Top Indian Insurance Industry News & Updates - 18 Nov 2023,Saturday

🏭 Industry

3 life and 2 other insurance majors with potential upside of up to 45%
When it comes to the insurance sector, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. While they all belong to the insurance sector, there is a world of difference between macro and micro factors which impact the bottomline of a life, non life and health insurance player.
 
📝  Complaints against insurance companies rise by 21% in TN and Puducherry
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🗎 Life Insurance

Life Insurance Corp inaugurates stall at 42nd India Int’l Trade Fair
New Delhi: Life Insurance Corporation’s (LIC) stall was inaugurated by Executive Director (Corporate Communications), Aditya Gupta at the 42nd India International Trade Fair on Wednesday. The occasion was also graced by Zonal Manager, Northern Zone, J P S Bajaj and other senior officials. During the 14 day period of the lndia lnternational Trade Fair, in the LIC stall, information regarding various plans of the corporation and Career opportunity for recruitment as agents will be available. Information regarding LIC’s E-services and online services will also be shared. LIC is celebrating its 67th Anniversary this year.
Cheap valuation likely to lend support to LIC amid weak performance
Life Insurance Corporation of India (LIC) reported weak growth through H1FY24 but it witnessed a boost in embedded value (EV) due to equity-market performance. But concerns regarding its stock include loss of market share as it is outpaced by private sector rivals, sticky operating expenses (reduced slightly year-on-year but up in Q2FY24 versus Q1FY24), and high sensitivity of embedded value to equity volatility.
 
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🗎 General Insurance

Shielding your digital assets: How cyber insurance can provide a safety net in the face of growing cyber threats
India, with its rapid digital transformation, has witnessed a significant rise in cyber threats and attacks in recent years. With the increasing digitization of various sectors and the expanding use of technology, individuals and corporations are becoming more exposed to the risks of cybercrimes. 
📝  8.7% Interest, 100% on-road price: Top car loan offers this festive season
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🗎 Health Insurance

Your health insurer may not settle claims in full: Here’s why
When you pay your health insurance premiums regularly and claim cashless settlement or reimbursement as and when you take treatment, you expect to get the entire amount you spend on your hospitalisation bills. However, that may not be the case as insurers clear only a part of claims that you make — by citing a few key clauses in your health insurance policy.
Pollution-related hospitalisations on the rise in Delhi NCR: Why health insurance is your ultimate safeguard
The alarming escalation of pollution levels in Delhi NCR has brought about a grim consequence - a steep surge in emergency hospitalisations. As the air quality index worsens in the region, the adverse health impact on its residents has become undeniable. Not only does this pose a severe threat to people's well-being, but it also burdens them with substantial out-of-pocket expenses. 
1% of sum insured as weekly income for 2 years, coverage for coma, 6 key features you must have in accidental policy

People who survive near-fatal accidents may end up with temporary disabilities that make it impossible for them to rejoin work for a considerably long period. This would mean a loss of income as the options would be to take unpaid leave or quit the job during the rehabilitation period. While they may eventually recover from the physical damage, it becomes difficult to recover from financial damage caused by the loss of income. There is a way for you to blunt the impact of such a situation — build a financial support system using disability coverage. Read on to know the details.
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🏦 SEBI

PAN, KYC norms for securities’ holders eased
 
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🗎 Mutual Funds / AMCs

11 best flexi cap mutual fund schemes with highest returns in past ten years
Given the stock market’s erratic behaviour, numerous investors find themselves bewildered regarding their investment decisions. The ongoing discussion about whether to invest in large-cap, mid-cap, or small-cap sectors has intensified, leading many, particularly those new to investing, to gravitate towards flexi-cap funds. These funds enable investors to allocate their investments across all market capitalization categories.
Investors chase big returns with small cap, mid cap mutual fund bets

Discretion is the better part of valour, recommends the traditional investment playbook. Retail investors, however, seem rather keen to rewrite that template. In the seven months this fiscal year, Indian retail savers have pumped more money into the hottest Dalal Street themes that rank relatively high on the risk-reward matrix. About two-thirds of their investments into mutual funds has gone into top performing mid-cap, small-cap and thematic or sectoral funds, reflecting the recent outperformance of high-beta stocks.
These equity schemes never offered negative returns in last five years

Can equity mutual fund schemes offer positive returns year after year? Can they avoid a negative patch in a year even when the market is bleeding and losing money? ETMutualFunds decided to check the data to find out the answers to these often-asked questions. We were in for a pleasant surprise. Around 10 equity schemes never gave negative returns in any year in the last five years. ETMutualFunds looked at the yearly performance of 180 equity schemes that have been around for the last five years.
50 equity mutual funds offer over 15% in 10 years

Around 50 schemes have offered more than 15% in a 10-year horizon, an analysis of daily rolling returns showed. ETMutualFunds considered daily rolling returns of 143 equity schemes that have completed 10 years of existence in the market.
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🗎 Govt Securities / Bonds

📝  NBFCs likely to see rise in bond mkt borrowing costs
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✈ International News

Treasuries see first weekly outflow since Feb as investors buy stocks
U.S. Treasury funds recorded their first outflow since February in the week to Wednesday, as global investors shed $1 billion of the government bonds and piled into stocks, according to Bank of America and data provider EPFR on Friday. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. U.S. large cap stocks also clocked their largest inflow since February 2022, with $23.7 billion.
10-year Treasury yield briefly hits 2-month low; curve inversion deepens
The steep decline in US Treasury yields since the start of November continued on Friday with those on the benchmark 10-year note briefly falling to the lowest level in 2 months.
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