India is fastest growing insurance market in world, expected to grow at 9 per cent: Report
India is the fastest-growing insurance market and is expected to grow by an average of 9% per annum, said a report released on Tuesday.

CCI clears Bharti Group's 49 pc stake buy in Bharti AXA Life Insurance
Fair trade regulator Competition Commission of India (CCI) has cleared Bharti Group's proposed 49 per cent stake purchase in Bharti AXA Life Insurance Co Ltd. Bharti AXA Life Insurance Company Ltd (BALIC) is involved in the business of providing life insurance policies.

Rising Cost of Cancer Care: How Life Insurance Can Alleviate Financial Burden
Cancer is a disease which is challenging to treat due to its complexities for both patients and their family members or dependents. Shockingly, people who suffer from the ailments often end up paying 60% of their medical costs which are out-of-pocket. The financial toll of Cancer goes beyond any realistic numbers; it affects not only a patient’s quality of life but also their ability to receive the best possible treatment.

Life Insurance companies reports 7.64% YoY rise in new business premiums
Source Credit: Aathira Varier, Business Standard

Mumbai: Life Insurance companies reported a 7.64 per cent year-on-year (Y-o-Y) rise in new business premiums (NBPs) in October this year, supported by a healthy growth in premiums of private sector insurers which offset the contraction posted by the state-owned Life Insurance Corporation of India (LIC).

Canara HSBC offers life insurance plan for Karnataka Vikas Grameena Bank customers

The bank has done an insurance business of ₹13 crore during the current fiscal, he said. KVGB has 629 branches in nine districts of Karnataka. Canara HSBC is an insurance company sponsored by Canara Bank and HSBC. Ragavendra Dharwadkar, Regional Head for Canara HSBC Life Insurance Company, said the life insurance plan is thoroughly designed to provide families with unmatched financial stability and security. GAIN offers a guaranteed regular income stream with the flexibility to get the premiums back at the end of the policy term. This policy is available in all the branches of KVGB, he added.

Magma HDI General Insurance develops specialised insurance cover for EV batteries
The Poonawalla Group-owned Magma HDI Insurance is offering electric vehicle owners a ‘Battery Secure Add On’ cover that protects against any damage to the battery.

How Online Development Has Impacted Bike Insurance in India
The digital revolution has significantly transformed various aspects of our lives, from the way we communicate to how we purchase things. In India, one area that has experienced a profound impact from this online revolution is the insurance industry, particularly two wheeler insurance. The traditional process of purchasing and managing bike insurance has evolved with the introduction of online services. In this article, we will delve into how the online revolution has impacted bike insurance in India.

Flying with AIR India? Tata AIG General Insurance is now offering travel cover to passengers
TATA AIG General Insurance Company Limited today said it will offer travel insurance to Air India, for both of its domestic and international travellers. The objective is to enhance Air India passengers’ journeys, thereby allowing them to enjoy their travels, the insurer said. 

Shriram General Insurance Q2 profit jumps over 58 pc to Rs 119 cr; eyes 40 pc growth in gross written premium
Shriram General Insurance on Tuesday reported over 58 per cent jump in net profit at Rs 119 crore in September 2023 quarter and said it aims for a 40 per cent growth in gross written premium in the current fiscal.The insurer had recorded a net profit of Rs 75.96 crore in the July-September quarter of the previous financial year.The company has written a total of 27,34,197 policies during the period, which is 31 per cent higher year on year, Shriram General Insurance said.

Invest in dynamic bond funds, says Pankaj Pathak of Quantum Mutual Fund
Investors with an investment horizon of two to three years and some appetite for intermittent volatility, can continue to hold or add dynamic bond funds to their portfolios, says Pankaj Pathak, Fund Manager - Fixed Income, Quantum Mutual Fund.

Gold funds offer 7.76% in one month; topper offer 11%

Gold funds, the toppers in the one-month performance chart, have offered an average return of around 7.76% in one month, according to the ACE MF database. These funds gave 2.61%, 5.73%, and 19.78% in three months, nine months, and one year respectively. These funds lost around 1.72% in six months. There are around 24 gold schemes available in the market.

Dividend yield funds offer 24.96% in three years; topper offers 33%

Dividend yield funds have offered an average return of around 24.96% in a three year horizon, an analysis of performance showed. Six dividend yield schemes have completed three years in the market. ICICI Prudential Dividend Yield Equity Fund gave the highest return of around 33.69% in the three-year horizon. Templeton India Equity Income Fund, second in the list, offered 27.67% in three years.

Aditya Birla Sun Life Dividend Yield Fund, the oldest scheme in the category, offered 26.30% in three years. The scheme has completed around 20.75 years in the market.

UTI Dividend Yield Fund and Templeton India Equity Income Fund have completed around 18.44 and 17.48 years in the market. UTI Dividend Yield Fund and Templeton India Equity Income Fund gave 21.53% and 27.44% respectively in three years.

3 top MFs account for 50% of ₹51,000 cr inflows in Q2: Study
 

Brookfield India REIT leases over 5.21 lakh sq ft in July-September

Brookfield India Real Estate Trust has leased over 5.21 lakh sq ft office space including 4.63 lakh sq ft of new leasing during the quarter ended September. Of this, the listed Real Estate Investment Trust (REIT) has leased over 3.18 lakh sq ft in its Special Economic Zone (SEZ) assets with 2.20 lakh sq ft of expansion demand from existing occupiers.

SBI raises dollar bond issue size to $1 billion amid fall in US yields

Mumbai: State Bank of India has increased the size of its dollar bond issue to $1 billion from $750 million and is aiming to raise the funds in the first week of December amid a recent decline in US bond yields on hopes of the Federal Reserve calling an end to its monetary tightening cycle.

RIL to raise Rs 20,000 crore via bonds

Mumbai: Mukesh Ambani-owned Reliance Industries plans raising up to ₹20,000 crore in its largest ever domestic bond sale this week, marking the biggest such domestic issuance by a non-BFSI private entity in India where regulators want companies to rely on market instruments to help establish a corporate bond market that reflects the breadth and stature of Asia's No. 3 economy.