IRDAI tells insurers to make insurance policies easily understandable via CIS. Details here
The insurance regulator IRDAI (Insurance Regulatory and Development Authority of India) has instructed insurers — via a circular on Oct 30 — to release a revised customer information sheet (CIS). This is aimed to ensure that the customers understand the basic features with regards to policy in simple words.

Hinduja reworking funding plan for RCap after IRDAI’s diktat
Mumbai: The Hinduja Group, which is set to take over Reliance Capital, is reworking its resolution funding plan after the insurance regulator disallowed pledging shares of the insurance subsidiaries to infuse capital. “They were exploring whether the insurance companies’ shares held with RCap can be taken as security and used for funding. IRDAI said pledging is not possible, so they now have to make alternate arrangements,” a source told businessline.

IRDAI to review bancassurance norms, forms taskforce
Hyderabad: The Insurance Regulatory and Development Authority of India (IRDAI) has formed a taskforce to look into various aspects of the bancassurance channel, including mis-selling. 

Insurance companies to provide comprehensive policy feature details from January 1
From January 1, insurance companies must furnish for policyholders essential policy details, such as the sum assured, coverage specifics, exclusions, and claims procedure, in a standardised format to ensure straightforward comprehension of the terms and conditions, PTI reported.

Why banks & agents prefer selling traditional savings insurance products over term insurance
Banks and insurance agents are seen promoting endowment policies over term policies due to the higher commissions offered. Term insurance offers pure life cover without maturity, savings, or investment components, leading to lower premiums and commissions.

Life insurance a sunrise sector poised for lift-off: CEOs at BS BFSI Summit
This sentiment aligns with the Insurance Regulatory and Development Authority of India’s (Irdai’s) goal of achieving 100 per cent insurance coverage in the country by 2047, setting the life insurance industry on a path of rapid growth.
 

Should you buy life insurance and health insurance combo plans? MintGenie explores
Life insurance and health insurance are the two main types of insurance policies. Whole life insurance makes sure that your family members are taken care of after your untimely demise, and health insurance policies pay for your hospitalisation and other related expenses.

Technology can help reach more customers in life insurance sector: LIC MD
In order to create awareness about life insurance, technology has to play an important part, R Doraiswamy, managing director of Life Insurance Corporation (LIC) of India, said.

Taxation changes have impacted the sector: Mahesh Balasubramanian, MD, Kotak Mahindra Life Insurance
Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance, says the changes to tax laws implemented from April 1, 2023, has dented the life insurance industry and this is being represented to the authorities. On the positive side, costs have stabilised which should support growth in the coming quarters.

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SEBI confirms market ban against 22 entities in Sadhna Broadcast stock manipulation case
Market regulator SEBI on Tuesday confirmed the securities market ban on 22 entities in a case related to manipulation of the share price of Sadhna Broadcast by way of uploading misleading videos on YouTube channels.

SEBI should not backtrack on FPI ownership norms
Indian equity markets have been witnessing a correction over the last two months led by foreign portfolio investors selling around ₹38,000 crore of Indian shares in this period. While the selling is partly due to hardening US treasury bond yields and geopolitical problems, some are also pointing to the new SEBI guidelines for FPIs, which will come into force from today, as the trigger for this sell-off. The new rules restrict FPI holding in assets of a single Indian corporate group to 50 per cent and overall investment of each FPI in Indian equity to ₹25,000 crore.

EPFO trustee board meets, discusses progress on higher pension option
New Delhi: The Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO) in its meeting on Tuesday discussed the progress made on the higher pension option for its subscribers so far along with the draft annual report detailing financials of 2022-23.

NFO Review: Should you invest in the newly launched Aditya Birla Sun Life Transportation and Logistics Fund?
The clamour for higher returns has caused many investors to put their money into thematic or sectoral funds. More investors are looking forward to new fund offers (NFOs) launched by mutual fund houses. Take for example the recent launch of the Aditya Birla Sun Life Transportation and Logistics Fund by Aditya Birla Sun Life Mutual Fund that has again caused many investors to ask if the same is worth considering. 

Kotak Alternate Asset Managers’ Iconic Fund raises ₹1,000 crore
Chennai: Kotak Alternate Asset Managers Limited on Tuesday said that its Kotak Iconic Fund has raised ₹1,000 crore. The fund has maintained a flexible approach by adopting diversified active and passive strategies across market capitalisation and tactical allocations.

Anicut Capital receives over Rs 30 crore infusion from HDFC AMC’s Fund of Funds
Anicut Capital, which makes investments through its debt and equity funds, said it has received an investment of over Rs 30 crore from HDFC Asset Management Company’s (AMC) Fund of Funds, with an additional allocation expected in the near future.

27 equity funds offer over 15% in 3, 5, 7, 10 years on lumpsum investments

Most investors dream of pocketing ‘good’ returns from their mutual fund investments in every possible horizon. Like most dreams it just remains a dream. However, thanks to the upward march of the stock market, the dream is reality now. Around 27 equity mutual funds have offered more than 15% in three, five, seven, and 10 year horizons on lumpsum investments, revealed an analysis of performance of around 144 equity mutual fund schemes that have completed 10 years of existence.

BS BFSI Summit 2023: No funding winter in PE investments, say experts
There is no funding winter in private equity (PE) investments in India, industry experts said at the Business Standard's BFSI Insight Summit 2023 in Mumbai on Tuesday.

Surging yields drive Indian corporate bond sales to 5-yr low in Oct
The private placement of bonds by Indian corporates likely hit a five-year low in October as tight liquidity and the central bank's plan of debt sales prompted companies to push back their fundraising goals.

To tap FPIs, govt plans to GIFT wrap masala bond issue

Mumbai: About a decade after the International Finance Corp helped facilitate the initial sale of masala bonds, New Delhi plans to test the waters with an initial bond sale worth around ₹20,000-25,000 crore.

Debut of 50-year India bond lures insurers hungry for yields

Insurers in India are lining up to grab a share of the nation’s debut 50-year bond offering, highlighting the growing heft of long-term investors in the nation’s $1 trillion debt market.