
📝 IIFCL plans to raise up to Rs 2,000 cr via 10-year bonds
📝 Some pain points addressed in surety bonds, more changes possible if need arises: Irdai
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