LIC plans to launch assured return product to increase market share

Life Insurance Corp of India (LIC), the nation's biggest insurer and capital-markets investor, would raise the share of policies benefiting investors by nearly 50% and introduce a product that provides nearly 10% of the sum assured every year post the policy term to policyholders, its chairman Siddhartha Mohanty told Shilpy Sinha and MC Govardhana Rangan. Separately, with its 'DIVE' digital programme, LIC is seeking to close the gap with private peers and extend its reach in rural India, Mohanty said.

Rs 50,000 deposit insurance cover sought for credit cooperatives
 

Nippon Life AIF to raise Rs 1,000 cr for private credit

Mumbai: Nippon Life India Asset Management has joined the likes of Centrum and Avendus to capitalise on the demand for private credit amid the tightening of norms by regulated entities such as banks and mutual funds pulling out of promoter funding.

Product mix, distribution strategies to help regain market share: LIC chief
Life Insurance Corporation (LIC) of India has adopted a three-pronged strategy to boost premium income growth. SIDDHARTHA MOHANTY, chairman, LIC, discusses a range of issues from product launches to the digital transformation journey that it has embarked upon, in an interview with Manojit Saha and Aathira Varier.

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How to manage health emergencies without breaking your bank
Often there are situations in life when it becomes difficult to arrange funds and we need to take decisions that can make or break our financial health. Financial emergency is one such situation when the possibility is very high to lose out a large chunk of your savings paying medical bills. The Covid-19 like health crisis can completely wipe out all our savings.

Not disclosing pre-existing health conditions main reason for claim rejection
Insurers commonly reject claims due to the non-disclosure of existing health conditions, reported TOI.

Sebi board likely to discuss regulation of realty platforms, 'delisting' changes

Mumbai: The board of the Securities and Exchange Board of India is likely to discuss proposals to regulate investment platforms offering fractional ownership of real estate assets and to change delisting rules when it meets on November 25, said two people with direct knowledge of the matter. The capital markets regulator wants to allow companies to go private at a fixed price.

Private sector’s default on PF dues has risen by almost 10% in last 5 yrs, says EPFO's draft report

The private sector’s default on provident fund deposits with the Employees' Provident Fund Organisation (EPFO) has risen by almost 10% over the last five years, resulting in arrears of more than Rs 15,000 crore for the retirement fund body in 2022-23.

40:40:20 allocation balances both risk and reward: Rahul Singh of Tata Mutual Fund

The year is drawing to a close and the stock market is at the crossroads. On one side uncertainties are looming, but on the other unbridled optimism is driving investors' confidence. ETMutualFunds spoke to Rahul Singh, CIO - Equities, Tata Mutual Fund, to make sense of what is happening in the market. "When we enter a year it is always interesting and challenging. I have not seen any year where we are entering in January and we say that markets will give 20-25%. Every year we enter with the same emotion," says Singh, who was in Delhi recently. "What we have to do is to see what makes sense, how do we change our portfolio, how do we remain sensible in that scenario," he adds.

Edited interview.

How can you reduce portfolio overlap in mutual funds?

Many investors buy multiple equity schemes without the knowledge of significant potential portfolio overlaps, largely negating the diversification intent. While it is not possible to eliminate overlaps completely, there are ways and means to reduce their likelihood and reach the diversification goal.

US yields slip, despite data, as market sees rate cuts next year
Treasury yields pared early losses on Wednesday after rather strong initial jobless claims data unsettled a market that expects the Federal Reserve to start cutting interest rates around June next year as the U.S. economy slows.

$6-billion influx! Flows to Indian bonds set for highest in 6 years ahead of global index inclusion
Foreign inflows to Indian bonds this year are poised to reach the highest since 2017, as investors lap up local debt before the nation’s entry into global indexes.

Likely entry into Bloomberg index fuels bond volatility

Mumbai: Speculation over the possible inclusion of Indian government securities on Bloomberg's global bond index has imparted volatility to the domestic debt market, causing the 10-year benchmark yield to swing close to a tenth of a percentage point.