Top Indian Insurance Industry News & Updates - 03 Oct 2023,Tuesday

🗎 Life Insurance

How can life insurance enable investors meet financial goals?
In a world filled with endless options, products, it is crucial to select the right tools to build wealth and achieve long-term financial goals. The marketplace offers a multitude of financial products ranging from fixed deposits and postal savings to investing in equities. Amidst the plethora of options, there is one unsung hero quietly revolutionising the realm of long-term savings and financial goal attainment: life insurance.
Read More >>

🗎 General Insurance

Travel Insurance Unveiled: A Comprehensive Guide to Safer Journeys and Peace of Mind
Travelling is one of those things we all look forward to, no matter where we plan to take off. From sandy beaches and snow-covered mountains to hilly greens and bustling cities, the world is our platter, and the very act of travelling is our chance to experience at least one portion of it. However, travelling comes with its own set of uncertainties and risks. That is where travel insurance comes in. It ensures safer journeys and peace of mind.
Why embedded insurance works, Shanai Ghosh
The heightened awareness of risk has led to greater recognition of the need for insurance. It has prompted individuals and businesses to re-evaluate their insurance needs and seek comprehensive coverage that addresses specific risks.
Shriram General to diversify, to increase non-motor insurance biz this fiscal: Official
Shriram General Insurance has planned to diversify its product portfolio by focusing more on the non-motor segments like marine, fire, during the current financial year, a top official said.
📝  Insurance premium likely to undergo price correction, rise by 15-20%
Read More >>

🗎 Health Insurance

Your Health, Your Wallet: Making Informed Choices Using Digital Resources
In today’s world, the cost of healthcare continues to rise leaving many individuals and families grappling with hefty medical bills. For those without extensive financial or insurance literacy, navigating the complex healthcare landscape can be a daunting task. However, the digital age has ushered in a wealth of opportunities for consumers to leverage technology and online resources to make well-informed decisions and save on healthcare costs. Individuals can harness the power of health apps and online resources to seek medical advice, compare prices, reduce out-of-pocket expenses and make better choices as to their requirements.
Read More >>

🏦 SEBI

Sebi extends deadline on market buzz
New Delhi: Capital markets regulator Sebi has extended the deadline for mandatory confirmation or denial of market rumours by listed companies.
 
Read More >>

🗎 Pension Funds/PF

HDFC Pension sets sights on outpacing industry growth in NPS assets
HDFC Pension Management Company Ltd (HDFC Pension), a leading pension fund manager, expects to surpass industry growth in NPS assets this fiscal year, its Chief Executive Officer Sriram Iyer has said.  This company had doubled its Assets Under Management (AUM) from ₹30,000 crore to nearly ₹60,000 crore since June 2022. India’s NPS assets AUM has been recording CAGR of about 25 percent over last five years, touching a milestone mark of ₹10-lakh crore as of August 25 this year.
Read More >>

🗎 Mutual Funds / AMCs

There's no fear that we are slipping into a bearish stock market: Sunil Subramaniam
Sunil Subramaniam, MD & CEO, Sundaram Mutual, says from an economic news perspective, I do not see any surprises. We are in a festival season and this time we have a slightly elongated festival season with Diwali coming in around mid-November. That is good news from the consumer section, consumer durables and auto and housing sectors and that is good news for the markets. At the same time, the state assembly elections in key Hindi belt states will provide a little bit of a clue in terms of the next coming parliamentary election. While they will not have a significant impact because voters behave differently in parliament, the markets will be a bit sensitive if those elections do not go the way of the ruling party at the Centre.
Mutual fund reclassification rules: 6 years in, rolling with the best
October 2017 marked the inception of a new era for the mutual fund (MF) industry. The reclassification norms introduced by the Securities and Exchange Board of India came into effect, prompting the industry to revamp its product portfolio.
A Comprehensive Guide to Mutual Fund Investment Lifecycle
Mutual funds (MFs) are one of the most preferred investment products by retail investors due to benefits such as diversification, professional management and compounding effect in case of long-term investment. While investing in mutual funds, investors typically focus a lot on fund selection  —  checking past returns, associated risks and performance vs benchmark and peers. However, what is also important — and often ignored — is the operational aspect.
UTI AMC appoints Vinay Lakhotia as Chief Financial Officer
India’s leading asset managers UTI Asset Management Company (UTI AMC) on Sunday announced that it has appointed Vinay Lakhotia as the Chief Financial Officer with effect from 1 October, 2023.
Mutual Funds: Target maturity funds a good bet now
As interest rates are likely to be range-bound or declining, individuals can look at target maturity funds and lock-in at higher yields. Most of these funds at present have a yield-to-maturity (YTM) of 7.3% to 7.5%, which could be a good option for those looking for steady growth on their fixed income investment.
Tatas evaluate bid for UTI AMC as Reliance enters the MF space

The Tata Group, India's biggest conglomerate by market capitalisation, is understood to be considering its options and carefully evaluating whether to bid for UTI Asset Management Company, industry sources told ET, after Mukesh Ambani-owned Jio Financial Services entered the market amid increasing financialisation of savings in a country where real estate and bullion have long been the preferred stores of value.
Read More >>

🗎 Equities, Pvt. Equity / Hedge Funds

Private Equity-Venture Capital investments decline 15% to $6 billion in Q3 2023
Chennai: Private Equity-Venture Capital (PE-VC) funds invested $6 billion across 139 deals in India during the quarter ended September 2023 - almost half of the preceding quarter and a 15% decline compared to the September 2022 quarter.

The quarter ended June 2023 saw $11.7 billion being invested by PE-VC firms across 202 deals, while around $7 billion worth PE-VC investments were clocked in September 2022, as per data from research firm Venture Intelligence.
 
FPIs turn net sellers after 6 months of investment; withdraw Rs 14,767 cr in September
After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI’s October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said.
Blackstone’s wait to exit Embassy REIT gets longer
With valuations and pricing not matching up to its expectations, global private equity giant Blackstone has resigned itself to a longer wait to exit - fully or partially - its stake in Embassy Office Parks REIT.
Read More >>

🗎 Govt Securities / Bonds

If you don't have trust in insurance, then what must you do?
Insurance has been there even before we evolved into human beings. It existed in the animal world and the earliest forms of civilization, and it shall exist till there is life on this planet.
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710